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Chemtura Corporation First to Sign License Agreement with The Dow Chemical Company for Polymeric Flame Retardant Technology for

^{Published on 2011-03-29 06:10:18 - Market Wire}
 

WEST LAFAYETTE, Ind.--([ BUSINESS WIRE ])--Great Lakes Solutions, a Chemtura business (NYSE: CHMT), has worked closely with The Dow Chemical Company (NYSE: DOW) to develop a commercial manufacturing process for Dowa™s proprietary and innovative brominated polymeric flame retardant technology for expanded polystyrene foam (EPS) and extruded polystyrene foam (XPS) insulation. As the first licensee of this technology, Chemtura Corporation, through its Great Lakes Solutions business, will have the rights to manufacture and sell this novel flame retardant for use in EPS and XPS foams. Although it is expected to take several years for the industry to fully convert to this technology, Great Lakes Solutions is moving forward now, making a significant capital investment into a full-scale manufacturing facility to support this conversion.

"We have the infrastructure and resources available to support any customers that wish to qualify and approve this new product now to ensure that the EPS/XPS industry has a long-term solution"

aWe are pleased to offer this greener polymeric solution to our EPS and XPS foam customers without sacrificing performance or quality,a said Anne Noonan, Great Lakes Solutions President. This novel technology has been validated in cooperation with EPS and XPS manufacturers through an extensive pilot-scale sampling program. Currently, the business is running an interim facility producing quantities for plant-scale qualifications. aWe have the infrastructure and resources available to support any customers that wish to qualify and approve this new product now to ensure that the EPS/XPS industry has a long-term solution,a said Noonan.

This new brominated polymeric flame retardant will join other innovative flame retardant products in Great Lakes Solutionsa™ Emeralda" product line providing global customers in the Building & Construction and Electrical & Electronics industries with high-performing, greener fire safety solutions.

For more information, please contact Amy Lamott at 765-497-6332 or [ amy.lamott@chemtura.com ] or visit [ www.greatlakes.com ].

Great Lakes Solutions

Great Lakes Solutions, a Chemtura business, is a global and innovative leader in safe and cost-efficient flame retardant products and solutions for use in applications such as electronic components, electrical enclosures and building products, including insulation and furniture foam. Great Lakes Solutions offers greener, high-performing solutions under the new Emeralda" product series that provide sustainable differentiation in the marketplace without sacrificing performance or quality. For more information about Great Lakes Solutions, please visit [ www.greatlakes.com ].

Chemtura Corporation

Chemtura Corporation, with 2010 sales of $2.8 billion, is a global manufacturer and marketer of specialty chemicals, agrochemicals and pool, spa and home care products. Additional information concerning Chemtura is available at [ www.chemtura.com ].