Take a broad, deep look at what we have to offerAshland Specialty Ingredients

Overview . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .2

Personal Care . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .4

Pharmaceutical . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .6

Food and Beverage . . . . . . . . . . . . . . . . . . . . . . . . . . .8

Paint and Coatings . . . . . . . . . . . . . . . . . . . . . . . . . . . .9

Oil and Gas Technologies . . . . . . . . . . . . . . . . . . . 10

Building and Construction . . . . . . . . . . . . . . . . . . .11

Performance Specialties . . . . . . . . . . . . . . . . . . . . 12

Advanced Materials . . . . . . . . . . . . . . . . . . . . . . . . . 17

Industrial Chemicals . . . . . . . . . . . . . . . . . . . . . . . . 18

Global Manufacturing . . . . . . . . . . . . . . . . . . . . . . 19

Research and Development . . . . . . . . . . . . . . . . . 20

People and Culture . . . . . . . . . . . . . . . . . . . . . . . . . 22

Our Global Presence . . . . . . . . . . . . . . . . . . . . . . . . 23

Environmental, Health, Safety and Security . . 24

Take a broad, deep look at what we have to offer

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At a glance

• Morethan7,500customersglobally

• 30manufacturinglocationsworldwide

• 20technologycentersworldwide

• Customersinover100countries

• Number1ornumber2globalproviderincorechemistries

Ashland Inc . is the leader in specialty chemical solutions

for consumer and industrial markets, with a global

manufacturing footprint, best-in-class technical service

and the ability to develop and deliver sophisticated,

performance-enhancing chemistry across more than

30 different industries . Ashland Specialty Ingredients, a

commercial unit of Ashland Inc ., has a rich heritage in the

combination of the former International Specialty Products’ 160-year history and

that of the former Ashland Aqualon Functional Ingredients . The latter was originally

formed in 1987 as a joint venture between Henkel GmbH and Hercules Inc ., which

began producing cellulose ethers in 1919 . Ashland Specialty Ingredients has more

than 7,500 customers in over 100 countries for which we produce more than 500

unique products in 20,000 separate stock-keeping units (SKUs) .

With that description, you’ve only begun to scratch the surface of discovering the

kind of company we are . In the past few years, we have begun a transformation that

is leveraging our global capabilities to provide even higher value to our customers .

Beyond economies of scale, a broad product portfolio and world-class logistics

and supply, we have embraced an invigorated innovation process, refined business

practices and established closer partnering with our customers to help them gain

clear performance enhancement and competitive advantages in their markets . We

invite you to take a broad, deep look at Ashland Specialty Ingredients to find out how

we are shaping the future of specialty chemicals .

Research and Development Vigor

ThenumberofpatentsissuedtoAshlandSpecialtyIngredientshasbeenincreasingdramatically.WeexpectthatthistrendwillcontinueasthenumberofpatentsfiledbyAshlandSpecialtyIngredientsscientistshasnearlydoubledbetween2007and2009.

Aligning our Offerings with Customers’ Commercialization Processes

Asindustrieschangetoenhanceproductivityandrespondtotheirowncompetitiveenvironments,Ashlandisbecomingmoredeeplyinvolvedwithourcustomers’productdevelopmentandcommercialization.Anexampleisourpharmaceuticalsbusinesswithofferingsthatsupportdrugsynthesis,solubilityenhancementandexcipientsandcoatings.Wetouchvirtuallyeveryphaseofthedrugdevelopmentandproduction.

Acting in the Best Interest of Everyone

Wearecommittedtoexcellenceinenvironmentalhealth,safetyandsecurity,andtohavingapositiveimpactonthecommunitiesinwhichweoperateandsocietyasawhole.Howstrongisthiscommitment?We’vemadeitacompanypolicy.

WecarrythisoutbysupportingtheprinciplesandethicsofResponsibleCare*,aglobalinitiativetoadvancethesafeandsecuremanagementofchemicalproductsandoperations.OurResponsibleCareprogramincludes:

• Aglobalmanagementsystemtodeliverexcellenceinenvironmental,health,safetyandsecurityperformance,andmeetrequiredlocal,regional,internationalandbusiness-specificstandards.

• Employeeinvolvementateveryleveloftheorganization.

• Continualimprovementtowardourgoalsofoperatingwithzeroincidents,achieving100percentcomplianceandreducingourenvironmental,health,safetyandsecurityimpact.

How We Carry it Out

OurcommitmenttoResponsibleCareisfar-reachingandwell-rounded,whetherwe’recleaninguptheenvironment,protectingouremployeesfromsafetyhazards,monitoringcomplianceorevaluatingourperformance.

• Environmentalandregulatoryprogramsprovidingexpertiseincriticalareasofenvironmental,health,safetyandsecurity.

• Productriskmanagement,acompany-widesystem.

• Productregulatoryinformation,managingmaterialsafetydatasheetsandmaking health,safetyandenvironmentalprotectionanintegralpartofthelifecycleof chemicalproducts.

• Remediation,handlingworldwideenvironmentalinvestigation,cleanupandriskmanagement.

• Safetymanagement,providingglobalsafetysupport.

• Audits,ensuringwearedoingwhatwesay.

• AshlandisalsoamemberoftheGlobalEnvironmentalManagementInitiative(GEMI),anorganizationoftopcompaniesdedicatedtofosteringglobalenvironmental,healthandsafetyandsustainabilityexcellence.

Becoming a More Important Supplier Based on Breadth of Product Portfolio

Today’smanufacturingcompaniesarelookingtosuppliersformorecompletesolutions.Forexample,oneofourrecentacquisitionsaddedabroadrangeofacrylatechemistrytoourexistingproductportfolio,allowingustosupplyingredientsandtechnicalknow-howtoamuchlargeraudienceinindustriessuchaspersonalcare,coatings,household,industrialandinstitutionalcleaning,oilfieldandmore.Broadeningourportfoliointhismannerenablesopportunitiestooffersynergiesnotpreviouslypossible.

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Commercializing Innovation Through Closer Partnerships

Ashland’sVincience™biofunctionals businesshaschangedthewayweworkwithourcustomersinpersonalcare. Weareengagedinfundamentalsciencethatputsusattheforefrontofunderstandingtheinterfaceofchemistryandbiology,andwearetranslatingthatunderstandingintonovelchemistriesandproductsthatallowourcustomerstorespondtomarkettrendsandachievebreakthroughsintheirownproductperformance.ThishaspositionedAshlandasago-tocompanyinthedevelopmentofemergingpersonalcaretechnologies.

Advancing the Science of Beauty

Whentheleadingpersonalcarecompaniesneedtocreatebetter-performingshampoos,bodywashes,hairgels,sunscreens,toothpasteormoisturizers,theyturntoAshlandSpecialtyIngredients’broadlineofinnovativeingredientstoachievebetterconditioning,alonger-lastinghold,higherSPFprotectionandmoreeffectiveskinembellishmentproperties.Ourportfolioofbiofunctionalingredientsandfunctionalpolymersdeliverssomeofthemostadvancedperformancepropertiesinpersonalcareproducts,andwe’realwaysworkingonbreakthroughsinhair,skinandoralcareingredients.Beyondinventingbreakthroughchemistries,we’reworkingcloselywithcustomerstohelpthemdevelopnewblockbusterproducts.Allthisinnovationisanotherreasonwhypersonalcaremarketersaretakingabroader,deeperlookatAshland.

Ourfocusondevelopingingredientsthatcanhelpcustomerscommercializetheirideasmorequicklyisleadingtoavarietyofinnovativechoicesforthemarketplace.Whethertheneedisformorenovelskincaretechnologyortoothpastethateffectivelyboostsfunctionality,Ashlandhasaproducttomeetavarietyofrequirements.

Vincience™ Biofunctionals

PoncedeLeonspentyearssearchingfortheFountainofYouthinFlorida,butifhe couldhavelookedintothefuture,hewouldhavepointedhiscompasstowardSoutheastFranceinstead.Here,intheheartofthetechnologyparkofSophiaAntipolis,Ashland’sGlobalSkinResearchCentercontinuouslyworksonunlockingthemysteriesoflookingyoungerthroughtheuseofbiofunctionalingredients.Since1964,wehavebeen developingnewtechnologiesthathelpconsumersaccomplishyoungerandhealthierlookingskin.Ourscientistsachievedmultiplebreakthroughswhileofferingafullcomplementofin-housetesting.

Morethan40researchersexaminewaysinwhichingredientsarehelpingconsumersachieveafresher,youngerlook.AmongourpatentedproductsareCollaxyl™ISbiopeptide,whichisclinicallyproventovisiblyreducethelengthanddepthofwrinkles,andhigh-techbotanicalingredientssuchasOrsirtine™ISR,abreakthroughskin-protectiontechnologybasedonsirtuinsresearch,thatpromotesskinlongevityex-vivo.TheVinciencelineofbiofunctionalactiveshasbeendesignedwithaprofoundunderstandingofskinbiologyandincludessyntheticpeptides,botanicalactives,andingredientsbasedonbiosynthesisandotherbiotechnologies.

