Dow and K2 Pure Announce Start-Up of Chlor-Alkali Facility at California Site
09/28/2011 in Company News
PITTSBURG, CA- Sept. 28, 2011 - The Dow Chemical Company (NYSE: Dow) and K2 Pure Solutions (K2 Pure) today celebrated the successful start-up of a new chlor-alkali plant at Dow‟s Pittsburg, California site. The new state-of-the-art manufacturing facility will produce bleach toserve municipal water treatment facilities in Northern California. In addition, the new plant will supply Dow‟s Pittsburg operations with chlorine for the manufacture of crop protection products and other materials. The companies celebrated the plant opening by breaking ground for a new commemorative fountain which will symbolize the successful relationship between the two companies.
"The Pittsburg facility aligns with Dow‟s ambitious 2015 Goals to strengthen relationships within the communities where we operate, improve our product stewardship, reduce our global footprint, and solve some of the world‟s most pressing problems - including a more sustainable supply of food and fresh water," said Dow Executive Vice President Mike Gambrell. "It contributes to our efforts to reduce hazardous material shipments."
"Completion of the Pittsburg facility is a key milestone that will allow us to further deliver on the promise of K2 Pure‟s Inherently Safe Technology to all stakeholders," said David Cynamon, Executive Chairman for K2 Pure Solutions. "By strengthening the local economy, protecting the environment and producing the products that help ensure the supply of clean potable water for residents of Northern California, the plant contributes to the "Triple Bottom Line‟ of economic, environmental and social responsibility that is at the heart of K2 Pure Solutions."
K2 Pure built and operates the new plant at the Dow Pittsburg, California site. As part of theiragreement, K2 Pure is leasing an additional facility to Dow, which K2 Pure operates to generate chlorine for use by Dow via pipeline.
"This new facility has the right scale, right location and right solutions to create value for our customers, while giving us the opportunity for future growth by providing secure, local, reliableand competitive supply," said Gambrell. "This facility is very much in line with our equity-light strategy - a key component of Dow‟s transformation into an earnings growth company."
The project, including both facilities, has an annual capacity of 460 million pounds of chloralkali products. K2 Pure utilizes salt-to-bleach technology, which uses salt, water and electricity as the principle raw materials necessary to produce bleach and chlor-alkali products. Additionally, with the major investment in state-of-the-art fuel cells, K2 Pure will recycle 100 percent of the hydrogen from the plant and re-use it to create clean energy that can help power the facility without the emission of carbon dioxide, a greenhouse gas.
Dow combines the power of science and technology with the "Human Element" to passionately innovate what is essential to human progress. The Company connects chemistry and innovation with the principles of sustainability to help address many of the world's most challenging problems such as the need for clean water, renewable energy generation and conservation, and increasing agricultural productivity. Dow's diversified industry-leading portfolio of specialty chemical, advanced materials, agrosciences and plastics businesses delivers a broad range of technology-based products and solutions to customers in approximately 160 countries and in high growth sectors such as electronics, water, energy, coatings and agriculture. In 2010, Dow had annual sales of $53.7 billion and employed approximately 50,000 people worldwide. The Company's more than 5,000 products are manufactured at 188 sites in 35 countries across the globe. References to "Dow" or the "Company" mean The Dow Chemical Company and its consolidated subsidiaries unless otherwise expressly noted. More information about Dow can be found at www.dow.com
About Dow's Pittsburg Operations
The Dow Chemical Company purchased the Pittsburg facility in 1939 from the Great Western Electrochemical Company. The Pittsburg facility produces a variety of personal care and crop protection products. The site‟s sustainability efforts include: a nationally-recognized, award-winning Wetlands Preserve; the largest solar farm at any Dow site; and a product offering recognized by the U.S.Environmental Protection Agency for environmentally-friendly properties.
About K2 Pure Solutions
K2 Pure Solutions manufactures products essential to modern life through environmentally sustainable and Inherently Safe Technology.
K2 Pure Solutions helps provide an answer to eliminating the need to transport chlorine for water purification and disinfection by deploying and funding a North America wide network of state-of the-art facilities utilizing inherently safe technology. K2 Pure Solutions‟ facilities will mitigate the potential environmental, security and operational risks associated with the transport of chlorine for water treatment and other industries by producing exceptionally pure bleach, caustic soda and other chlor-alkali products using only salt, water and electricity in the most economically viable manner.
K2 Pure Solutions was founded by David Cynamon and Howard Brodie, the founders of KIKCustom Products, North America's largest contract manufacturer of private label household bleach, personal care and household cleaning products. K2 Pure Solutions also includes Centre Partners among its partners; a leading middle market private equity firm with offices in New York and Los Angeles. David Cynamon and Howard Brodie have partnered with Centre Partners since 1997. For more information visit: www.k2pure.com