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Contact:
Jodi Allen (Investor Relations)
(973) 357-3283
Sherry Sutton
Anderson (Public Relations)
(973) 357-3266
Cytec Delivers
Innovative Products to Increase Efficiency and Recovery for
Mining Companies Worldwide
Woodland Park, NJ –
November 2, 2010 - Cytec Industries Inc. (NYSE: CYT) metal
extraction business today announces the introduction of four
innovative technologies for solvent extraction of metals.
The first two
innovations help mining companies protect against the
degradation of their solvent extractant; particularly,
degradation that is caused by exposure to high nitration or
oxidative conditions. This is a significant challenge for mining
companies, many of which have more than $1million invested in
extractants that their process uses over and over again.
Companies using the Cytec products can get substantial cost
savings by reducing extractant replacement costs and improving
the operational reliability of a processing facility. This new
series of products, ACORGA® NR solvent extraction
reagent and ACORGA OR solvent extraction reagent, expand the
company’s line of products for copper solvent extraction.
The third
innovation allows mining companies to extract valuable
molybdenum from their copper solvent extraction process.
Molybdenum exists at varying levels in most ore processed for
copper extraction. By extracting this metal during their copper
solvent extraction process, mining companies can gain an
additional revenue stream from their existing operations.
Molybdenum is in high demand for use in alloys that are used in
applications that require high-strength, high pressure, high
temperature or high corrosion resistance. Cytec’s CYANEX®
600 extractant allows selective extraction, purification and
concentration of molybdenum from low concentration acidic
streams.
Finally, Cytec has developed a new modeling technique for the
separation of cobalt from nickel via solvent extraction. This
new software technology allows Cytec to very quickly evaluate
and simulate many potential operational scenarios to optimize
the design of a future operation or improve the efficiency of an
existing operation. These significant improvements will allow
cobalt/nickel extraction operations to have higher profitability
and improved efficiency.
Corporate Profile
Cytec’s vision is to deliver specialty chemicals and materials
technologies beyond our customers’ imagination. Our focus on
innovation, advanced technology and application expertise
enables us to develop, manufacture and sell products that change
the way our customers do business. These pioneering products
perform specific and important functions for our customers,
enabling them to offer innovative solutions to the industries
that they serve. Our products serve a diverse range of end
markets including aerospace composites, structural adhesives,
automotive and industrial coatings, chemical intermediates,
electronics, inks, mining and plastics.
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