Burlington Chemical Company, Inc., Announces the Formation of LubeRos, Its Lubricant Additives Division

Business Wire, Sept 12, 2000

Business Editors

BURLINGTON, N.C.--(BUSINESS WIRE)--Sept. 12, 2000

Burlington Chemical Company, Inc., www.burco.com , announces the formation of LubeRos, its lubricant additives division. The vision of the division is to become a recognized leader in the global lubricant additives market.

"We have retained Mr. Joe Eldick to lead this division as Vice President. With his market and technical skills, together with the existing technology, infrastructure and personnel at Burlington Chemical Inc., we see great opportunity to bring value to this market," states Mike Scott, President of Burlington Chemical Inc. "Our long term strategy is to leverage our manufacturing, transportation, information and quality systems to provide sustainable value for this important global market. Sustainable lubricants based on seed oils and natural intermediates can provide high value as the transportation, metalworking and industrial lubricant industries gear up to deal with life cycle and sustainable development issues."

"It is our mission to go beyond additive...to synergy, by creating value driven by relationships with our customers, based on information, sustainable chemistry and service," states Joe Eldick, "and we have adopted this as our company mission."

LubeRos intends to set a new standard in sustainable chemistry for lubricant additives as well as using state of the art, web based information and transaction driven systems to produce efficiency for its customers. New product introductions will commence in the forth quarter of 2000 with the primary focus being to replace petroleum derived lubricant additives with higher performance vegetable based alternatives.

Burlington Chemical Company, Inc, is a specialty chemical manufacturer with over 45 years of experience in serving the textile manufacturing, industrial and institutional cleaning, transportation cleaning, personal care, and chemical industries. Burlington Chemical Inc., has 145 employees and two sites for manufacturing, administration and Research and Development, and holds numerous US patents for its innovations. More information can be found at www.burco.com and look for www.luberos.com to become active within the next few months.