Issue Date: May 24, 2010
Gulf Oil Spill Boosts Nalco Sales
Water treatment firm Nalco has told investors that it expects sales of dispersants used in the Gulf of Mexico oil spill will have reached $40 million by May 21. The total is equivalent to 1% of the company’s expected 2010 revenues. BP has deployed 640,000 gal of dispersants so far in the clean-up effort. Made of surfactants and a solvent, the dispersants break up oil slicks into smaller droplets. Nalco also says it will donate $2 million to the Nalco Foundation for relief and clean-up efforts.
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