Nalco Releases Sales Impact of Gulf Response
May 18, 2010
NAPERVILLE, IL – Nalco, a water treatment and process improvement company located in Naperville, IL, has announced that its efforts to meet Gulf oil spill respondent requests for dispersants will have generated about $40 million in sales by the end of the week, or a level equivalent to approximately one percent of expected 2010 company revenues.
Nalco's oil dispersants act like dishwashing soap to separate and break apart oil so it will be more readily digested by oil-consuming microorganisms. This process naturally biodegrades both the oil and dispersants.
Recognizing the broad impact of the spill on the Gulf region, Nalco will donate $2 million to the Nalco Foundation, and the foundation will donate the funds to organizations conducting relief and clean-up efforts.
"This is truly a devastating situation, and we recognize the urgent need for large-scale support to combat the ongoing effects of the incident," said Nalco Chairman and Chief Executive Officer Erik Fyrwald. "We have focused our efforts in recent weeks on increased dispersant production at the expense of normal growth pursuits but believe it is our corporate responsibility to both respond to the federal agencies working to minimize the effects of this spill and assist those who live along the Gulf Coast and derive their livelihood from the region."
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