Stepan Company Opens Agricultural Innovation Center in Barrow County, Georgia

NORTHFIELD, Ill., May 24, 2021 /PRNewswire/ -- Stepan Company is excited to announce that it has opened its new Agricultural Innovation Center in Barrow County, Georgia, strategically located near the Company's manufacturing site in Winder, Georgia. The Company believes this Innovation Center will further facilitate collaboration with customers and foster research and development initiatives in the agricultural industry.

"[The Agricultural Innovation Center] is a testament to our commitment to safe and sustainable agriculture, our customers' growth and to farmers worldwide who face increasing challenges that require new innovations," said Jason Keiper, Stepan's Chief Technology and Sustainability Officer.

The LEED-certified Agricultural Innovation Center includes a greenhouse for live plant testing and research, a training center for formulation development, a spray chamber for studying driftable fines, a Class II lab to support biological formulation development and state-of-the-art laboratories dedicated to liquid and dry formulation design.  The temperate climate in Georgia will enable Stepan to test year-round and help accelerate the rate at which products are moved to large-scale production.

Stepan expects the facility to contribute to the development of the agricultural industry in Barrow County and the industry at large. Stepan hopes to be a resource for students and area residents as the new facility is near the University of Georgia, Emory University and other academic institutions with strong agricultural programs.  Stepan is a current partner with Emory University in its Sustainability and Resilience Collaboratory.

Corporate Profile

Stepan Company is a major manufacturer of specialty and intermediate chemicals used in a broad range of industries. Stepan is a leading merchant producer of surfactants, which are the key ingredients in consumer and industrial cleaning and disinfection products and in agricultural and oilfield solutions. The Company is also a leading supplier of polyurethane polyols used in the expanding thermal insulation market, and CASE (Coatings, Adhesives, Sealants, and Elastomers) industries.

Headquartered in Northfield, Illinois, Stepan utilizes a network of modern production facilities located in North and South America, Europe and Asia.

The Company's common stock is traded on the New York Stock Exchange (NYSE) under the symbol SCL. For more information about Stepan Company please visit the Company online at www.stepan.com.

More information about Stepan Agricultural Solutions can be found on www.stepan.com/agriculture, and further details about Stepan's Sustainability program can be found on the Sustainability section of www.stepan.com.

Contact: Luis E. Rojo 847-446-7500

Certain information in this news release consists of forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements include statements about Stepan Company's plans, objectives, strategies, financial performance and outlook, trends, the amount and timing of future cash distributions, prospects or future events and involve known and unknown risks that are difficult to predict. As a result, Stepan Company's actual financial results, performance, achievements or prospects may differ materially from those expressed or implied by these forward-looking statements. In some cases, you can identify forward-looking statements by the use of words such as "may," "could," "expect," "intend," "plan," "seek," "anticipate," "believe," "estimate," "guidance," "predict," "potential," "continue," "likely," "will," "would," "should," "illustrative" and variations of these terms and similar expressions, or the negative of these terms or similar expressions. Such forward-looking statements are necessarily based upon estimates and assumptions that, while considered reasonable by Stepan Company and its management based on their knowledge and understanding of the business and industry, are inherently uncertain. These statements are not guarantees of future performance, and stockholders should not place undue reliance on forward-looking statements.

There are a number of risks, uncertainties and other important factors, many of which are beyond Stepan Company's control, that could cause actual results to differ materially from the forward-looking statements contained in this news release. Such risks, uncertainties and other important factors include, among other factors, the risks, uncertainties and factors described in Stepan Company's Form 10-K, Form 10-Q and Form 8-K reports and exhibits to those reports, and include (but are not limited to) risks and uncertainties related to the impact of the COVID-19 pandemic; accidents, unplanned production shutdowns or disruptions in manufacturing facilities; reduced demand due to customer product reformulations or new technologies; our inability to successfully develop or introduce new products; compliance with laws; our ability to identify suitable acquisition candidates and successfully complete and integrate acquisitions; global competition; volatility of raw material and energy costs and supply; disruptions in transportation or significant changes in transportation costs; downturns in certain industries and general economic downturns; international business risks, including currency exchange rate fluctuations, legal restrictions and taxes; unfavorable resolution of litigation against us; maintaining and protecting intellectual property rights; our ability to access capital markets; global political, military, security or other instability; costs related to expansion or other capital projects; interruption or breaches of information technology systems; our ability to retain executive management and key personnel; and our debt covenants.

These forward-looking statements are made only as of the date hereof, and Stepan Company undertakes no obligation to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise.

Stepan CompanyCorporate Headquarters22 West Frontage RoadNorthfield, Illinois 60093Telephone (847) 446-7500

Customer Service: 1-800-457-7673Technical Service: 1-800-745-7837

www.stepan.com

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SOURCE Stepan Company