In this week’s news – solar deals continue to build up, DuPont accused of selling unsafe facilities, and a new renewable-based chemical company emerges…
DuPont’s former facilities need a rehab?
Fibers and polymers company INVISTA is suing DuPont for more than $800m for selling them certain facilities that allegedly failed to comply with environmental, health and safety regulations. DuPont said the allegations were grossly exaggerated and lack merit.
Elevating renewable science
Catalyst company Materia and agribusiness major Cargill have formed Elevance Renewable Science, a specialty chemicals producer that uses natural oils as its raw materials. Elevance is expected to generate over $1bn in sales by 2016.
Wanted: More money for waste
Environmental service company Pure Earth Inc. secured a $6.3m financing, which will enable the company to expand its refinery waste recycling plant as well as build a waste-based alternative fuel production facility in Vineland, New Jersey. Pure Earth says recycling services are becoming more in demand as landfilling refinery wastes across the border in Canada will be banned in 2009.
Aluminum likes it bright
Norwegian Aluminum producer Norsk Hydro invested NOK 147m ($28.8m) in shares in Denver, Colorado-based Ascent Solar, which is developing super-thin, flexible solar energy cells. Ascent expects to start a manufacturing facility of the cells by 2010.
… and so does California
Wind and solar thermal power generator FPL Energy plans to build a 250 megawatt solar plant called the Beacon Solar Energy project in Mojave Desert. Construction will begin in late 2009.
More chemicals for solar
Global solar cells producer Suntech Power Holdings signed an eight-year polysilicon supply deal with Korean specialty chemicals producer DC Chemical. Total value of the supply deal amounts to $631m from 2009 to 2016.
And from ICIS News (requires subscription):
The methyl methacrylate (MMA) industry supports a UK bill that will tighten regulation of MMA’s use in cosmetics. The cost of shipping freight is expected to increase due to a propose US bill that will require ships to use low-sulfur fuels. The US Environmental Protection Agency (EPA) orders fertilizer company Agrifos and oil major ExxonMobil to address wastewater problems at a certain facility in Texas.