PersonalCare

The Avant Institute

InFrench,“avant”meansforward,andthat’sthedirectiontheAvantInstituteistakingpersonalcaretechnology.Onthecutting-edgeofpersonalcaredevelopment,thisresearch-orientedinitiativefosterscollaborationbetweenindustryandacademiatofurtherpersonalcaretechnology.In2009,morethan50researchersfromvariousR&DandeducationalorganizationsgatheredforthefirstAvantInstituteScienceSymposium.

Vincience biofunctionals infuses our business with a full line of products for hair and skin

and energizes our approach to R&D.

At a glance

• Majorsuppliertothehaircare,skincare,suncareandoralcaremarkets

• Comprehensiveportfolioofbiofunctionals,fixativeandstylingpolymers,bioadhesives,andrheologyandconditioningpolymers

• Productdevelopmentphilosophybasedoncustomercollaboration

• CentersofExcellenceworldwidesupportedbyregionaltechnicalservice

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An Initiative of ISP

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PersonalCare

Hair Care

Withnewproductvariantsintroducedatanaverageoftwotimesayear,aprovenpartneriscritical.Manyoftheworld’sleadingbrandsturntoAshlandtosatisfychangingstylingtrendswithouradvancedstylingpolymersandfixatives.Conditioningpolymers,emulsifiers,opacifiers,preservativesandrheologymodifierscompletetheAshlandhaircareline.Ourproductsareprovensafeandeffectiveinbothliquidandsemi-solidenduses.EachofourpolymershasanassignedInternationalNomenclatureofCosmeticIngredients(INCI)labelingnameasdefinedintheInternationalCosmeticIngredientDictionaryandHandbookpublishedbytheCosmetic,ToiletryandFragranceAssociation.

Ashland’sfunctionalpolymersofferadvancedprotectionforhighlytreatedhair.Easytoformulateandcompatiblewithawidearrayofhaircareingredients,ourofferingsdelivervalueandperformancebackedbysuperiorcustomerserviceandaglobalnetworkofhighlyknowledgeabletechnicalexpertstosupportourcustomers’productdevelopmentefforts.

Ashlandworkscloselywithcustomerstoadvancethescienceofhaircareandtointroduceexcitingnewapplications.

Skin Care

Ourproductportfoliocoversskinprotection,withhundredsofproductsthathelpskintodetoxify,firm,nourish,revitalize,smoothandmore–allofwhichaddvalueandnoveltyforendconsumers.Emulsifiers,emollients,preservativesandrheologymodifierscompletetheAshlandskincareline.

Ashlandisaleaderinpersonalcareinnovations,buttooptimizeourtechnology,weareteamingupwithexpertsinotherfields.Forinstance,ourrecentcollaborationwithaproteomics-basedlifesciencescompanyhasledtomoreefficientandcomprehensiveproducttestingbasedoncomputermodels.Thistranslatesintodramaticallyaccelerateddiscoveryanddevelopmentofexcitingnewbiofunctionalingredients.

Oral Care

Ashland’sfunctionalpolymersaddresstheglobaldemandinoralcarefordeliveryofactives,advancedstainremoval,tartarcontrolandwhitening.ThestrongbioadhesivefunctionalityofGantrez™copolymersfindsextensiveapplicationindentureadhesives.Italsoisveryeffectiveinthedeliveryandretentionofactiveingredientsintoothpasteandmouthwashapplications.Ourpolymericcomplexingagentsprovidenonabrasivestainremovalintoothpasteandoralrinseapplications.Ashland’sCaptivates™microcapsulesandmicrobeadstechnologyactasadeliverysystemforflavor,texture,functionalingredientsandmore.Theycreatevisualappealwithbothstaticanddynamiccolordisplayandalloworalcareproductmakerstocreatesensoryeffectsneverbeforepossible.OurAqualon™,Blanose™andBondwell™cellulosegumsbinditalltogether-ensuringthatatoothpastemaintainsbothformandfunctionthroughoutitsentireproductlifecycle.

Household, Industrial and Institutional Cleaning

Injustaboutanytypeofcleaningapplication,Ashland’scustomersarelookingtousforinnovationinfour majorsegments:fabriccare,household,dishwashingandinstitutionalandindustrial.Wesupplydye-transferinhibitorsandscaledispersantsforlaundryproducts.Ourproductsimprovecleaningperformanceinthekitchenandbathroom.Wecanimprovefragrancedelivery,andwearedevelopingnewsolutionsforhigherperforming,moreenvironmentallyfriendlydishwashingproducts.

Ourcelluloseethersfindawiderangeofutilityforviscosityenhancement,particlesuspension,rheologymodificationandstabilization,indiverseapplicationsinthismarket.Fromhard-surfacecleanerstodisinfectantsandfoodandbeverageprocessing,theprimaryfunctionofourKlucel™hydroxypropylcelluloseandCulminal™methylhydroxypropylcellulosepolymersistoimprovefilmcoveragebyrheologycontrolandthewettingbehaviorofthesolutionthroughsurfacetensionreduction.Dextrol™andStrodex™phosphateestersarealsocommonlyusedinindustrialcleanersasdetergents,emulsifiersandwettingagents.

Sun Care

Ashlandoffersoneoftheindustry’sbroadestportfoliosforsuncareproducts,includingUVfilters,water-resistantagents,UVfiltersolubilizers,UVboosters,preservatives,emulsifiers,thickenersandemollients.Withallofthisexpertise,Ashlandpartnerswithoursuncarecustomersindevelopingnext-generationformulations–whetherthey’reforthebeachorforeverydayuse.

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Select excipients from Ashland Specialty Ingredients qualify as United States Pharmacopeia (USP) ‘Verified Pharmaceutical Ingredients’

indicating that they have passed an independent, USP-conducted cGMP audit, thorough documentation review and testing for purity and potency.

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Pharmaceutical

At a glance

• Acomprehensiveexcipientportfolio

• Solutionsforactivepharmaceuticalingredients(APIs)delivery,protectionandsolubility

• Technicalleadershipindrugsolubilization

• Pharmaceuticaltechnicalcentersstrategicallylocatedworldwide

• Currentgoodmanufacturingprocesses(cGMP)manufactureofintermediatesandactives

Bringing Life to the Development Process

Formorethan60years,AshlandSpecialtyIngredientshasbeenaleadingpartnertothepharmaceuticalandnutraceuticalindustriesforthecommercializationofcompoundsthatpromotehumanandanimalhealth.Builtonastrongfoundationofscience,Ashland’spharmaceuticalbusinessprovidesproductsandservicesfordrugsynthesisandsolubilizationinadditiontoexcipientsandtabletcoatingsystemsforformulationdevelopment.Wearecommittedtoprovidingqualityproductsandreliablecustomersupporttoadvancethecommercializationgoalsofthelargestproducersofpharmaceuticalsandnutraceuticalsupplements.

Ashland’stalentedscientistsareatworkintechnicalcentersaroundtheworldsupportingvirtuallyeveryphaseofthedrugcommercializationprocess–fromformulationandprocessdevelopmenttoscale-upandfull-scalemanufacturing.

Excipients

Ashland’sexcipientbusinesshasatrackrecordasaleadingsupplierofhigh-qualitypolymerstothepharmaceuticalandnutraceuticalindustries.Weofferanunparalleledrangeofpolymersforuseinsolid,semi-solid,andliquiddosageforms.Forcontrollingdrugreleaseourtabletbindersenabletherightdosageattherighttimewhetheryouneedanimmediateorsustainedsolution—includingKlucel™hydroxypropylcellulose,Benecel™methylcellulose,Plasdone™S-630copovidoneandPlasdone™povidone.Inaddition,wealsoimprovetherateandextentofdrugdissolutionofpoorlysolubledrugswithoursuperdisintegrant—Polyplasdone™crospovidone.

Ashland offers the most diversified portfolio of excipients and a research team focused on major formulation trends, helping drug manufacturers increase their success.

Pharmaceutical

Tablet Coating Systems

Ashlandoffersready-to-useAquarius™coatingsystems.Ourextensivetabletcoatingsystemsportfolioincludesaestheticcoatings,barriersystemsagainstmoisture,odorsandtastes,aswellassustained-anddelayed-releasecoatings.Alongwithourcompleteproductportfolio,Ashlandsupportscustomerswithcolormatching,troubleshootingandon-sitetrialsupport.Polymerknow-howandtheabilitytotailormakespecificpolymergradesforcoatingapplications,givesusastrongtechnicaladvantageindeliveringfilmcoatingsystems.

Drug Solubilization

Ashlandprovidesingredientsandprocesstechnologyservicestoimprovesolubilityandenhancebioavailabilityofdrugactives.Thisbroadrangeofdrugsolubilizationtechnologiesincludessolvents,cyclodextrinsandpolymers.Inaddition,AshlandhasexpertiseinGoodManufacturingProcesses(cGMP)spray-driedhot-meltextrusionsoliddispersionsforbioavailabilityenhancementofpoorlysolubledrugsandprovidesdevelopment,clinicalsupply,pilotandcommercialmanufacturingservices.Ourexperienceworkingwithmorethan100activesinthepasttwoyearsputsAshlandattheforefrontofthequestforbetterdrugsolubility.

