Rain CII Carbon LLC

EPA | January 13, 2020

The U.S. Environmental Protection Agency (EPA) announced a settlement agreement with the Torrance Refining Company, LLC over chemical safety and risk management violations. The refinery has corrected the violations, will pay $125,000 in penalties and will spend $219,000 to enhance chemical safety features at the refinery. “It is critical for the refinery to maintain an up-to-date and accurate Risk Management Plan,” said EPA Pacific Southwest Regional Administrator Mike St...

Chemical Technology

ExxonMobil | January 31, 2022

ExxonMobil said today it is further streamlining its business structure by combining chemical and downstream companies and centralizing technology and engineering, and other support services, to better support customers, enhance performance and grow value. “Our transformed business structure enables us to more fully leverage the corporation’s scale, integration, technology advantages, and the skills and capabilities of our talented workforce, to b...

Chemical Management

GRAHAM CORPORATION | April 01, 2022

a global business that designs, manufactures and sells critical equipment for the defense/space, energy/new energy and chemical/petrochemical industries, today announced the amendment to its five-year term loan and line of credit agreement which suspended the financial covenants through September 30, 2022. Key terms of the amendment include the following Waiver of the maximum total leverage ratio and minimum fixed charge coverage requirements t...

Chemical Management

NextDecade Corporation | September 16, 2022

NextDecade Corporation announced a private placement of common stock pursuant to which NextDecade will sell $85 million of common stock to 10 institutional investors. Shares of NextDecade’s common stock will be sold at $5.50 per share, and the private placement is expected to close on September 19, 2022, subject to the satisfaction of customary closing conditions. The Company intends to use the proceeds from the private placement to continue development activity in preparati...