12/23/2008
Terra Environmental Technologies and Brenntag North America Form Strategic Alliance
Terra Environmental Technologies Inc. (TET) and Brenntag North America (Brenntag) are pleased to announce a mutually exclusive, multi-year strategic alliance designed to efficiently supply the United States and Canada with TerraCair™ ultra pure diesel exhaust fluid (DEF). The agreement between Brenntag and TET, a wholly owned Terra subsidiary, provides for the supply of nitrogen products and technical services to customers seeking to improve their environmental performance.
To meet new environmental protection regulations beginning in 2010, most producers of diesel engines have announced plans to use Selective Catalytic Reduction (SCR) technology. To effectively serve this growing market for SCR after treatment technology, an expansive and efficient DEF distribution infrastructure will be required across the United States and Canada.
“The exclusive arrangement between TET and Brenntag will provide tremendous benefits to DEF customers,” said Terra President and CEO Michael Bennett. “The two organizations will tightly control the distribution process to ensure that we meet the high quality standards required of diesel exhaust fluid.”
“Brenntag is pleased to have secured a single, reliable source of high quality, domestically produced DEF to meet the needs of this rapidly emerging market,” said Brenntag North America President & CEO, Bill Fidler. “The alliance also addresses the two primary concerns that customers have been communicating to us as 2010 rapidly approaches, namely, will we be able to obtain product efficiently, and will it meet stringent quality requirements?”
Demand for DEF in the U.S. and Canada is expected to grow exponentially in the years ahead. Through this new alliance, customers will be able to source TerraCair from local Brenntag distribution points in small packages, 55 gallon drums, 275 gallon IBCs, and in bulk quantities. Terra’s production facilities, leveraged through Brenntag’s extensive network of locations with the capability to store, blend and repackage, will allow TerraCair to move across the U.S. and Canada with the highest efficiency, quality and service levels in the industry.
About TET
Terra Industries Inc. (NYSE: TRA), with 2007 revenues of $2.4 billion, is a leading international producer of nitrogen products. Terra Industries Inc. formed TET in 2003 to provide products and services to customers using nitrogen products to reduce NOx emissions from various sources, including power plants and in other environmental processes such as water treatment plants. TET was incorporated in December 2007.
About Brenntag
Brenntag recorded global 2007 sales of EUR 6.7 billion (USD 9.1 billion). The company operates in excess of 300 locations with more than 11,000 people in 64 countries. In keeping with the company’s strong position in world markets, Brenntag is committed to providing value to its customers and suppliers through superior supply chain logistics, single sourcing, technical assistance and other value added services. Brenntag offers an unrivalled, extensive and state-of-the-art distribution network for industrial and specialty chemicals to its suppliers and customers alike throughout the world.
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December 23, 2008 - For further information contact:
TET - Barry Lonsdale – 519-851-7575 - blonsdale@terraindustries.com
Brenntag North America - Barbara Nothstein – 610 916 3858 - brenntag@brenntag.com
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