NEWS
Companies settle with New Jersey on PFAS
Chemours, DuPont and Corteva have reached a settlement to resolve all pending environmental and other claims by the state of New Jersey. This covers legacy contamination claims related to their current and former operating sites at Chambers Works, Parlin, Pompton Lakes and Repauno, plus other claims of state-wide PFAS contamination, including from the use of aqueous film-forming foam.
The companies will pay $ 875 million over a 25-year period beginning within 30 days of the Judicial Consent Order( JCO) entry date, which will be no earlier than 1 January 2026. This includes $ 16.5 million attributed to alleged PFAS contamination unrelated to the operating sites. As per a previous memorandum of understanding, Chemours will be responsible for
Venator looks for buyers in UK
TiO 2 producer Venator has appointed Alvarez & Marsal as administrators for its three non-trading businesses in the UK. They will seek to sell the businesses operating from sites at Greatham, Wynyard and Birtley, while sale processes will be initiated for other group entities. Trading subsidiaries in the UK, the US and France are carrying on as normal.
“ Venator Group has been severely impacted by increased competition and rising costs in recent months. The appointment
50 % of the cost, DuPont for 35.5 % and Corteva for 14.5 %.
The settlement also establishes a process for determining the amount of the Remediation Funding Source at the four sites and the initial range for each, as well as other mechanisms to secure future remediation at the sites. In addition, DuPont and Corteva will establish a reserve fund based on their respective cost sharing percentages, capped at $ 475 million, to serve as further financial security.
Contingent upon approval of the JCO, DuPont and Corteva will purchase Chemours’ rights to receive certain insurance proceeds related to PFAS claims for $ 150 million. After they have recovered this, Chemours will be entitled to its 50 % share of further insurance recoveries.
of administrators now provides a platform for restructuring,” commented Mark Firmin, joint administrator and managing director at Alvarez & Marsal.
Venator is active through two segments: Titanium Dioxide and Performance Additives, the latter of which offers functional additives, colour pigments and timber treatment products. It employs 519 people in the UK among 2,249 in total and is also active in Spain, France, the US, Malaysia and Germany, among others.
IN BRIEF
Driven by light ICIG Ventures has announced a cooperation agreement under which new processes will be developed based on New Iridium’ s photocatalytic platform for producing CO 2
-derived chemicals for targeted commercialscale applications across the pharmaceutical, agrochemical and speciality chemical sectors. No financial details were given.
Major buy for Ecolab Ecolab is to acquire Ovivo’ s Electronics business, which makes ultra-pure water for electronics, for $ 1.8 billion in a deal that is expected to close in Q1 2026. When combined with Ecolab’ s existing capabilities, the company said, it“ will enable Ecolab to expand its offerings to provide circular water management solutions for its microelectronics customers”.
SAP breaks ground Nippon Shokubai’ s Indonesian subsidiary has held an official groundbreaking ceremony for its new superabsorbent polymer( SAP) plant in Cilegon on 7 August. This will add 50,000 tonnes / year of capacity bringing the total to 140,000. Commercial operation is expected to begin in July 2027. The $ 120 million investment will create 449 new jobs.
Water treatment JV Buckman Laboratories has formed a strategic joint venture with India’ s Atul. The process should be completed by October. Atul-Buckman will combine Buckman’ s portfolio of speciality water treatment chemistries and digital technologies with Atul’ s manufacturing and distribution in India and Sri Lanka for markets including chemicals, food processing, power, pulp and paper, textiles and municipal.
SEP / OCT 2025 SPECCHEMONLINE. COM
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