Hexion Specialty Chemicals Wins Prestigious 2008 R&D 100 Award

Hexion Specialty Chemicals Wins Prestigious 2008 R&D 100 Award

Hexion Specialty Chemicals, Inc. today announced that it has been named a recipient of a prestigious R&D 100 Awards for 2008, which recognize the 100 most significant proven technological advances of the year, according to R&D Magazine.

These awards have been called the “Oscars of Invention.” For more than 45 years, the R&D Awards have provided “… a mark of excellence known to industry, government, and academia as proof that the product is one of the most innovative ideas of the year,” R&D Magazine stated.

The award recognizes Hexion for its leadership in the development of commercially viable technology for a bio-based powder coating in conjunction with Battelle and the Ohio Soybean Council. Hexion’s bio-based powder coating technology delivers a durable and cost-effective solution that is based on renewable resource feedstocks, such as soybeans and corn. The bio-based powder coating technology also enables low-temperature curing, which leads to lower overall energy costs, although it can also be used on high-temperature substrates, such as metals. As a Battelle licensee, Hexion is focused on commercializing the technology.

“There is great interest in the replacement of some petrochemical feedstocks with bio-based feedstocks for use in a wide range of applications,” said Rich Myers, Ph.D., Executive Vice President and Chief Technology Officer, Hexion. “The R&D 100 Award recognizes our ongoing commitment to innovation and Hexion is pleased to be part of such a respected group of industry leaders. Congratulations to the technology and business leadership team of Hexion’s Powder Coatings business who demonstrated keen vision and foresight in developing this important technology. They demonstrate Hexion’s continuing commitment to providing critical technology solutions for our binding, bonding and coating customers.”

The global awards are selected annually by an independent panel of judges and the editors of R&D Magazine. The R&D 100 Award winners will be recognized at a formal ceremony in Chicago in October 2008.

Based in Columbus, Ohio, Hexion Specialty Chemicals 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. Hexion Specialty Chemicals is controlled by an affiliate of Apollo Management, L.P. Additional information is available at www.hexion.com.

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