Drug Synthesis

Ashlandisacustommanufacturerofkeyintermediatesforactivepharmaceuticalingredients(APIs)andfinishedAPIs.ProducedwithinastrictcGMP environmentinafacilityinspectedbytheU.S.FoodandDrugAdministration,Ashlandoffersarangeofreactioncapabilitiesforcustommanufacturingandsynthesis.Inaddition,Ashlandalsooffershigh-puritytetrahydrofuran,areactionsolventfortheproductionofintermediatesandactiveingredients.

Specialty Products for Pharmaceuticals

Ashlandalsooffersselectactiveingredientsandbiopolymers,includingFerronyl™ironsupplement,PVP-IodineantisepticandGantrez™copolymers.

Makersof:

• Aquarius™coatingsystems

• Klucel™hydroxypropylcelluloseandBenecel™methylcelluloseandhypromellose

• Polyplasdone™crospovidone,Plasdone™S-630copovidoneandPlasdone™povidone

Creating Value Through Applications Knowledge, Market Insight and a Powerful Product Portfolio

Ashland’s Food Ingredient Solutions

AshlandSpecialtyIngredientsisaworldleaderincellulosicfoodingredients.Ourpremiumadditivesandstabilizersenablehealthier,tastier,andmoreconvenientfoods.OurproductsincludeAeroWhip™andKlucel™hydroxypropylcellulose,Benecel™methylcelluloseandhydroxypropylmethylcellulose,Aquacel™,Aqualon™,Aquasorb™,Blanose™andBondwell™cellulosegums,Polyclar™polyvinylpolypyrrolidone(PVPP)stabilizersandSupercol™guargum.

Ashland’sstabilizersandgumsarerecognizedthroughouttheworldforquality,consistencyandperformance.Theseingredientsarederivedfromrenewable,naturalrawmaterials,andareproducedincGMPfacilitiesintheU.S.,EuropeandAsia.

Wedomorethanjustmanufacture–ourproductsarealsosupportedbyaglobalnetworkofresearchandapplicationscientistsandtechnicallytrainedsalespeople.

Sincethe1950s,oursolutionsandexpertisehaveenabledformulatorstobreaknewgroundinfoodandbeverageperformance.Theresultsareallaroundyouinreducedoiluptakeinfriedfoods;enhancedmouthfeelinreducedsugarbeverages;reducedmilkfatwithcreamymouthfeelinwhippedtoppings;reducedsaturatedfatinyourdietwithmeatsubstitutes;gluten-freeformulationsfornew-directioncarbohydrates;mouthfeelandthickeningwithexcellentclarityinbeveragesandsyrups;economicalproteinstabilizationinacidifieddairyproducts;andenhancedmoistureandshelf-lifeinbakeryproducts.

Ashland’s Polyclar Stabilization Technology Is the Clear Choice for Beverage Makers

Consumersofwineandbeerloveaclearandstabilizedbeverage,andsodoesAshland,whichhasbeenontheforefrontofdevelopingandmanufacturingstabilizersforavarietyofbeverageproducts.Byhelpingourcustomersachievethehighestproductquality,Ashlandplaysanimportantroleinenhancingconsumerappeal.Atthesametime,ourcompletelineofpolyvinylpolypyrrolidone(PVPP)providescost-effectivetechnologytobrewersandwinemakers.

Service Innovators for the Industry

Brewingemploysthelatestprocessingtechnologies,andAshland’sinnovationsareperfectfordeliveringanappealingbeveragetothe endconsumer.OurbrewmastertechniciansandchemistsworkedcloselywithaEuropeanopticsinstitutetodeveloptheportablehazetesterwhichweusealongwithothermobilelabinstrumentsthateasilyandaccuratelymeasurehazeprecursorsliketannoidsandhaze-sensitiveproteins.

Themeasuredremovalofthesehaze-formingprecursorsallowsbrewersandwinemakerstooptimizethestabilizerused.Workinginconjunctionwithcustomers,AshlandalsorecommendsthebestPolyclarPVPPstabilizerfortheirspecificapplication.Thispersonalizedapproachhelpstoenhanceprocessingefficiencyandproductquality.OurscientistswerethefirsttodevelopandpatentPVPPstabilizers.

FoodandBeverage

At a glance

• Highlyrespectedglobalsupplierofingredientsandsolutions

• Widerangeofingredientofferingsforthebakery,beverage,dairy,dessertsandtoppings,meat,meatalternatives,petfood,preparedfoods,sauces,andsavoryproducts

• PVPPorblendsofPVPPwithotherfunctionalstabilizers

• Cost-effectivestabilizationofbeerandpreventionofpinkingandbrowninginwhitewines

• 100%removablebeverageprocessingaidsfreeofenzymesandGMOs

• Stabilizersthataregloballyacceptedandprovensafe

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Our industry-leading technology and personalized service help food formulators make foods delicious and beverage makers reduce processing costs while improving product appearance.

At a glance

• Worldleaderinrheologysolutionsforwaterbornepaintandcoatingsplusabroadportfolioofspecialtyadditivesthatincludesbiocides,preservatives,surfactants,pHandfoamcontrol

• Strategicallylocatedregionalcoatingsapplicationlaboratoriesworkdirectlywithcustomerstoprovideformulationexpertise

• Innovativenewproductsspecificallydevelopedtoenableformulatorstocreatenext-generationpaintandcoatingsthatmeetorexceedthelatestenvironmentaldirectiveswithoutsacrificingperformance

• World-classmanufacturinginNorthAmerica,EuropeandAsiaincreasessecurityofsupplyfromaglobalnetwork

Partnering with Formulators for a Colorful Future

AshlandSpecialtyIngredientshasanestablishedtrackrecordofsuccesswithtoppaintandcoatingsmanufacturersaroundtheworld.Withspecializedadditivesandinnovativechemistry,ourteamofhighlyexperiencedsalesprofessionalsandtechnicalexpertsroutinelyworktogetherwithpaintformulatorsinourregionalpaintlabsaswellasourcustomers’labstosolveourcustomers’toughestpaintandcoatingschallenges.Inadditiontoarchitectural,industrial,specialtyandwoodcoatings,wealsoofferfunctionaladditivesforpaintremovers,universalcolorantsandemulsionpolymerization.

The World Leader in Rheology Modification

Our“completerheologysolutions”includeNatrosol™hydroxyethylcellulose(HEC)andAquaflow™nonionicsyntheticassociativethickeners(NSATs).

Natrosol™HECfromAshlandisthemostwidelyspecifiedthickenerbrandforwaterbornearchitecturalcoatingsintheworld.Forover50years,formulatorshavereliedonNatrosol™HECtodelivercost-effective,robustthickening,creamyin-canconsistencyanduser-preferredapplicationpropertiesinbothinteriorandexteriorpaints.Natrosol™Plus330andournewestproductNatrosol™HE3KBaremodifiedHECsthatgoevenfurthertoofferbest-in-classspatterresistanceandsuperiorapplicationproperties.TheNatrosol™familyofproductsarepresentlymanufacturedonthreecontinents,infourstate-of-the-art,high-capacityfacilities.

Ashland’sAquaflow™NSATsareAPEO-freeliquidsyntheticsforthehighestperformancepaintsandindustrialcoatings.Thisline,introducedin1990,hasdeliveredasteadystreamofinnovationsinrecentyearsthatincludeAquaflow™XLS,asecond-generation,solvent-freethickenerofferinghighefficiencywithasuperiorbalanceofflow,levelingandsagresistance.

Beyond Rheology… A Full Portfolio of Performance Additives for Paint, Coatings and Wood Care

Inadditiontorheology,wealsoofferabroadportfolioofperformancefoamcontrolagentsunderthewell-knownDrewplus™brand,Dextrol™andStrodex™surfactantsandwettingagents,Jaypol™co-bindersanddispersants,andpHLEX™pHneutralizers.

Ashlandoffersoneofthemostcomprehensivelinesofbiocidesandpreservativesintheworldforpaints,coatingsandwoodcare.OurestablishedbrandsincludeNuosept™,Proxel™,Fungitrol™,Bodoxin™,Bacillat™andCinon™.Theydeliverrobust,broadspectrumin-cananddryfilmprotectionagainstmold,fungi,algaeandbacteriaforallwaterborneandsolvent-basedformulations.

Ourcomprehensivelineforwoodcareincludeshigh-performancesiloxane-basedfoamcontrolagents,specialtyrheologymodifierswithexceptionalflowandleveling,WetCare™waterrepellencyadditive,SunCare™ligninprotectiontechnologyandAshland’suniqueSunCare™TopCoatUVprotectionadditive,whichformsanano-scaleemulsionoftransparentUVabsorbingparticles.

PaintandCoatings

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As the industry looks to invest in renewable energy technologies while finding

new ways of capturing fossil fuels, Ashland Specialty Ingredients continues to lead the way with cost-effective and sustainable solutions.

