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Univar Announces Exclusive North American Distribution Agreement with Molycorp Advanced Water Technologies

  Univar Announces Exclusive North American Distribution Agreement with
  Molycorp Advanced Water Technologies

Business Wire

REDMOND, Wash. -- March 14, 2013

Univar Inc., a leading global distributor of chemistry and related products
and services, announced today that its subsidiary, Univar USA Inc., has
entered into an exclusive five-year North American agreement with Molycorp
Advanced Water Technologies, LLC (“Molycorp AWT”) (NYSE:MCP) to distribute the
company’s proprietary, cerium-based water treatment product SorbX-100^TM,
formerly known as XSORBX^TM, to municipal and industrial wastewater treatment
facilities in North America.

The high performance properties of SorbX-100^TM make the product a strong
addition to Univar’s existing portfolio of products already serving the
wastewater industry. The company’s extensive North American network will
create greater opportunities for municipalities in the U.S. and Canada to
benefit from the cost and operational efficiencies of SorbX-100^TM.

“Effective wastewater treatment is critical to ensuring a safe and positive
impact on our environment and the quality of life to people everywhere, every
day,” said Univar’s President and Chief Executive Officer Erik Fyrwald.
“Univar is pleased to be appointed as Molycorp’s exclusive channel to market
for North American municipal and wastewater treatment facilities, and we look
forward to offering our customers a new, innovative solution that allows them
to be more efficient in their operations.”

According to 2011 U.S. Environmental Protection Agency (EPA) facility
discharge compliance data, of the 3,058 facilities in the U.S. that have
permits for phosphorous discharge, 397 plants that collectively discharge
1.077 billion gallons per day were found to be non-compliant for such
discharge. These facilities represent a large potential phosphorus removal
market.

To date, there has only been a limited selection of chemical coagulants for
the removal of phosphorus in waste water. SorbX-100^TM is a patented,
cerium-based product that removes phosphorus, heavy metals, and other
contaminants from municipal and industrial wastewater streams. It offers
wastewater treatment operators a more cost-effective option to reduce
phosphorus discharges, chemical usage, and sludge volumes, while improving
environmental compliance.

“We are very pleased to have Univar, one of the world’s leading chemical
distributors, as our exclusive North American distribution partner for
SorbX-100^TM,” said Molycorp’s President and Chief Executive Officer
Constantine Karayannopoulos. “Univar’s dedicated team of professionals
understands the needs of the operators in this industry, and I’m confident
they will help our customers reach their phosphorus removal targets in a more
cost effective manner while producing less waste.”

Specific information on SorbX-100™’s capabilities can be seen here.

About Molycorp

Molycorp Advanced Water Technologies is a wholly owned subsidiary of Molycorp,
Inc. (NYSE: MCP) (“Molycorp”). One of the world’s leading manufacturers of
custom engineered rare earth and rare metal products, Molycorp is vertically
integrated from its world-class rare earth resource to its advanced downstream
processing facilities. With 26 locations across 11 countries, the Company also
produces rare earth magnetic materials through its Molycorp Magnequench
subsidiary, including neodymium-iron-boron (NdFeB) magnet powders, used to
manufacture bonded NdFeB permanent rare earth magnets. Through its
Intermetallics Japan joint venture with Daido Steel and the Mitsubishi
Corporation, Molycorp manufactures next-generation, sintered NdFeB permanent
rare earth magnets. Through its Molycorp Advanced Water Technologies
subsidiary, the Company markets and sells its proprietary, cerium-based
advanced water purification technology called SorbX™ for use in municipal and
industrial wastewater treatment, recreational water, and pool and spa water
treatment markets. For more information please visit www.molycorp.com.

About Univar

Univar is one of the world’s leading distributors of industrial and specialty
chemicals. Univar represents over 2,500 chemical producers and provides its
customer base, made up of 80,000 customers, with a full portfolio of products.
Univar operates a global network of more than 300 facilities in North America,
Europe, the Asia-Pacific region, and Latin America, with additional sales
offices located in Eastern Europe, the Middle East, and Africa. In 2011,
Univar reported sales of $9.7 billion. For more information, visit:
www.univar.com.

Follow Univar on Facebook and Twitter.

Contact:

Univar Contact:
Univar
Director – Public Relations
Alison Jahn, 425-889-3501
alison.jahn@univar.com
or
Molycorp Contacts:
Molycorp
Vice President, Corporate Communications
Jim Sims, +1-303-843-8062
Jim.Sims@Molycorp.com
or
Molycorp
Senior Manager, Investor Relations
Brian Blackman,  +1-303-843-8067
Brian.Blackman@molycorp.com
 
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