Houston Chemical

worldoil | March 31, 2019

Intercontinental Terminal Co. is still trying to drain millions of gallons of volatile oil byproducts from tanks damaged in the four-day blaze that began on March 17. The ground around the tanks is also saturated in dangerous fluids, severely restricting access to the facility 20 mi (32 km) east of downtown Houston. On Friday, the company said they may be able to allow some access early this week. ITC and its top executive, Bernt Netland, have been chastised by elected officials for their handli...

bloombergquint | March 28, 2019

Eleven days after Intercontinental Terminals Co.’s chemical tanks erupted in flames near Houston and spread panic across the fourth-biggest U.S. city, the company’s top executive made his first public appearance after drawing criticism from a top official. Until Wednesday afternoon, a sales and marketing executive was tasked with explaining and defending ITC’s handling of the worst Gulf Coast chemical disaster in 14 years. The lack of visibility of more senior executives during...

reuters | March 27, 2019

Texas officials on Tuesday sued owners of a Houston area petrochemical storage facility over a fire last week, alleging violations of environmental laws and seeking damages to cover response costs for the disaster that burned for days, releasing chemicals into the air and waterways. The county and state jointly filed suit in a county court against Mitsui & Co’s Intercontinental Terminals Co (ITC). The suit seeks reimbursement for emergency responders, temporary air and water monitoring...

Nasdaq | January 15, 2020

Atotech, a Carlyle-backed specialty chemicals company carved out of Total, filed on Wednesday with the SEC to raise up to $100 million in an initial public offering.However, the deal size is likely a placeholder for an IPO that we estimate could raise $1 billion. The Berlin, Germany-based company was founded in 1993 and booked $1.2 billion in revenue for the 12 months ended September 30, 2019. It plans to list on the NYSE under the symbol ATC. Atotech filed confidentially on June 7, 2019. ...