Nalco Responding to Oil Spill in Gulf of Mexico
Nalco (NYSE:NLC), confirmed today it is providing oil dispersants and support to BP and the responders dealing with the oil spill in the Gulf of Mexico. The company will continue to provide these dispersants as requested for as long as responders have the need.
“To date sales related to these dispersants have not had a material financial impact on our company,” said Nalco Chairman and CEO Erik Fyrwald. “But it is impossible to predict at this time how long this incident will last or the magnitude of the overall response needed.”
“Our suppliers have shown us great support in getting us the raw materials we need,” Fyrwald added. “This has really been an industry-wide effort to limit the impacts of the spill. We all are committed to helping the people and environment of the Gulf Coast recover as rapidly as possible.”
More information about the use of oil dispersants in the Gulf.
More information on Nalco's Oil Spill Dispersant programs
Video: Oil Spill Dispersants and How They Work
Nalco Chairman and CEO, Erik Fyrwald spoke on both Fox Business and CNBC this morning about Nalco's oil spill reponse technologies. Click here to view the Fox Business report: http://video.foxbusiness.com/v/4176631/how-to-clean-up-oil-spills/
If video does not play, click here to view the story on the CNBC website:
WTVJ in Miami posted the story below about dispersants
More on the response to the the Deepwater Horizon Oil Spill can be found on the website http://www.deepwaterhorizonresponse.com.
The EPA has created a website on the use of dispersants on the Gulf Oil Spill. It can be found here http://www.epa.gov/bpspill/dispersants.html.