Momentive Releases Expanded 2012 Sustainability Report
Momentive Performance Materials Inc. (“MPM”) and Momentive Specialty Chemicals Inc. (“MSC”) today announced the joint publication of Sustainability: A Top to Bottom Approach, which details progress regarding a number of ongoing sustainability initiatives.
“Momentive is dedicated to maintaining safe and sustainable workplaces, conserving resources and protecting the environment for ourselves, our customers and our global communities,” said Craig O. Morrison, Chairman, President and CEO. “We continue to leverage our global commitment to sustainable business practices in our efforts to develop ground-breaking, high-performance, ‘green' technologies that enable our customers to efficiently manufacture environmentally favorable end products.”
While all of the MPM and MSC sustainability programs are generally focused on environmental protection, economic development and social responsibility initiatives, Sustainability: A Top to Bottom Approach also provides detailed examples of site-specific programs that are making a difference in the communities where MPM and MSC operate. These include:
- The Chennai, India, specialty silicones site, which was planned as a zero-discharge complex. This means that no waste water ever leaves the state-of-the-art facility that opened in 2009. For example, waste water generated from the production processing area and laboratories is treated by an in-house effluent treatment plant. Liquid waste then passes through two stages of reverse osmosis, plus ultra-filtration, before the fully-treated water is eventually used for cooler tower and process washings. Solids separated from the processing waste are sent to an offsite waste management facility.
- The Morganton, North Carolina resin plant, which reengineered its manufacturing process to include a new cooling tower utilizing a closed system approach. The new cooling tower was ‘recycled' as it was shipped from the Missoula, Montana, site to be used in Morganton.
- TEAM Momentive initiatives where associates volunteer to support community projects where Momentive does business. For example, associates at the Lakeland, Florida site maintain an ongoing partnership with VISTE, an organization dedicated to enabling senior citizens to live at home independently, providing a variety of services that assist in their daily functions. Support for VISTE includes scheduled service days, where site employees pack boxes for the elderly and assist in distribution efforts. In addition, MPM associates in the Albany, New York, area recently participated in the 21st annual Tour de Cure, a cycling event that attracted more than 2,000 participants and raised more than $1 million towards diabetes research and education for the American Diabetes Association (ADA). The MPM team raised more than $8,000 for the ADA in 2012 and has supported the event for several years.
The 2012 sustainability report is available at www.momentive.com.
About Momentive Specialty Chemicals Inc.
Based in Columbus, Ohio, Momentive Specialty Chemicals Inc. (formerly known as Hexion Specialty Chemicals, Inc.) is the global leader in thermoset resins. Momentive Specialty Chemicals Inc. serves the global wood and industrial markets through a broad range of thermoset technologies, specialty products and technical support for customers in a diverse range of applications and industries. Momentive Specialty Chemicals Inc. is an indirect wholly owned subsidiary of Momentive Performance Materials Holdings LLC.
About Momentive Performance Materials Inc.
Momentive Performance Materials Inc. is a global leader in silicones and advanced materials, with a 70-year heritage of being first to market with performance applications for major industries that support and improve everyday life. The Company delivers science-based solutions, by linking custom technology platforms to opportunities for customers. Momentive Performance Materials Inc. is an indirect wholly-owned subsidiary of Momentive Performance Materials Holdings LLC.
Momentive Performance Materials Holdings LLC (“Momentive”) is the ultimate parent company of Momentive Performance Materials Inc. and Momentive Specialty Chemicals Inc. Momentive is a global leader in specialty chemicals and materials, with a broad range of advanced specialty products that help industrial and consumer companies support and improve everyday life. Its technology portfolio delivers tailored solutions to meet the diverse needs of its customers around the world. Momentive was formed in October 2010 through the combination of entities that indirectly owned Momentive Performance Materials Inc. and Hexion Specialty Chemicals Inc. The capital structures and legal entity structures of both Momentive Performance Materials Inc. and Momentive Specialty Chemicals Inc. (formerly known as Hexion Specialty Chemicals, Inc.), and their respective subsidiaries and direct parent companies, remain separate. Momentive Performance Materials Inc. and Momentive Specialty Chemicals Inc. file separate financial and other reports with the Securities and Exchange Commission. Momentive is controlled by investment funds affiliated with Apollo Global Management, LLC. Additional information about Momentive and its products is available at www.momentive.com.
Investors and Media:
John Kompa, 614-225-2223