Thursday, October 27, 2016

DuPont vs Chemours facilities

On July 1, 2015 DuPont completed the spin-off of The Chemours Company. There have been many reports about how DuPont loaded Chemours up with a large proportion of both its environmental liabilities and its debt, raising the question of what would happen if Chemours went bankrupt. DuPont is also attempting to merge with Dow Chemical, and there are rumors that the merger, if approved, will be followed by a split of the merged companies into three pieces. If that does happen it will be anyone's guess about who if anyone will pay for past pollution, and how much expensive litigation it would take to even begin to answer that question.

The immediate question, and first step, is to track which DuPont components have become Chemours. Let's say that you have a database divided up into reporting by facility, as most environmental databases are. And let's also say that the data that you have show all facilities reporting as DuPont, because you are tracking past data or because the database you're using last reported before the split (as the 2014 Toxic Release Inventory (TRI) did). Which U.S. DuPont facilities are now Chemours facilities?

Here's the best answer I could turn up to this question from public documents. The list of Chemours facilities is from a June 5, 2015 SEC filing. The number of facilities matches the number of production facilities in the U.S. from the Chemours Web site. Note (1) in the City column indicates a lease, (2) indicates a lease from Du Pont (which I've still treated as belonging to Chemours), and (3) indicates a shared facility between two branches of Chemours.

The facilities below are basically identified by city and state in most sources. But some of the facilities are actually in different cities than the city that they are referred to as being in, either in their mailing address or their facility name. The "2014 TRI" column shows which city the facility is actually in according to that database. If the city is the same as the first column (or if I didn't find it at all), I've marked it with an "x". Otherwise, it shows an alternate city that the facility may be listed under.

CityState2014 TRI
El Dorado (1) AR x
Edge Moor DE x
Red Lion (1) DE Delaware City
Starke (Mine) FL x
Louisville KY x
Wurtland KY x
Burnside LA Darrow
Elkton (1) MD x
DeLisle MS Pass Christian
Pascagoula (3) MS x
Fayetteville NC x
Deepwater NJ x
Morses Mill (1) NJ Linden
Niagara NY x
Fort Hill OH North Bend
N. Kingstown (1) RI x
New Johnsonville TN x
Memphis TN x
Corpus Christi TX Gregory
LaPorte (2) TX x
Beaumont TX Nederland
Borderland (1) TX x
James River VA Richmond
Washington WV x
Belle (3) WV x

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