December 18, 2014 8:00 PM ET


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





Key Executives for Occidental Chemical Corporation

Occidental Chemical Corporation does not have any Key Executives recorded.

Occidental Chemical Corporation Key Developments

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.

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.

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