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OilandGasTechnologies

At a glance

• Differentiatedsolutionsthroughleadershippositioninsynthetic-,cellulose-andguar-basedoil-wellserviceproductsandextensiveindustryknowledge

• Broadproductportfolioforextremeconditions

• Speciallydevelopedproductsforuseinenvironmentallysensitivelocations

• Functionalityacrossabroadrangeofphysicalandchemicalconditions

• Compatibilitywithvirtuallyallcommonadditivesforoil-wellservicingfluids

• Hydrateandscaleinhibitorsplusacompletelineofamide-baseddrillingadditives

• Cost-effectivemeansofimprovingperformanceofoil-wellservicingfluids

• Nonhazardousproducts(perOSHArequirements)areavailable

Delivering Performance to the Oil and Gas Industry

Withglobalscalebecomingthenewrealityintheoilfieldbusinessandthecontinuingneedfornewtechnology,asinglesolutionthatdeliverscost-effectiveperformanceacrossawiderangeofpH,temperatureandsaltconditionscanhelplessentheburden.Astheworld’sleadingmanufacturerofsynthetic-,cellulose-andguar-basedproductsfordrillingfluids,oil-wellcementslurries,completionandworkoverfluids,fracturingfluidsandproductionchemicals,AshlandSpecialtyIngredientsisuniquelypositionedtocreateasolution.

Ashlandchemistryisusedinmanydistinctapplicationsinoilfields,andwearecontinuallydevelopingnewtechnologiestomeetthechangingneedsofthemarket.

Specializinginchemicalstailoredtocustomerneeds,Ashlandofferstheoilandgasindustrynovelchemistryfordrilling,stimulation,completion,cementingandproductionapplications.Nowmorethanever,formulatorsofoilfieldproductscallonustocustomizepolymers,emulsifiers,specialtysolvents,microcapsulesandbiocidesforoptimalefficiencyincomplexoperations.MajorproductformulatorsalsocallAshlandforbettersolutionsintheareaofsafetyandenvironmentalcompliance.

Ouroil-wellservicingfluidproductsaredesignedtosupporttheoilandgasindustryindeliveringsuperiorandcost-effectivefluidperformanceacrossawiderangeofpH,temperatureandsaltconditions.

OurproductsfortheoilandgasindustryincludeAquaPAC™polyanioniccellulose(PAC),AquaPAC™liquidPAC,AquaFLO™polyanioniccellulose,EcoDura™PLONORliquidadditives,Galactasol™guarandguarderivatives,Klucel™hydroxypropylcellulose(HPC),Inhibex™gashydrateinhibitors,Jaypol™scaleinhibitors,Natrosol™hydroxyethylcellulose(HEC),Natrosol™liquidHEC,Nuosept™biocides,Surfadone™wettingagents,XxtraDura™cementadditives,Techwax™corrosioninhibitors,drillingdetergents,hydrogensulphidescavengers,lubricants,mudthinners,rheologymodifiersandspottingfluidsandTechwax™Aquamudthinners,shaleswellinhibitorsandfrictionreducers.

Ashlandhasoffices,productionfacilities,laboratoriesandspecializedsalesrepresentativesworldwidededicatedtotheoilandgasindustry.Ourapplicationspecialistsareworkinginourlaboratorieseverydaytosupportnewproductinnovationandprovidetechnicalassistanceandadvicetoourcustomers.

BuildingandConstruction

Building the Future Together

Theformulationandperformanceofpremixeddrymortarsrequirestheuseofadditivesthatenhancetheapplicationandfunctionalpropertiesofthesematerials.AshlandSpecialtyIngredientsoffersavarietyofproductsthatimprovethecharacteristicsofmanybuildingproducts,suchastileadhesives,gypsumplasters,renders,self-levelingcompounds,mortars,jointcompoundsandfillers.

Weareamajorproducerandsupplierofcelluloseethers(CEs),redispersiblepowders(RDPs)andcompanionproductsfortheconstructionindustry.AddingevenasmallquantityofoneofourCEs,RDPsorcompanionproductsisofcrucialimportancetotheperformanceofbuildingproducts.Theycontrolpropertiessuchaswaterretention,opentime,workability,adhesion,stabilization,pumping,sagresistance,rheologicalpropertiesandstrength.Inaddition,Ashlandproductsalsoimprovethefinalappearanceandperformance.

Worldwide,Ashlandhasoffices,productionfacilities,laboratories,andspecializedsalesrepresentativesdedicatedtotheconstructionindustry.ApplicationspecialistsareworkinginourlaboratoriesinGermany,India,China,andtheU.S.Theysupportnewproductdevelopment,givetechnicalassistanceandadvicetoourcustomers,andhavestate-of-the-artanalyticalandtestingequipmentattheirdisposal.

Our “Toolbox”

Our“toolbox”consistsofavarietyofproductsthatworktogetherwithourcelluloseetherstoprovideyouwithbetterperformance.Mostoftheseadditivescontinuetoenhancewhatourproductsdobest:controltherheologyofbuildingproducts.Ourtoolboxincludesavarietyofcompanionproducts,likestarchethers,air-entrainingagents,redispersiblepowders,anddefoamersthatimprovetheperformanceofbuildingmaterials.

ImprovingexistingtechnologyandproductsanddetectingmarkettrendsandtranslatingthemintothenextgenerationofadditivesareanongoingeffortatAshland.Withthetoolboxconceptandproducts,wehavemanyoptionsatourfingertips,sowecanprovideyouwiththebestsolutionstodayanddevelopbettersolutionsfortomorrow.

Ourproductrangeconsistsofcelluloseethersandcompanionproducts.TheprimarygroupofcelluloseethersincludesAshlandAquatherm™modifiedcelluloseether,Culminal™andCombizell™methylcelluloseandmethylcellulosederivatives,Natrosol™hydroxyethylcelluloseandNexton™water-solublepolymers.AmongourcompanionproductsareSilipon™air-entrainingagents,Silipur™defoamers,Amylotex™andAqualon™STstarchethers,andAquapas™redispersiblepowders.

At a glance

• Globalleaderinwater-solublepolymersandcelluloseethers

• Extensiveindustryknowledgepairedwithdifferentiatedsolutionsforspecificformulationneeds

• Awidevarietyofproductsthatimprovethecharacteristicsofproductsincludingtileadhesives,gypsumplasters,renders,self-levelingcompounds,mortars,jointcompoundsandfillers

Helping to make coatings more durable, printed material more colorful and crops more abundant, Ashland Specialty Ingredients

is touching lives in countless ways every day.12

PerformanceSpecialties

Making Innovation Possible

Withoneofthebroadestproductportfoliosintheindustry,AshlandSpecialtyIngredientscollaboratescloselywithcustomerstocontinuouslykeepourinnovations–andtheirnewproductpipeline–flowing.Weanticipateandrespondappropriatelytoarangeofmarketdriversthataffecttheirbusinesses,includingconsumertrends,economicpressures,regulatoryissuesandmore.Bycontinuouslydeliveringinnovation,weenablecustomerstodelivernewproductbenefitsandgaincompetitiveadvantageintheirmarketsegments.Inshort,weprovidethechemistry.

Ashlandoffersabroadspectrumoforgano-andwater-solublepolymersthatarederivedfrombothnaturalandsyntheticresources.Ourextensiveproductlineincludesderivatizedcellulosepolymers,synthetics,guarandguarderivativesthatimparteffectivefunctionalitiestoserveawidevarietyofindustrialmarketsandspecializedapplications.

Ourapplicationspecialists,locatedthroughouttheworld,provideourcustomerswithexperttechnicalassistanceusingstate-of-the-artanalytical,testingandevaluationequipment.Withourproductsoftenbeingthesmallestingredientincomplexformulations,ourapplicationspecialistsarethekeytobringingouttheuniqueandhighlyfunctionalperformanceofourproductsthatgofarbeyondtheiradditionlevels.

Inadditiontoourongoingeffortstobetterunderstandhowourproductsareusedineachspecialtyapplication,Ashlandisdedicatedtodevelopingnewproductsandtechnologiestoprovidesolutionsthatsatisfytheneedsofourcustomers.

ManyofAshland’sproductsfunctionasperformanceadditivesthatdeliverhighlevelsofend-uservalueinformulatedproductssuchasthosefoundincoatingsandagriculturalmarkets.Inotherareassuchasplasticsandtextiles,ourchemistryfunctionsasaprocessingaid,improvingthequalityofendproductsandreducingthecostofmanufacture.

At a glance

• Chemistrysolutionsforover20marketsegments

• Corechemistryinpolymers,solvents,biocides,acrylatesandmonomers

• Globalsupportandinnovationteamfocusedonsolvingthemostdifficultproblems

• Worldleaderinmicroencapsulationtechnology

• Worldrenownedactivedeliverysystemsforagriculturalapplications

• Uniquereactivemonomersandpolymersforawidevarietyofcurablesystems

PerformanceSpecialties

Acrylate Chemistry

Ashlandoffersoneofthebroadestportfoliosofhigh-performingacrylatechemistry.Thebreadthofourproductportfoliomeansthatwecanofferchemistrythatishighlytargetedtoparticularapplications.Ourproductsincluderheologymodifiers,dispersants,co-binders,andperformanceenhancersforapplicationsasdiverseaspaintandcoatings,oilfieldchemicals,textilemanufactureandmore.

