Invista has sued DuPont Co. for $800 million, citing serious environmental hazards and public health risks. According to the lawsuit, less than a month after Invista bought DuPontís Textile and Interiors business for $4 billion they discovered environmental problems at its facilities. The $800 claim includes both compensatory damages as well as punitive penalties.
The Dow Chemical Co. will conduct a scheduled turnaround at its propylene oxide (PO) production plant in Freeport, Texas for routine maintenance. The two- to three-week turnaround will involve equipment inspections and, if necessary, repairs and replacements. Dow has worked with its customers to minimize any disruptions as a result of this scheduled turnaround.
A federal judge dismissed a lawsuit filed by Sherwin-Williams Co. that sought to keep Columbus, Ohio from suing the company to help pay for the cleanup of properties contaminated with lead paint. The city of Columbus sued Sherwin-Williams in 2006 with the case remaining pending in the Franklin County Pleas Court.
Ethanol and Biodiesel
Golden Grain Energy says his company is working with BEST BioDiesel Inc. to look at opportunities to expand its ethanol plant operations in Mason City, Iowa to include biodiesel by the end of the year. They are looking to leverage BESTís technology to take Golden Grainís corn oil and process it into biodiesel.
Spartech Corp. is cutting 350 jobs and shutting down production at its Mankato, Minnesota sheet facility. The layoffs include both manufacturing and company personnel. Production in Mankato will stop by August with the work moving to some of its other production facilities.
Cargill and Materia have formed Elevance Renewable Sciences, a company aimed at making specialty chemicals out of renewable oils. The firm is being launched on its own with $40 million in funding from the private equity firm TPG.