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Chemtura to Pay $26 Million in Environmental Settlement

3:15 PM MDT | August 24, 2010 | Vincent Valk

Chemtura, the U.S. EPA, and bankruptcy court attorneys have reached a settlement under which Chemtura will pay $26 million in environmental liabilities at 17 sites. Most of the money will go towards funding clean-up activities at those sites, which include 12 Superfund sites, EPA says. The sites are mostly located in the eastern United States. Some $8 million of the funds will go towards clean-up and restoration at the Diamond Alkali Superfund site, near the Lower Passaic River in New Jersey. The agreement does not cover the Laurel Park, Inc. Superfund site in...

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