Adhesives and Sealants

Ashland’spolyvinylpyrrolidone(PVP)chemistryisusedtoproduceadhesivesthatcomplywithenvironmentallyfriendlybuildingstandardssuchasLeadershipinEnergyandEnvironmentalDesign(LEED*).CombinedwithourinnovativereactiveRapi-Cure™reactivediluentsandGantrez™polymersandourhighlyfunctionalAquazol™homopolymers,ouradhesiveproductscanmeetanycustomer’sperformancerequirements.OurAqualon™

MarketsAdhesivesandSealantsAdvancedCeramicsAgrochemicalsCeramics,PotteryandPorcelainCivilEngineeringElectronicsandBatteriesInksandPrintingMembranesMetalProcessingMiningandExtractionPencilsPlasticsPigmentandMineralSlurryStabilizationPulpandPaper

PaperCoatingsSuspensionPolymerizationAdditivesSugarProcessingTextilesWaterConditioningandEffluent

TreatmentWeldingRods

TechnologiesBiocidesandPreservativesCarbonylIronProductsDefoamersIntermediatesMicroencapsulationReactiveChemistrySpecialtySolventsSurfactantsandEmulsifiersUVAbsorbersWater-solublePolymers

• Acrylates• Cellulosics• MaleicAnhydrides• Polyvinylpyrrolidones

cellulosicandguar-basedpolymersaretypicallyemployedasbinders,rheologymodifiersandtackenhancersinlatex-basedandwater-solubleadhesives.Inthesesystems,Aqualon™water-solublepolymersdeliverthesuperiorperformancethickening,improvingsagresistanceandincreasingcohesionaswellasachievingrequiredviscosity.

Performance Specialties Markets and Technologies

PerformanceSpecialties

Advanced Ceramics

Ourproductsareusedinbothadvancedandtraditionalceramicsasbindersandgreenstrengthadditives.Ourorganicadditivesprovideceramicformulationswiththeplasticityrequiredforshapingbyimprovingtheworkabilityofthe materialandincreasingmechanicalstrength.Inhigh-performanceceramicssuchascatalyticconverters,dieselparticulatefiltersandindustrialenvironmentalfilters,Culminal™methylhydroxypropylcellulose(MHPC)andmethylcellulosepolymersexhibitanexcellentbalancebetweenplasticityandshaperetentionduringhigh-temperatureextrusion.Inaddition,Culminal™methylcelluloseandMPHCpolymersactascleanburnoutbinderswithminimalresidue.

Agrochemicals

Today,theagrochemicalindustryistakingabroader,deeperlookatAshland’shigh-performingchemistrythatimprovesthehealthofcropsandtheenvironmentalimpactfromtheirproduction.Weofferarangeofchemistrythatimprovestheperformanceoffungicidesandpesticides.OurR&Dteamiscontinuallysynthesizingnewpolymertechnologieswithpotentialtofurtherbolstertheperformanceofagrochemicalformulations.OurCulminal™methylcellulosepolymers,Natrosol™hydroxyethylcelluloseandKlucel™hydroxypropylcellulosehaveawidevarietyofapplicationsinagriculturesuchasdriftcontrolaidsinsprayformulations,insecticidesandpesticidesandasbindersingranulatedproducts.Inaddition,theirsuperiorfilm-formingpropertiescanbeusedinseedcoatings.

Biocides and Preservatives

Ifaproductismadewithwaterorcomes incontactwithwater,Ashland’sbiocidesandpreservativescanhelpprotectitagainstbacteria,fungusandalgae.Ourofferingspreservebeauty,enhanceperformance,extendproductlifeandprotectusersafety.Ashland’sbiocidesandpreservativesaremarketedundertrustedbrandssuchasNuosept™,Fungitrol™,Bodoxin™,Bacillat™,Bakzid™,Ebotec™andCinon™.Today,ourtechnologyisusedinjustaboutanyapplicationyoucanimagine–fromcoatingsandhouseholdcleaningproductstooilproductionandtextileprocessing.Wearecommittedtotheirsafeandsustainableuseandparticipatefullywiththeworld’sregulatorycommunitiesinprovidingtheresearchanddatarequiredtomeetlocalmandates.

Carbonyl Iron Products

AlthoughAshlandisoneofthelargestglobalsuppliersinspecialtyperformancepolymers,we’realsocommittedtoanumberofhigh-value,low-volumespecializedtechnologiessuchascarbonironpentacarbonyl.Foundinproductssuchasradar-absorbingcompositesusedinstealthaircraftsandvibration-reducingfluidsinpremiumcarshockabsorbers,thesereactionsoffineironparticleswithcarbonmonoxidearechemicalprecursorsforthesynthesisofvariousiron-basednanoparticles.

Ceramics, Pottery and Porcelain

Aqualon™,Blanose™andBondwell™carboxymethylcelluloseproductsareparticularlysuitedforuseasbindersystemsintraditionalceramicsandglazingforthehighgreenstrengththeyimpartatrelativelylowadditionlevelswhileproducingexcellentplasticityandcleanburnoutuponfiring.Ourcelluloseethersarealsoextensivelyusedasbindersinglazingapplicationstoprovideexcellentrheologicalperformance,outstandingadhesivepropertiesandstrongwaterretention.Thesefunctionalitiesproduceastrong,tightbondbetweentheglazeandtheceramicbodywhichpreventsdamagetothesurfacepriortofiring.

Civil Engineering

Incivilengineeringapplicationssuchasspecialfoundations,tunneling,microtunnelingandhorizontaldirectionaldrilling,drillingmudsareusedtoimprovefluidlosscontrol,maintainwallstabilityandenhancetheabilitytosuspendcuttingsandimprovetheabilitytoplugopenformations(thixotropicproperties).Ashland’sAquaVIS™solidandliquidpolymerproductsareusedextensivelyasadditivesintheseapplicationstothickenthebentonitedispersiontoactasabarriertoopenformations,improvefluidlosscontrolandprovidewallstability.Theadditionofourwater-solublepolymersbooststheperformanceofbentonitethroughfluidlosscontrol,increasedsheerthinning(increasedpumpability)andstabilizationofthemudsuspension.

14

PerformanceSpecialties

Electronics and Batteries

Astheglobalelectronicsmarketexpands,Ashlandiswell-positionedtohelpmanufacturerstomoreefficientlyrolloutproducts.WesupplycriticalchemistrysuchasNMP,PVPandotherrawmaterialsusedinpackagingandassemblymaterials,siliconwafers,low-Kdielectricinterlayermaterials,chemicalmechanicalplanarization(CMP)andothers.Ashland’sAqualon™ethylcellulosepolymersareorganicsolvent-solublederivativesofcellulosethatactasbindingagentswithverycleanburnoutperformanceinthickmetalandspecialtyelectronicpastes.Thesebindersareusedinthemanufactureofmulti-layerceramiccapacitors,plasmadisplaypanelsandsolarcells.Continualimprovementsinthemanufacturingprocessqualitycontrolsystemshaveresultedinhigh-qualityproductswithexcellentsolubilityinnumeroussolventsystems.

Inks and Printing

Ashlandsuppliesperformance-enhancingpolymersforavarietyofinks.Theseproductsallowtheleadingprintinginkmanufacturerstodesignproductsthataremoredurable,brighterandprintbetter.Ashland’sAqualon™ethylcelluloseisakeyingredientingravureprintinginksaswellasathickeningbinderinflexographicandscreenprintinginks.Inthisapplication,Aqualon™ethylcellulosepolymersprovideadhesion,enhancedpigmentdispersion,fastsolventrelease,improvedglossand

outstandingviscositycontrol.Ashlandisattheforefrontofdigitalinktechnology,providingradiation-curablechemistryforthesehigh-valueformulations.

Duetoenvironmentalconcernssurroundingthevolatilityofalcoholsinfountainsolutions,thereisincreaseddemandforcleanersubstitutes.Ashland’sAmbergum™water-solublepolymerscomefromareliable,stablerawmaterialsourcetoprovidecleanviscositycontrolanduniquerheologyingummingandfountainsolutions.Theseexcellentwettingagentshelppreventemulsificationandbleedingoftheinktoprovidemoreuniformwettingoftheprintingplateandyieldahighprintqualityandrich,solidcolor.Surfadone™wettingagentscanalsobeusedasahighlyeffectivedynamicwetterforsuchapplications.

Membranes

Whenhigh-purityliquidsorgasesarerequired,manufacturersoftenremovecontaminantswithmicroporousmembranes.AtAshland,wearebuildingonastrongfoundationinPVPpolymer andNMPsolvents,whichareusedto makemembraneswhichremovecontaminantsthatrangeinsizefrom1µmto0.001µm.Wearewell-positionedinthishigh-growthmarket.

Metal Processing

Whenmetalworkingprofessionalsneedabetterwaytocut,quenchorclean,Ashlandistheretohelpwithbiocides,intermediatessuchasbutynediol,solvents,emulsifiersandpolymers.Offeringachoiceofsingle-activeandblendedsolutionsbackedbyregulatoryexpertiseandexcellenttechnicalservice,Ashlandsupportstoolsetting,sumpmaintenanceandmetalcooling,handlingandcleaning.

