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Bankrupt Illinois Chemical Maker Tronox Struggles With Waste Cleanup


Posted on May 31, 2010

U.S. Bankruptcy Judge Allan Gropper has approved a settlement between a bankrupt Illinois chemical maker and the US government regarding the handling of a toxic waste cleanup.

Tronox Inc., an Illinois chemical manufacturer that is the world’s third largest maker of the whitening pigment titanium dioxide used for paint, paper, and plastics, recently declared chapter 11 reorganization bankruptcy while at the same time seeking money from the federal government for toxic waste cleanup that it funded during the last 30 years. The settlement reached this month is $25 million, which Tronox plans to set aside along with $115 million for environmental cleanup costs white the company goes through the bankruptcy process.

When the company filed for Chapter 11 bankruptcy in November, the company reported $1.6 billion in assets and $1.2 billion in liabilities. The bankruptcy largely concerned legacy debts from former company Kerr-McGee, which has been blamed for contaminating a number of West Chicago properties with radioactive waste in the 60s and 70s. Tronox has spent millions cleaning up the issue without the help of the government and cleanup is thought to continue into the future. During the bankruptcy process, the company plans to continue operations as usual.

“Before the health risks associated with radioactive materials were recognized, these mill tailings were available for use as free fill material by residents and contractors in the West Chicago area. Accordingly, the soil at many properties in the West Chicago area became contaminated with radioactive materials,” lawyers for Tronox wrote.

The company made $1.43 billion in sales in 2007.

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