News

DuPont Chemical Solutions Enterprise announced today it has acquired the alkylation division of STRATCO, Inc., a leading alkylation technology licensing company servicing oil refineries throughout the globe. Assets acquired include the STRATCO® brand name and technology, intellectual property, a global customer base, personnel and offices in Leawood, Kan.; Houston, Texas, and; London, England. Financial terms were not disclosed.

“This acquisition complements our Refinery Solutions business and is part of the DuPont Environmental Solutions growth strategy to provide scientific solutions to the oil refining industry,” said DuPont Refinery Solutions Market Leader James S. Pawloski. “The oil refining industry is faced with a need to replace MTBE, an octane enhancer and oxygenate for gasoline that has been found to be persistent in groundwater. One preferred process, alkylation, can use sulfuric acid as a catalyst. With 75 years of experience providing sulfuric acid to refineries, the purchase of the STRATCO alkylation division gives DuPont the ability to leverage our sulfur management capabilities by providing a comprehensive resource for refineries’ alkylation and catalyst needs.”

Founded in 1928 as Stratford Engineering Corp., STRATCO is a leader in the lubricating grease industry and also provides equipment and process solutions to various industries including cosmetics, pharmaceuticals, modified asphalt and biodiesel. STRATCO will maintain its corporate office in Scottsdale, Ariz.

The STRATCO Alkylation Division will be integrated into DuPont Refinery Solutions, part of the DuPont Chemical Solutions Enterprise. The Alkylation Licensing and Service & Repairs divisions will continue to be lead by Glenn Liolios and Mike Cherry respectively.

“We see this as an opportunity to provide an immediate solution to the MTBE issue for some oil refiners while DuPont works to develop additional offerings and sulfur solutions for this industry,” Pawloski added.

DuPont is a 200-year-old science company offering innovative products, technologiesand services that improve the lives of people everywhere. Headquartered in Wilmington, Del., DuPont delivers science-based solutions to markets including agriculture; nutrition; electronics; communications; safety and protection; home and construction; transportation; apparel; home and textiles.

Forward-Looking Statements: This news release contains forward-looking statements based on management’s current expectations, estimates and projections. All statements that address expectations or projections about the future, including statements about the company’s strategy for growth, product development, market position, expected expenditures and financial results are forward-looking statements. Some of the forwardlooking statements may be identified by words like “expects,” “anticipates,” “plans,” “intends,” “projects,” “indicates,” and similar expressions. These statements are not guarantees of future performance and involve a number of risks, uncertainties and assumptions. Many factors, including those discussed more fully elsewhere in this release and in documents filed with the Securities and Exchange Commission by DuPont, particularly its latest annual report on Form 10-K and quarterly report on Form 10-Q, as well as others, could cause results to differ materially from those stated. These factors include, but are not limited to changes in the laws, regulations, policies and economic conditions, including inflation, interest and foreign currency exchange rates, of countries in which the company does business; competitive pressures; successful integration of structural changes, including restructuring plans, acquisitions, divestitures and alliances; cost of raw materials, research and development of new products, including regulatory approval and market acceptance; and seasonality of sales of agricultural products.

STRATCO® is a registered trademark of E.I. du Pont de Nemours and Company.

Contact:
Michelle Reardon, DuPont
302-992-4273 – office
302-545-1672 – cell
michelle.s.reardon@usa.dupont.com