Campion Marine Selects Ashland's Envirez® Bio-Based Resin For All New Boat Construction Campion Marine to Build World's First Bio Resin, Bio Diesel Powered Boat

January 17, 2010 - Kelowna, BC

Campion Marine Inc., Canada's largest fiberglass boat builder, is proud to announce that it will become the first boat builder in the world to manufacture all of its boats with Envirez®, a renewably sourced bio-derived resin from Ashland Performance Materials. Envirez resin is the first resin that uses a substantial amount of soybean oil and corn derived ethanol in its formulation.

"Ashland's bio-based resin delivers the performance characteristics we want for our boats and it reduces our reliance on petroleum-based counterparts," said Brock Elliott, General Manager of Campion Marine. "We are putting Envirez resin in all our boats, not only because of its superior performance relating to strength and elongation, but because it's the right thing to do for our world." Research shows that the move to Envirez resin by Campion will eliminate over 100,000 pounds of C02 from entering the atmosphere.

"We are pleased to be working with a great company like Campion to bring this technology to the boating public," said Mike Wallenhorst, Director of Product Management, Ashland Performance Materials. "Envirez is a fantastic product that offers outstanding toughness and is a big step towards a totally renewable resin. It's exciting to realize that hundreds of boats made from Envirez resin will soon be navigating the world's waterways thanks to Campion."

This continues Campion's commitment to build the best boats with the best materials while reducing its environmental impact. In 2008, Campion Marine was selected as the world's first builder of bio resin boats. After two years of thorough testing on Lake Okanagan, the superior performance of the Envirez resin was apparent. "The future is now!", says Elliott.

Campion Marine has been building high-performance sport boats and cruisers for 36 years. The company, at its facility in Kelowna, Canada, builds the Allante line of sport boats and cruisers, the Explorer sport utility water craft, Chase high-performance boats and the Svfara wake/surf towboats. They manufacture more than 37 models and 48 variations of boats ranging from 16 to 30 feet in length and market and sell their boats in more than 30 countries.