Microencapsulation

Whenmanufacturerslookforuniquewaystodifferentiatetheirendproductsinperformanceandaesthetics,Ashland’smicroencapsulationtechnologycansetthemapart.Thesecustom-manufacturedproductscanimpartuniquebenefits.Availableasmicrobeadsandmicrocapsules,ourtechnologycanisolateanddeliveravarietyofingredientstoconsumersandindustrialusers.

Mining and Extraction

Ashland’scelluloseethersandguarpolymersareusedinnumerousmineralandminingprocessingapplicationsincludingelectro-winning,frothflotation,ironorepelletizationandtailingsflocculation.Inganguedepressantapplications,lowdosagesofourwater-solublepolymerscanprovideanincreaseinboththequalityandquantityofthevaluablemineralcomponentfloatedbydeactivatingthesurfaceofundesirableimpurities.Asaresult,separationoftheganguefromthevaluableoreisgreatlyimproved.Tacabind™pelletbinderprovidesexcellentbindingperformanceintheformationoftaconiteironorepellets,impartsbothdryandwet(green)strengthand,moreimportantly,doesnotcontributeunwantedsilicatothefinalproduct.

Plastics

Ashland’schemistryadvancesperformancewithoutaddingtothecostofPVC,PE,PCandPMVEplastics.WeofferadvancedpolymertechnologiessuchasFlexidone™300plasticizerandapathtofutureinnovations.Infast-growingmarketssuchaswood-plasticcomposites,Ashlandsetsthetrendwithanon-metallicfungicidecalledPlastiGuard™410PEP.It’sanexampleoftheexcellentreplacementchemistryoffertothebiocidesmarketplace.Basedon3-iodo-2-propynylbutylcarbamate(IPBC)chemistry,thisproductprovides10ormoreyearsofprotectioninmold-inducing

environments.Atthesametime,itmeetsmanufacturers’requirementsforease-of-use,goodperformanceandexcellentvalue.Our1,4butanedioliswidelyusedinplasticssuchasPBTandpolyurethaneandwithinthegrowingbio-basedpolymermarketforpackagingapplications.

Pulp and Paper

Ashland’sAqualon™carboxymethylcelluloseisusedtoincreasethedryandwetstrengthofaspecificpaperproduct.Itcanbeaddedinthepulpersorinthestockwhereitgreatlyenhancesthedurabilityandstrengthofthefibers.Aqualon™carboxymethylcelluloseandNatrosol™hydroxyethylcelluloseproductsarealsofrequentlyusedoncalendarstacksforcurlcontrolinspecialtygradesofpapersuchasfoodpackaging(forgrease-proofing)andincarbonlesspapersforinkenhancement.

Specialty Solvents

SolventsareacornerstoneofAshland’sspecialtiessolutionsbusiness,andweofferoneofthewidestselectionsforavarietyofapplications.ProducedatourTexasCity,Texasfacility,ourlineincludesultra-highperformingproductssuchasN-methylpyrrolidone(NMP),aversatilesolventtechnologywithawidesolubilityrange;tetrahydrofuran(THF),aninertsolventfornumerouspolymerandorganometallicreactions;andBLO™(gamma-Butyrolactone)polarsolventforionicsubstrates.Ashland’s

solventsareusedinvirtuallyeverymarketweserveincludingcleaningformulations,agrochemicalproducts,paintandcoatings,inksandadhesives.

Textiles

Ashlandprovidesafullrangeoftechnicalservicesandproductsusedineverystageoftextilemanufacturing,includingpretreatment,bleaching,drying,soaping,printingandfinishing.AshlandhasbuiltonthissuccesswiththeadditionofnewproductssuchasJaypol™scaleinhibitors,whichboastexceptionalvalue,andsolutionproductsforspecialtyfinishapplicationsinstonewashingandbio-polishing.

Ashland’sBlanose™carboxymethylcelluloseandGalactasol™guarareusedforthickeningandrheologycontrolfortextileprintingcolorformulations.Theexcellentwashoutandminimaldustingofthesepolymersensureadhesionofthedyetothefibersandoptimumprintqualitytosecurethewebintegrityofnon-wovenfabrics.

PerformanceSpecialties

16

AdvancedMaterials

Radiation Detection Systems Offer Treatment Assurances

MostpeopleknowAshlandSpecialtyIngredientsforourspecialtychemicals,butmanyothersunwittinglybenefitfromouradvancedmaterialsbusiness,whichprovidescriticalmedicalproductsthathelpprotectpatientsaswellasagriculturaltechnologytosafeguardcrops.Asaleaderinthesesegments,weareconstantlysettingthebarinperformanceandquality.

Providing Health Care Workers the Best Tools

DevelopedwithproprietaryAshlandtechnology,theGafchromic™radiochromicfilmproductlineandthecomplementaryinnovativeFilmQA™softwareareusedinradiotherapyandradiologyapplicationstodocumentandensurethatpropersafetyprotocolsarefollowed.Ourprocess-less,radiation-sensitivefilmsofferindependenttoolsformeasuringradiationdosesintherapeuticanddiagnostictreatmentfields.

TypicalapplicationsincludeverificationofradiationtherapytreatmentplansusingGafchromic™EBT-seriesfilm,skinpeakdosedeterminationininterventionalradiologyusingGafchromic™XR-RV3filmandqualityassuranceprogramsforradiation-producingequipmentusingGafchromic™XR-QA2andRTQA2films.Asconcernsriseaboutexcessiveradiationexposureofpatientsduringtheseprocedures,Gafchromic™filmscanbeutilizedtodocumentandensurethatproperprotocolsarefollowed,therebyincreasingpatientsafety.

Seeing Is Believing: Visual Indication of Radiation Exposure

Intheareaofbloodtransfusions,ourRad-Sure™indicatorsprovidepositivevisualverificationoftheirradiatedstatusofbloodunits.Aneffectivewaytoassurecaregiversthatpatientsdon’tcontracttransfusion-associatedgraft-versus-hostdiseasefromatransfusion,theindicatorsarecomplementedbytheDose-Map™calibrationsystem,whichvalidatestheperformanceofbloodirradiatorsbymappingtheirirradiationfields.

WorkingwiththeU.S.DepartmentofAgriculture,wehelpeddeveloptheSterileInsectTechnologyprogram,anenvironmentallyfriendlymethodofinsectcontrolthateliminatestheneedforpesticidesonfruitsandvegetables.Byverifyingtheirradiationdose,ourSterin™indicatorshelpensurethatonlysexuallysterilemaleinsectsarereleased.

At a glance

• Uniquelineofmedicaldevicesbasedonproprietaryprocessor-lessfilmtechnology

• Userfriendlyandsuperiorperformance

• Widelyacceptedasthebenchmark2-Ddosimeterforradiationtherapyandradiologyapplications

• Visualindicatorsthatenablequickverificationoftheirradiationoftransfusedblood

The Rad-Sure™ indicators and Dose-Map™ calibration system help ensure the safety of blood products.

Process-less, radiation-sensitive film technology improves patient care.

17

18

IndustrialChemicals

At a glance

• Verticallyintegratedforproduction ofspecialtysolventsincludingTHF, BLOgamma-Butyrolactone,NMP,N-Ethyl-2-Pyrrolidone(NEP)andourspecialtypolymers

• Efficient,low-costmanufacturerwithtwodifferentworld-scaleBDOmanufacturingprocesses

• Expertandefficientmanufacturingcapabilities

• Dedicatedsalesforceknowledgeableinglobaltrends,marketdriversandrawmaterialcosts

• InnovativenewtechnologiesandproductsincludingNEPandpotentialproductsforbio-basedBDO

An Integrated Global Manufacturing Footprint Provides Assurance of Supply

Withverticalintegrationinthemanufactureofbutanediolandderivatives,AshlandSpecialtyIngredientsisaglobalindustrialchemicalsleaderofferingacomprehensiveportfolioofbutanediol(BDO)andderivativesincludingBDO,tetrahydrofuran(THF),N-Methylpyrrolidone(NMP),andBLO™gamma-Butyrolactone.Withmorethan40yearsofexperienceinthismarket,wesupplychemicalstobothcaptiveandmerchantcustomersinavarietyofapplications,includingthoseinengineeringplastics,pharmaceuticals,personalcare,beverage,coatings,oilfieldandothers.Aclosepartnertocustomersworldwide,wearelongrecognizedasatrustedsupplierinthesesegments.

Avaluableintermediate,BDOanditsderivativesareusedtomanufactureautomobileparts,medications,constructioncements,agricultureproductsandavarietyofconsumerproductsincludingfootwear,sportswear,electronicsandcleaningsolvents.

Ashland’sefficient,high-qualityBDOmanufacturingcapabilitieshaveenabledustomaintainourleadership.Withplantsaroundtheworld,ourintegratedmanufacturingnetworkprovidescustomersasinglepointofcontactfortheirrawmaterialneeds.

Committed to the Chemical Business From the Reactor Up

ThereputationofAshlandasastableandstrongcompanyisderivedinpartfromourfoundationinindustrialchemicalmanufacturing.Ashland’sBDOandsubsequentspecialtychemicalproductionrepresentsatremendousinvestmentinmanufacturingassetsandlong-termcommitmenttothechemicalindustry.

