Petro-Canada
NYSE : PCZ
TSX : PCA

Petro-Canada

October 09, 2007 11:58 ET

Petro-Canada Lubricants Wins Prestigious International Award for Best New Product or Service

MISSISSAUGA, ONTARIO--(Marketwire - Oct. 9, 2007) - Petro-Canada is pleased to announce that it's new PURITY FG with MICROL has received the International Stevie Award for Best New Product or Service. This industrial strength food grade lubricant contains MICROL, which is the first and only antimicrobial preservative registered by the U.S. Environmental Protection Agency (EPA) for use in food grade lubricants. It's produced at the Petro-Canada Lubricants Centre in Mississauga, Ontario.

"Food processing machinery lubricants face some unique challenges such as stringent regulations, harsh environmental conditions and rigorous plant operations," said Dr. Henry Sapiano, who led the Research and Development team. "By protecting food grade lubricants from deterioration, fouling and odor caused by microorganisms, we're entering a new frontier in the optimization of food-processing equipment performance."

PURITY with MICROL was four years in development and formulated with exceptional performance characteristics, while meeting all necessary food safety and regulatory registration requirements. The Research and Development team was also chosen as a finalist in the Best Product Development Team category for their tremendous efforts.

"As a global supplier of food grade lubricants, we've become accustomed to our products working hard 'behind the scenes' to meet our clients high standards," said Randy Koenig, Vice-President of Lubricants. "We are therefore honoured to be publicly recognized on the global stage for creating this important product, which is just another example of the innovative approach Petro-Canada has brought to the field of lubricants and greases."

Petro-Canada blends and packages more than 350 different lubricants, specialty fluids and greases that are exported to more than 60 countries on six continents. Products are manufactured from 99.9% pure base oil, one of the purest in the world.

Recipients of International Stevie Awards trophies were selected from nominations representing 30 different countries. Members of the Awards' Board of Distinguished Judges and Advisors and their staffs selected International Stevie Winners from among the finalists, which were determined by volunteer judges around the world during two months of preliminary judging.

Petro-Canada is one of Canada's largest oil and gas companies, operating in both the upstream and the downstream sectors of the industry in Canada and internationally. We create value by responsibly developing energy resources and providing world class petroleum products and services. Petro-Canada is proud to be a National Partner to the Vancouver 2010 Olympic and Paralympic Winter Games.Our common shares trade on the Toronto Stock Exchange under the symbol PCA and on the New York Stock Exchange under the symbol PCZ.

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