—Flame Retardants “Chemtura signs bromine agreements with Albemarle” Chemtura, the specialty chemical maker now under Chapter 11 reorganization, has signed a series of agreements and settled a lawsuit with Albemarle to help pave the way for a restructuring of its business in bromine derivatives. Under the agreement, Albemarle is signing over its 17% stake in a bromine-rich brine field in Union County, Ark., that is managed by Chemtura. The transfer consolidates Chemtura’s ownership of the field, according to Anne Noonan, Chemtura’s vice president of flame retardants. The field is the most productive in South Arkansas, she says, and among the most competitive in the world. As part of the deal, Albemarle will manufacture the plastics flame retardants tetrabromobisphenol A, decabromodiphenyl oxide, and decabromodiphenyl ethane for Chemtura.
by Alexander H. Tullo |
January 25, 2010