Ourvaluechainbeginswithefficientmanufacturing,continuesthroughverticalintegrationandfindscompletioninourinnovativedownstreampolymers.Ateverystep,Ashlandprovidesahigh-quality,service-orientedpartnershipapproachtoourcustomersacrossnumerousindustriesandaroundtheworld.

Ashland’s processes and state-of-the-art equipment ensure customers receive the highest quality industrial products.

19

GlobalManufacturing

Diverse, Integrated and Continuously Improving to Meet Customer Needs

Atourmanufacturingfacilitiesworldwide,Ashlandproducesanincrediblybroadrangeofproducts,fromregulatedactivepharmaceuticalingredientstohigh-volumeindustrialchemicals.Thisisachievedbydedicated,highlyqualifiedpeopleemployingwell-refinedtechnologyinsophisticatedmanufacturingfacilities.Ashlandbringsatrackrecordofefficiencyanduncompromisedqualitytoeverythingweproduce.Ourfacilitiesaremodernandverticallyintegrated,allowingustoofferworld-classeconomiesofscalewhereweneedthem.Wealsomaintainhighlyspecializedmanufacturingfacilitiesthatproducesomeofthemostcomplexchemistriesintheindustry.

AtAshland,wearecontinuouslyinvestingtoimproveourproductqualityandoverallsustainability.Capitalandorganizationalresourcesarecarefullyfocusedanddirectedtoincreasemanufacturingcapabilities,improveoperationalefficiencies,upgradeproductionfacilitiesandconsistentlymeetproductrequirementstobestmeettheneedsofourcustomers.

Commitment to Quality

Continuousproductqualityimprovementisafundamentalcomponentofallmanufacturingactivities,andAshlandSpecialtyIngredientsutilizesSixSigmaandothercontinuousimprovementmethodologies.Ourproductandprocessimprovementteamsarewell-establishedatallproductionfacilities,wherecustomer-focusedteamsuseindustry-leadingmethodstoidentifyopportunities,improveprocessesandenhanceproductperformance.

Safety is Paramount

OperatingsafelyandincompliancewithallsafetyrequirementsisamustatallAshlandmanufacturinglocations.Providingsafetyleadershipisafundamentalpartofourbusinessandwerequireallemployeestotakeresponsibilityandownershipfortheirsafetyandforthosearoundthem.Thisrelentlesseffortbenefitsfromwell-developedsystemsandnewapproachessuchasbehavior-basedsafety,whichhelptoensurethecommitmentandsafetyofeveryemployee.

Responsible to the Community

AshlandsupportstheprinciplesandethicsofResponsibleCare*,aglobalinitiativetoadvancethesafeandsecuremanagementofchemicalproductsandoperations.Ashlandisfirmlycommittedtohavingapositiveimpactonthecommunitiesinwhichweoperateandsocietyasawhole.Werecognizetheneedforenvironmentalmanagementandconservationofresourceseverywhereweoperate.

We continuously invest to improve the quality and sustainability of

the materials we produce.

A Few Manufacturing Highlights

Ashlandoperates:

• Multipurposeanddedicated-usereactorswithbroadtemperatureandpressureoperationranges

• State-of-the-art,large-scaleinertspray-dryingtechnology

• Theworld’slargestfluidizedbedreactor

• Geminox™advancedbutaneBDOconversiontechnology

• RedundantmanufacturingfacilitiesintheU.S.andEuropeforkeyrawmaterialsandselectedproducts

• MultipleU.S.FoodandDrugAdministration-registered,cGMPfacilitiestwoofwhichareregisteredwiththeU.S.DrugEnforcementAgency

We produce a product family of over 20,000 SKUs!

If you want to know what’s ‘new’ at Ashland Specialty Ingredients, take a broad,

deep look at the company’s R&D effort.20

ResearchandDevelopment

Targeted Innovation for Global Markets

Wanttoknowwhat’snewatAshlandSpecialtyIngredients?Justtakealookatthecompany’sinvigoratedresearchanddevelopmenteffort.Inrecentyears,R&DatAshlandhasbeentransformedwiththeadditionofanumberofworld-classscientistsworkingtogetherwithourseasonedveteransinacollaborativeglobalnetwork.Today,Ashlandhasover400highlyqualifiedprofessionalsfocusedondevelopingnewchemistries,market-changingtechnologiesandcustomer-drivensolutionsatkeycentersintheAmericas,EuropeandtheAsiaPacificregion.

Ashlandisdevelopingsolutionsinabroadvarietyofapplicationareas.ClosecollaborationwithleadersintheindustriesweservehelpsAshlandidentifythechallengesmostpressingtoourcustomersandindevelopingtechnologiestoaddressthesechallenges.Thenumberofnew,originalpatentsfiledbyAshlandincreaseddramaticallyinrecentyears.

AspartofourR&Deffort,Ashlandmaintainsanactiveprogramofcollaborationwithacademiaandprivateindustryinawiderangeofscientificdisciplines.Additionally,ourVincience™biofunctionalsfacilityprovidesafullcomplementoftestingservicestopersonalcareproductcompaniesinneedofend-to-endsolutions.

Open Innovation Effort

Ashlandrecognizesthatexcellenttechnicalworkonnewingredientchemistriesandadvancedapplicationsisbeingconducteddailyinavarietyofinstitutionsaroundtheworld.Wealsoknowthatthebestwaytomeetamarketneedmaybethroughuseofanewtechnologybeingdevelopedbysomeoneotherthanourownscientists.Ourunderstandingoftheendmarketsandapplicationsenablesustodevelopproductsusingawidevarietyofchemistriesandtechnologies,andweareactivelypartneringwithexternalR&Dorganizationstobringvaluablenewproducttechnologiestomarket.

Molecular Science

ThefocusoftheMolecularSciencegroupisbasicR&DtosupportnewandexistingchemistriesforuseintheindustriesAshlandserves.Manyoftheseproductsarebasedonspecialtychemistrytechnologiesdevelopedinrecentyears.TheprofessionalsoftheMolecularSciencegrouparedrawnfromabroadrangeofscientificdisciplines.

At a glance

• Over400highlyqualifiedprofessionalsfocusedondevelopingnewchemistry,market-changingtechnologyandcustomer-drivensolutions

• KeytechnologycentersintheAmericas,EuropeandtheAsiaPacificregion

• Anactiveprogramofcollaborationwithacademiaandprivateindustry

• Afullcomplementoftestingservicesforpersonalcareproductcompaniesinneedofend-to-endsolutions

20

ResearchandDevelopment

Analytical Science

TheAnalyticalSciencegroupatAshlandistheheartofthecompany’sefforttoturnbreakthroughsinchemicalandbiologicalscienceintoproductsthatcanbecommercializedforthemarketplace.Ashlandmaintainsastate-of-the-artanalyticalsciencelaboratoryatourTechnologyCenterinWayne,NewJerseyandourlargestanalyticalsciencelaboratoryinWilmington,DelawarebothintheU.S.andsatelliteoperationsatourlaboratoriesaroundtheworld.

Materials Science

TheMaterialsSciencegroupatAshlandfocusesonunderstandingthefundamentalpropertiesofourchemistriesandtechnologiesandthewaysinwhichtheyfunctionincustomerprocessesandproducts.Thegroupisactiveindevelopingnewmethodologiesforevaluatingthepropertiesofthematerialswedevelopandtheirbehaviorinend-useenvironments,aswellasnewapproachesforclaimsubstantiation.

Consumer Science

Consumerslooktopersonalcareproductmarketersforever-evolvinginnovationsthatbeautify,nourishandprotect.Ashlandisfocusedoncustomercollaborations,newproductlaunchesandnovelapplications.Byexpandingcurrentsaloncapabilitiesinskincareandcolorcosmetics,we’remeetingkeycustomerrequirements,bridginginstrumentalmethodswithconsumerperceptionandinterfacingwithexternaltestingfacilities.

Biological Research

TheBiologicalResearchgroupatAshlandfocusesonunderstandingthebiologyofskinandofhairfolliclestodevelopbiofunctionalingredientsforpersonalcare.Genomics,proteomics,cellularbiology,immunohistochemistry,imagingtechniquesandothercutting-edgeresearcharepairedwithhumanclinicalevaluationstodeepenAshland’sknowledgebase.

Applications Development

OurApplicationsDevelopmentgroupisthecriticalconnectiontocustomermarketsandformulationsforwhichourinnovationeffortsarefine-tunedtodelivermaximumvalue.Expertsdrawnfromourcustomerindustrieshelpdeveloptechnicalpackagesfornewproductofferingsandtransfertechnologyfromonemarkettoanotherwhenpotentialisidentified.Ashlandhasapplicationsdevelopmentpersonnelatregionallaboratoryfacilitiesaroundtheworldtoassistwithlocalrequirementsforproductformulations.

Encapsulation Science

Astheworldleaderinmicroencapsulationtechnology,Ashland’scapabilitiesrangefromconcepttofull-scaleproduction.Ourtechnologiesdelivermanyfunctionstovarioussubstratessuchasskin,hairandtextile.Microencapsulationprovidescontrolledreleaseandprotectionofactiveingredientsfromthesurroundingformulation.Ashlandofferscustomizedsolutionsforpersonalcare,oralcareandhouseholdproducts.

