Univar Announces Exclusive North American Distribution Agreement with Molycorp Advanced Water Technologies
Univar Inc., a leading global distributor of chemistry and related
products and services, announced today that its subsidiary, Univar USA
Inc., has entered into an exclusive five-year North American agreement
with Molycorp Advanced Water Technologies, LLC (“Molycorp AWT”)
(NYSE:MCP) to distribute the company’s proprietary, cerium-based water
treatment product SorbX-100TM, formerly known as XSORBXTM,
to municipal and industrial wastewater treatment facilities in North
America.
The high performance properties of SorbX-100TM make the
product a strong addition to Univar’s existing portfolio of products
already serving the wastewater industry. The company’s extensive North
American network will create greater opportunities for municipalities in
the U.S. and Canada to benefit from the cost
and operational efficiencies of SorbX-100TM.
“Effective wastewater treatment is critical to ensuring a safe and
positive impact on our environment and the quality of life to people
everywhere, every day,” said Univar’s President and Chief Executive
Officer Erik Fyrwald. “Univar is pleased to be appointed as Molycorp’s
exclusive channel to market for North American municipal and wastewater
treatment facilities, and we look forward to offering our customers a
new, innovative solution that allows them to be more efficient in their
operations.”
According to 2011 U.S. Environmental Protection Agency (EPA) facility
discharge compliance data, of the 3,058 facilities in the U.S. that have
permits for phosphorous discharge, 397 plants that collectively
discharge 1.077 billion gallons per day were found to be non-compliant
for such discharge. These facilities represent a large potential
phosphorus removal market.
To date, there has only been a limited selection of chemical coagulants
for the removal of phosphorus in waste water. SorbX-100TM is
a patented, cerium-based product that removes phosphorus, heavy metals,
and other contaminants from municipal and industrial wastewater streams.
It offers wastewater treatment operators a more cost-effective option to
reduce phosphorus discharges, chemical usage, and sludge volumes, while
improving environmental compliance.
“We are very pleased to have Univar, one of the world’s leading chemical
distributors, as our exclusive North American distribution partner for
SorbX-100TM,” said Molycorp’s President and Chief Executive
Officer Constantine Karayannopoulos. “Univar’s dedicated team of
professionals understands the needs of the operators in this industry,
and I’m confident they will help our customers reach their phosphorus
removal targets in a more cost effective manner while producing less
waste.”
Specific
information on SorbX-100™’s capabilities can be seen here.
About Molycorp
Molycorp Advanced Water Technologies is a wholly owned subsidiary of
Molycorp, Inc. (NYSE: MCP) (“Molycorp”). One of the world’s leading
manufacturers of custom engineered rare earth and rare metal products,
Molycorp is vertically integrated from its world-class rare earth
resource to its advanced downstream processing facilities. With 26
locations across 11 countries, the Company also produces rare earth
magnetic materials through its Molycorp Magnequench subsidiary,
including neodymium-iron-boron (NdFeB) magnet powders, used to
manufacture bonded NdFeB permanent rare earth magnets. Through its
Intermetallics Japan joint venture with Daido Steel and the Mitsubishi
Corporation, Molycorp manufactures next-generation, sintered NdFeB
permanent rare earth magnets. Through its Molycorp Advanced Water
Technologies subsidiary, the Company markets and sells its proprietary,
cerium-based advanced water purification technology called SorbX™ for
use in municipal and industrial wastewater treatment, recreational
water, and pool and spa water treatment markets. For more information
please visit www.molycorp.com.
About Univar
Univar is one of the world’s leading distributors of industrial and
specialty chemicals. Univar represents over 2,500 chemical producers and
provides its customer base, made up of 80,000 customers, with a full
portfolio of products. Univar operates a global network of more than 300
facilities in North America, Europe, the Asia-Pacific region, and Latin
America, with additional sales offices located in Eastern Europe, the
Middle East, and Africa. In 2011, Univar reported sales of $9.7 billion.
For more information, visit: www.univar.com.
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