The projects are each 50 MW solar power plants with thermal storage located in Extremadura, Spain.
ST. LOUIS, July 21, 2011 /PRNewswire/ — Solutia Inc. (NYSE: SOA), a global leader in performance materials and specialty chemicals, has been awarded contracts to supply its Therminol® VP-1 synthetic heat transfer fluid for two new solar power plants in Spain. The projects are each 50 MW solar power plants with thermal storage located in Extremadura, Spain.
“Therminol heat transfer fluids continue to be selected for concentrating solar power plants around the world,” noted Sharon Dunn, vice president of commercial services for Solutia’s Technical Specialties division. “These awards reinforce our capability as a global supplier and demonstrate our commitment to the growing solar industry.”
Therminol heat transfer fluid is used in the trough-shaped mirror assemblies to absorb concentrated sunlight, heating up to about 400 degrees Celsius. This stored heat can be used to produce energy during periods of little to no sunlight, including the evening hours. The heated Therminol is used to generate steam, which drives the power-generating turbines.
Solutia offers a worldwide network of product supply by manufacturing Therminol on four continents and has an unmatched worldwide network of technically skilled Therminol fluid specialists to provide expert service and support. Solutia is the world leader in synthetic heat transfer fluids, providing nearly 45 years of excellence in technical support, customer service, performance and innovation.
For more information on Therminol heat transfer fluids, please call +1-800-426-2463 in the U.S. or +32 27465000 in Europe, or visit www.therminol.com .
Forward Looking Statements
This press release may contain forward-looking statements, which can be identified by the use of words such as “believes,” “expects,” “may,” “will,” “intends,” “plans,” “estimates” or “anticipates,” or other comparable terminology, or by discussions of strategy, plans or intentions. These statements are based on management’s current expectations and assumptions about the industries in which Solutia operates. Forward-looking statements are not guarantees of future performance and are subject to significant risks and uncertainties that may cause actual results or achievements to be materially different from the future results or achievements expressed or implied by the forward-looking statements. These risks and uncertainties include, but are not limited to, those risk and uncertainties described in Solutia’s most recent Annual Report on Form 10-K, including under “Cautionary Statement About Forward Looking Statements” and “Risk Factors”, and Solutia’s quarterly reports on Form 10-Q. These reports can be accessed through the “Investors” section of Solutia’s website at www.solutia.com . Solutia disclaims any intent or obligation to update or revise any forward-looking statements in response to new information, unforeseen events, changed circumstances or any other occurrence.
Solutia is a market-leading performance materials and specialty chemicals company. The company focuses on providing solutions for a better life through a range of products, including: Saflex® polyvinyl butyral interlayers for glass lamination and for photovoltaic module encapsulation and VISTASOLAR® ethylene vinyl acetate films for photovoltaic module encapsulation; LLumar®, Vista™, EnerLogic™, FormulaOne®, Gila®, V-KOOL®, Huper Optik®, IQue™, Sun-X™ and Nanolux™ aftermarket performance films for automotive and architectural applications; Flexvue™ advanced film component solutions for solar and electronic technologies; and technical specialties products including Crystex® insoluble sulfur, Santoflex® PPD antidegradants, Therminol® heat transfer fluids and Skydrol® aviation hydraulic fluids. Solutia’s businesses are world leaders in each of their market segments. With its headquarters in St. Louis, Missouri, USA, the company operates globally with approximately 3,300 employees in more than 50 worldwide locations. More information is available at www.Solutia.com .
SOURCE Solutia Inc.