PeopleandCulture

22

This Is How We Work, Every Day, Around the World

Inmorethan100countries,thepeopleofAshlandprovidethespecialtychemicals,technologiesandinsightstohelpcustomerscreatenewandimprovedproductsfortodayandsustainablesolutionsfortomorrow.

Webelieveinabasictenetofservice:whenthecustomer’sbusinessgrows,ourbusinessgrows.Youwillfindoursolutionsatworkinawidevarietyofmarketsandapplications,includingarchitecturalcoatings,automotive,construction,energy,personalcare,pharmaceutical,tissueandtowel,andwatertreatment.

GoodchemistryiswhatmakesAshlanddifferentandwhatmakesusbetter.It’shappeningeverydayinAshland’slabs,officesandproductionfacilities.It’sterrificpeoplewhoarepassionateaboutwhattheyaredoing–peoplewhocollaborateacrossgeographicalandorganizationalboundariestocreatecompetitiveadvantageforourcustomersanywhereintheworld.

Acrosstheglobe,manyofourR&Dandtechnicalserviceprofessionalsarerecognizedasthoughtleadersintheirfield,possessingstrongcomprehensionoftheeverydaystrugglesourcustomersfaceandpotentialsolutionsthatgivethemacompetitiveadvantage.Moreover,oursales,serviceandsupportteamsworkcloselywithcustomerstoquicklyimplementandvalidatetheirproductselection.

Becauseofouremphasisonaccountability,allofouremployeesadheretoourValues andOperatingPrinciples,whichwerecarefullydevelopedbyourseniorleadersto addresstheneedsofourcustomers,thecommunitiesinwhichweworkandliveand ourownemployees.ThesefundamentalsarethefoundationonwhichAshlandoperatesandprospers.

Our Vision: What We Seek to Become

Ourvisionistobeviewedasthebestspecialtychemicalcompanyintheworld.

Our Values: Who We Are–Weactwithintegrityandhonesty.

–Wefocusoncustomerandshareholdersuccessandcompetetowin.

–Werecognizeeachpersonforthedifferenceheorshemakes.

–Wedriveinnovationandresultsbyunderstandingthemarketanditsopportunities.

–Wearecommittedtothevaluesofresponsibility,sustainabilityandtransparency.

–Wecreatesafeandhealth-consciousworkenvironments,requirecomplianceandembraceenvironmentalstewardship.

Our Operating Principles: How We Work–Weoperateincompliancewiththelaw

andadheretohighethicalstandards.

–Weassesstheimpactoncustomersandsocietywhenmakingdecisions.

–Weareexternallyfocused.Ourbusinessesaredefinedbymarkets.

–Weareprocess-centered.Ourprocessesaredesignedtooptimizeglobalperformance.

– AshlandleadersarefirstresponsibletoAshlandandsecondtoabusiness,resourcegrouporprocess.

–WeareledbyanExecutiveCommitteethatenforcesourprinciples,setsourstrategyandmanagesourcapital.

–Weareunitedbyourcommonvision,mission,valuesandoperatingprinciples.

It’s terrific people who are passionate about what they are doing – people who collaborate across geographical and

organizational boundaries to create competitive advantage for our customers anywhere in the world.

23

OurGlobalPresenceAshland Specialty Ingredients

Global FootprintManufacturing FacilitiesNorth America Huntsville, Alabama Wilmington, Delaware Dalton, Georgia Calvert City, Kentucky Columbia, Maryland Freetown, Massachusetts Chatham, New Jersey Parlin, New Jersey Columbus, Ohio Lima, Ohio Kenedy, Texas Texas City, Texas Hopewell, Virginia Leaside, Canada

Latin America Cabreuva, Brazil

Europe Doel-Beveren, Belgium Alizay, France Sophia Antipolis, France Marl, Germany Horhausen, Germany Memmingen, Germany Zwijndrecht, Netherlands Newton Aycliff e, United Kingdom Poole, United Kingdom

Asia Pacifi c Jiangmen, China Nanjing, China Luzhou, China (Joint Venture) Suzhou, China (Joint Venture)

Research and Development/ Technical Service CentersNorth America

• Wilmington, Delaware*• Columbia, Maryland• Wayne, New Jersey*• Toronto, Canada

Latin America• São Paulo, Brazil• Mexico City, Mexico

Europe• Paris, France• Sophia Antipolis, France*• Düsseldorf, Germany*• Memmingen, Germany• Barendrecht, Netherlands• Zwijndrecht, Netherlands*• Istanbul, Turkey• Tadworth, United Kingdom• Bradford, United Kingdom*

Asia Pacifi c• Jiangmen, China• Nanjing, China• Shanghai, China*• Hyderabad, India*• Mumbai, India*• Pantech, Singapore

* Center of Excellence

Ashland Specialty Ingredients Global Footprint

Manufacturing FacilitiesNorth America Huntsville, Alabama Wilmington, Delaware Dalton, Georgia Calvert City, Kentucky Columbia, Maryland Freetown, Massachusetts Chatham, New Jersey Parlin, New Jersey Columbus, Ohio Lima, Ohio Kenedy, Texas Texas City, Texas Hopewell, Virginia Leaside, Canada

Latin America Cabreuva, Brazil

Europe Doel-Beveren, Belgium Alizay, France Sophia Antipolis, France Marl, Germany Horhausen, Germany Memmingen, Germany Zwijndrecht, Netherlands Newton Aycliff e, United Kingdom Poole, United Kingdom

Asia Pacifi c Jiangmen, China Nanjing, China Luzhou, China (Joint Venture) Suzhou, China (Joint Venture)

Research and Development/ Technical Service CentersNorth America

• Wilmington, Delaware*• Columbia, Maryland• Wayne, New Jersey*• Toronto, Canada

Latin America• São Paulo, Brazil• Mexico City, Mexico

Europe• Paris, France• Sophia Antipolis, France*• Düsseldorf, Germany*• Memmingen, Germany• Barendrecht, Netherlands• Zwijndrecht, Netherlands*• Istanbul, Turkey• Tadworth, United Kingdom• Bradford, United Kingdom*

Asia Pacifi c• Jiangmen, China• Nanjing, China• Shanghai, China*• Hyderabad, India*• Mumbai, India*• Pantech, Singapore

* Center of Excellence

At a glance

• Trulyglobalmanufacturingandtechnologyfootprint

• Best-in-classtechnicalservice

• Abilitytodevelopanddeliversophisticated,performance-enhancingchemistryacrossmorethan30differentindustries

• Leveragedworldwidecapabilitiestoprovideevenhighervaluetoourcustomers

Ashland Specialty Ingredientsashland.com

Global Headquarters8145 Blazer DriveWilmington, DE 19808 Tel: +1 877 546 2782 (Orders) +1 800 345 0447 (Product Information)Fax: +1 302 992 7507

® Registered trademark, Ashland or its subsidiaries, registered in various countries™ Trademark, Ashland or its subsidiaries, registered in various countries* Trademark owned by a third party© 2011, AshlandPC-11221

All statements, information and data presented herein are believed to be accurate and reliable, but are not to be taken as a guarantee, an express warranty, or an implied warranty of merchantability or fitness for a particular purpose, or representation, express or implied, for which Ashland Inc . and its subsidiaries assume legal responsibility .

Environmental,Health, SafetyandSecurityAdvancing the Safe and Secure Management of Chemical Products and Operations Wherever We Do Business

Goodethicsmakesforgoodbusiness.BasedonmetricsfromtheResponsibleCare*initiative–administeredintheU.S.throughtheAmericanChemistryCouncil(ACC)–companiesthatadheretoGuidingPrinciplesofResponsibleCareprofitfromitstried-and-trueriskmanagement.AshlandisamonghundredsofcompaniesworldwidethathavecommittedtoimplementingaResponsibleCaremanagementsystemtoimproveenvironmental,health,safetyandsecurity(EHS&S)performanceacrosstheentirevaluechainofourbusinesses.

AsamemberofACC,AshlandhasembracedtheResponsibleCareinitiativeinitsownperformanceand,withothers,helpedreshapetheEHS&Sperformanceofthechemicalindustryasawhole.Publicconcernsareopenlyaddressed,andspecificinformationanddataareopenlyshared.Theaggregatestatisticsarecompelling.Forexample,ResponsibleCarecompaniesintheU.S.havereducedemissionsofallhazardousairpollutantchemicalslistedontheEPAToxicsReleaseInventoryby75percentsince1988evenwhileproductionhasincreased38percent.

Ashlandmaintainsthird-partycertifiedglobalgroupRC14001(includesISO14001)andOHSAS180001certificateswhichencompassheadquarters,technicalcentersandmanufacturingoperations.Presently,thirty-threefacilitiesarecertifiedwithanotherthirty-fivefacilitiesunderevaluationbythethird-partycertifierin2011.Ashlandexpectstohaveallremainingfacilitiesfullyimplementedandaddedtothegroupcertificateby2015.

“Responsible Care companies are committed to worker safety. They are more than four times safer than the average of the

U.S. manufacturing sector as a whole, and more than twice as safe as the business of chemistry overall.”

— www.americanchemistry.com