• Simple, robust and reproducible process for high-quality field joints
  • Facilitates widest end-to-end temperature range for wet insulation
  • Meets industry need for installation and operation under extreme temperatures

HOUSTON, Texas – February 12, 2013 – Dow Oil, Gas & Mining (NYSE: DOW) and PIPELINE INDUCTION HEAT LTD (PIH) (part of the CRC-Evans® group of companies) are pleased to announce a simple and robust field joint coating process for DOW NEPTUNE™ F Advanced Subsea Flow Assurance Insulation. PIH demonstrated the field joint coating process at full production scale on 8-inch line pipe coated with NEPTUNE P Flow Assurance Insulation at its facilities in Burnley, UK, in early January. The robust, reproducible process resulted in high-quality field joints, in line with PIH and Dow Oil, Gas & Mining's expectations.

"PIH and Dow have a long history of collaborating to bring innovation to offshore oil and gas production," said Tony Pontefract, Director of Business Development, PIH. "Through our collaboration on NEPTUNE F Insulation, we now have the ability to offer customers a simpler, reproducible field joint coating process, competitive cycle time, high mobility and a compact equipment footprint, facilitating an end-to-end flow assurance system that performs at both high and low temperature extremes."

With components designed for use together as line pipe, field joints and subsea architecture coatings, the complete NEPTUNE Advanced Subsea Flow Assurance Insulation System protects assets from well head to delivery point, and offers the widest end-to-end installation and operating temperature range of any wet insulation system on the market. It possesses excellent physical properties, remaining highly flexible down to -40°C (-40°F), and retaining excellent thermal stability for service temperatures of at least 160°C (320°F). The system was developed by Dow in cooperation with leading industry coating applicators, including PIH, a noted expert in polyurethane field joint coating for the subsea oil and gas industry.

"Dow has a long track record in offshore flow assurance insulation with HYPERLAST™ Offshore Systems, so we knew that field joint coating would be critical to delivering an end-to-end concept," said Alexander Lane, Global Business Leader for Oil & Gas Transmission. "Working with PIH on the development of NEPTUNE™ F Insulation for field joint coating created a match of material science and application expertise that was instrumental in bringing forward a technology that would raise performance while maintaining application efficiency and reliability."

NEPTUNE F Insulation was developed at Dow laboratories in Freeport, Texas, and at new PIH R&D facilities in Burnley, UK, where PIH has invested in state-of-the art equipment to support the new technology offering. Featuring a single, robust and easy-to-apply homogenous layer of proprietary insulation over a proprietary fusion bonded epoxy, the NEPTUNE System for line pipe and field joint coating together eliminates the need for multiple and adhesive tie layers, contributes to a thinner coating profile and maintains a consistent low K-factor from tree to line pipe to field joint, thus reducing the potential risks associated with bonding dissimilar and potentially incompatible materials.

"We're very pleased to have been involved in the development of NEPTUNE F Insulation from the start," said Pontefract. "We are very comfortable with the resulting field joint coating process and our ability to deliver it to our customers in the field, which is PIH's historic strength."

For more information about NEPTUNE™ Advanced Subsea Flow Assurance Insulation System, please visit www.DowFlowAssurance.com/NEPTUNE. For more information about Pipeline Induction Heat, visit www.pih.co.uk.

About Dow Oil, Gas & Mining

Dow Oil, Gas & Mining is committed to maximizing value for our customers by offering innovative, customized solutions tailored to the ever-evolving needs of the oil, gas and mining industries. Backed by the proven resources of The Dow Chemical Company and its consolidated subsidiaries, Dow Oil, Gas & Mining offers advanced chemical innovation and exceptional service. More information about Dow Oil, Gas and Mining can be found at www.DowOilandGas.com and www.dow.com/mining.

About Dow

Dow (NYSE: DOW) combines the power of science and technology to passionately innovate what is essential to human progress. The Company connects chemistry and innovation with the principles of sustainability to help address many of the world's most challenging problems such as the need for clean water, renewable energy generation and conservation, and increasing agricultural productivity. Dow's diversified industry-leading portfolio of specialty chemical, advanced materials, agrosciences and plastics businesses delivers a broad range of technology-based products and solutions to customers in approximately 160 countries and in high growth sectors such as electronics, water, energy, coatings and agriculture. In 2012, Dow had annual sales of $57 billion and employed approximately 54,000 people worldwide. The Company's more than 5,000 products are manufactured at 188 sites in 36 countries across the globe. References to "Dow" or the "Company" mean The Dow Chemical Company and its consolidated subsidiaries unless otherwise expressly noted. More information about Dow can be found at www.dow.com.

About PIPELINE INDUCTION HEAT

Pipeline Induction Heat Ltd (PIH), a CRC-Evans Company, is a contracting company specializing in the onsite application of anti-corrosion coatings, heat treatment and other support services during construction of onshore and offshore oil, gas and product pipelines. A truly global company, PIH provides services to pipeline construction contractors working on offshore lay barges and at onshore spool bases as well as on overland pipelines. We continually work with our customers and coating material suppliers to develop innovative and relevant technologies that fulfill and often exceed today's demanding field joint coating requirements. PIH has long been associated with providing onshore and offshore services for all the major pipeline construction contractors and has earned a reputation for quality, performance and reliability in the services we provide. More information can be found at www.pih.co.uk.

For Editorial Information:

Lisa Gill
Dow Oil, Gas & Mining
t +1 281.966.4822

Christina Atkinson
Gibbs & Soell Public Relations
t + 1 212 .697.2600