DOW CHEMICAL COMPANY (THE) An innovative new product resulting from a collaborative effort between Preferred Sands, LLC ("Preferred Sands") and The Dow Chemical Company ("Dow") (NYSE: DOW) has been named by R&D Magazine as one of the 100 most influential innovations in 2013. Preferred RCS™ Resin Coated Sand with Dow TERAFORCE™ Technology ("product") was honored with an R&D 100 Award for its role in helping improve oil productivity and the environmental profile of the hydraulic fracturing process, which is at the heart of the U.S. energy boom, manufacturing renaissance and job creation.
The product's unique polyurethanes coating properties deliver many benefits during the oil and gas recovery process, including:
- Saving energy by requiring shorter production cycles and low temperatures so that large volumes can be produced at a single production site.
- Eliminating the need for an external activator (additional chemicals) that competing technologies require to be injected into the oil well.
"We are delighted to be honored with Preferred Sands for this industry-changing technology," Chris Chrisafides, Commercial Director for Dow Polyurethanes in North America. "This technology demonstrates how a unique and close collaboration with our customer results in innovation that capitalizes on a growth market while addressing the short and long-term needs of society."
Preferred Sands founder and CEO, Michael O'Neill, highlighted the strategic collaboration with Dow for achieving this success. "The high values of safety and community responsibility we share with Dow position our strategic collaboration for ongoing success," said O'Neill. "The technology delivers a high performing alternative for the oil and gas industry and we're thrilled to be working with a company that is committed to creating solutions that address industry challenges with sustainability always top of mind."
The R&D 100 Awards identify and celebrate the top technology products of the year. Past winners have included sophisticated testing equipment, innovative new materials, chemistry breakthroughs, biomedical products, consumer items, and high-energy physics.
The Dow TERAFORCE resin enables the new Preferred RCS product line to meet key needs of the oil and gas industry. Not only does it perform well under a range of conditions and depths, but it is also cost-effective and improves the sustainability of the drilling process. As part of its expanded portfolio, RCS GarnetTM was designed specifically for flowback control in low temperatures with a built-in activator that does not require an additional chemical treatment, and it produces measurably better bond strength while still delivering better conductivity.
This innovative coating process allows for coated sand to be produced using less energy while minimizing environmental impact compared to phenolic resins. It also provides the industry with an outstanding performance-to-cost value, enabling users to substantially improve operations while still curtailing expenses.
Dow Polyurethanes joins four other Dow businesses - Dow Water & Process Solutions, Dow Oil, Gas & Mining, Dow Automotive Systems, and Dow AgroSciences - being honored with R&D 100 Awards for innovative technologies. The awards will be presented at the 52nd annual R&D 100 Awards banquet on November 7, 2014 in Las Vegas, Nevada.
About Dow Polyurethanes
Dow is the world's largest producer of propylene oxide (PO), propylene glycol (PG), and polyether polyols, and is a leading producer of quality aromatic isocyanates, such as MDI. Dow's polyurethane products enhance a broad range of applications including construction, automotive, furniture, bedding, appliance, decorative molding, athletic equipment and more. The business provides key ingredients, systems and solutions for rigid, semi-rigid and flexible foams, adhesives, sealants, coatings, elastomers and binders. The business has an ongoing initiative to lead the industry in providing high-performance products that meet critical consumer needs. For more information, visit http://www.dowpolyurethanes.com/.
About Preferred Sands
Preferred Sands, LLC., headquartered in Radnor, PA, is one of North America's largest manufacturers and providers of frac sand for oil and natural gas companies in the hydraulic fracturing industry. Launched in 2007 Preferred Sands is the market's only commercial manufacturer with an available green technology in resin-coated sand. With this innovative product development and reclamation projects, the company is not only committed to the protection of the environment but also the health and safety of the communities it serves. With strategic plant locations in Arizona, Minnesota, Nebraska, Wisconsin and Canada, the company has core competencies in logistic transportation. Preferred Sands, LLC. has been named one of Pennsylvania's "Best Places to Work." CEO, Michael O'Neill, has been named Ernst & Young's Entrepreneur of the Year® in Energy, Cleantech and Natural Resources (2012) and SmartCEO Magazine's CEO of the Year (2012).http://www.preferredsands.com/.
For editorial information:
Mike McCaffrey
Dow Polyurethanes
+1-989-636-3045
mmcaffrey@dow.com
Vanessa Horn
Gibbs & Soell
+1-312-648-6700 ext. 2107
vhorn@gibbs-soell.com
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