July 22, 2014 7:26 PM 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

President
Age: 54
Compensation as of Fiscal Year 2014.

Occidental Chemical Corporation Key Developments

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.

The State of Louisiana and Assumption Parish's Police Jury Sue Texas Brine Co. and Occidental Chemical Corporation

The state of Louisiana and Assumption Parish's Police Jury and Sheriff's Office raced against a looming legal deadline on Aug. 2, 2013 to file a lawsuit against Texas Brine Co. and Occidental Petroleum over the Bayou Corne-area sinkhole that emerged a year ago. The state suit alleges that Texas Brine and Occidental mined the salt dome cavern "to the point that the cavern became structurally unstable, thereby causing the collapse of the cavern and damage to Louisiana's waters, natural resources, and the State's Coastal Zone". That claim tracks what state experts and consulting scientists have asserted since last year. State experts also have argued that the cavern collapse triggered the release of crude oil and natural gas from deep sources outside the salt dome, allowing them to migrate into shallow areas underneath the Bayou Corne and Grand Bayou communities, presenting a risk of explosive gas accumulations in homes and garages. The suit cites sinkhole-related environmental damage that includes tremors, continuing growth of the sinkhole, the presence of gas and oil in the sinkhole, accumulation of gas in the area's aquifer, the presence of benzene in groundwater near the sinkhole and other contaminants in the sinkhole, including saline water, that could spread into surrounding freshwater swampland. The state suit also alleges that after the sinkhole emerged, the defendants "failed to immediately, consistently, and fully assume responsibility for the sinkhole response, as required by law". The Office of Conservation has issued nine orders or amended orders to Texas Brine in connection with the sinkhole and fined it $260,000 for alleged noncompliance last year. The state suit, however, does not allege that Texas Brine and Occidental should have known the cavern would fail by being mined too closely to the salt dome face but claims the company is liable for failure of a cavern in their control.

Lawyers Working with Erin Brockovich File Lawsuit Seeking Damages on Behalf of Residents and Businesses Under Evacuation Orders for More Than Nine Months as a Result of the Assumption Parish Sinkhole

Lawyers working with Erin Brockovich filed a lawsuit seeking damages on behalf of residents and businesses under evacuation orders for more than nine months as a result of the Assumption Parish sinkhole. Also, Pontchartrain Natural Gas System, K/D/S Promix LLC and Acadian Gas Pipeline System - three pipeline or gas storage subsidiaries of Houston-based Enterprise Products Partners LP - separately have sued for damages over the sinkhole. The now 15.1-acre hole shut pipelines and forced gas storage cavern operators in the Napoleonville Dome last year to remove their products as a safety precaution. Acadian runs an intrastate pipeline system in Louisiana and is now planning to reroute its shut line near the sinkhole. Both were filed in the 23rd Judicial District Court in Assumption. The suits accuse Texas Brine Co. of negligence in the design and operation of a failed salt dome cavern suspected of causing the sinkhole to emerge last August. The suit tied to Brockovich also accuses Texas Brine and the two other named defendants, Miller Engineers and Associates and Occidental Chemical Corporation of fraud by concealing information about the cavern's integrity since at least 2010 "in order to escape responsibility for any damages arising there from." The pipeline and gas storage companies' suit does not accuse Texas Brine - the only defendant in that suit - of fraud, but claims the company did not "take necessary actions to mitigate the danger" or "timely and adequately warn the public" of the risks posed by the cavern.

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