Background:

Occidental invested significant capital to expand and up- grade the specialty chemical facility in Niagara Falls, NY in the late 1990’s.  However, due to unfavorable business conditions, Occidental decided to close the specialty chemical processes.

After Occidental was un- able to sell the unit as an operating business, there were compelling reasons for them to demolish non-operating buildings and remove the assets from site.  This project was initially budgeted to be a $15,000,000 cost.

Solution:

Our worldwide technical and marketing knowledge of the chemical processes, technology, patents and equipment enabled Phoenix to perform the decommissioning at no cost to Occidental. Together with Occidental, we structured an approach that that allowed us to market the processes and equipment we had purchased while performing a major five phase decommissioning project.

Although Occidental was unable to sell the assets as an ongoing business, they were able to recapture significant value from those assets and have their facility safely dismantled at no cost. 

Key Notes:

• Our purchase of the specialty chemical assets included nine complete plants/processes:
• Ring Chlorination Hydrofluorination Photochlorination Nitrilation
• Flexible Chlorination Muriatic Acid Phosphorous
• HF Unloading System
• Liquid Waste Incinerator
• Our purchase included an 80,000 square foot lab that we were able to re-sell to be operated in place.