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July 02, 2015 4:30 AM ET

Chemicals

Company Overview of Occidental Chemical Corporation

Company Overview

Occidental Chemical Corporation manufactures and markets chlorine, caustic soda, vinyls, and performance chemical products. The company’s products include chlorine, caustic soda, potassium chemicals, and derivative products for pharmaceuticals, water disinfectants, and detergents; and vinyl products include polyvinyl chloride and precursors used in piping, electrical insulation, construction materials, and automotive products. It also manufactures alkalies, VCM, EDC, chrome and potassium chemicals, flame retardants, natural gas odorants, and antimony oxide. The company was founded in 2000 and is based in Dallas, Texas. Occidental Chemical Corporation operates as a subsidiary of Occidental Pe...

5005 Lyndon B. Johnson Freeway

Dallas, TX 75244-6119

United States

Founded in 2000

Phone:

972-404-3800

Fax:

972-404-3669

Key Executives for Occidental Chemical Corporation

Occidental Chemical Corporation does not have any Key Executives recorded.

Occidental Chemical Corporation Key Developments

Court Approves Final Settlement in Passaic River Litigation, Occidental Chemical to Pay $190 Million to Resolve Liability

Acting Attorney General John J. Hoffman and Department of Environmental Protection (DEP) Commissioner Bob Martin announced that a Superior Court judge has approved a $190 million settlement with Occidental Chemical Corp. that resolves the company's liability for contamination of the Passaic River. Approved by Superior Court Judge Sebastian P. Lombardi on Tuesday, the Occidental settlement is the third and final settlement in the Passaic River litigation, a series of settlements in which the State obtained costs and damages from multiple parties responsible for contaminating the river.

Occidental Chemical Corp. Agrees to Pay New Jersey $190 Million to Resolve Liability Stemming from Damages to the Passaic River

Occidental Petroleum Corp.'s chemical subsidiary, Occidental Chemical Corp. has agreed to pay New Jersey $190 million to resolve liability stemming from damages to the Passaic River. Occidental faced liability as the successor to Diamond Shamrock Chemicals, which operated a facility that polluted the river. Occidental was the lone defendant that had not settled the state's suits over Passaic River contamination. In 2011, a court ruled that Occidental was liable for certain cleanup costs because of its role as successor to Diamond Shamrock Chemicals. New Jersey had accused that company of dumping carcinogens called dioxins into the Passaic River for decades from its Newark plant. That facility manufactured pesticides and herbicides - including Agent Orange, a defoliant the U.S. military used in the Vietnam War - from the 1940's until the 1960's, according to the statement from the New Jersey attorney general's office. New Jersey initiated litigation against Occidental and other companies affiliated with the Diamond Shamrock site eight years ago. The settlement is subject to court approval. Occidental Petroleum said it was reached a settlement with New Jersey and is seeking reimbursement from another company, Maxus Energy Corp., that it says is financially responsible for the state's claims. Occidental said it purchased Diamond Shamrock Chemical's stock from Maxus in 1986, 17 years after the plant closed, and said the alleged misconduct occurred while Maxus companies owned and operated the site. Occidental officials say that Maxus maintains liability even though it transferred ownership of the site to an affiliate, Tierra Solutions. Occidental also argues that Maxus agreed to indemnify Occidental for liabilities associated with Diamond Shamrock's operations of that plant.

Occidental Chemical Corporation Announces Executive Changes

Occidental Petroleum Corporation named Robert Peterson as President of Occidental Chemical Corporation (OxyChem), succeeding Chuck Anderson, who will retire on July 31, 2014. The appointment of Mr. Peterson, who has served as Senior Vice President, Basic Chemicals, since 2009, will be effective August 1. An 18-year veteran of OxyChem, Mr. Peterson, 43, has held increasingly senior positions in manufacturing, sales and marketing. He served as Vice President, Vinyls, from 2006 through 2008, before his promotion to his current position.

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