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30-566: Tronox is the third-largest titanium feedstock producer, with approximately 10% of global titanium ore production; and the second-largest producer of zircon, with approximately 20% of global production. The company also has an electrolytic and speciality chemicals business that services the paper and battery industries. Formerly a part of the Kerr-McGee Chemical Corporation and based in Oklahoma City since it

60-508: A leading producer of titanium chemicals. It was formed when The National Titanium Dioxide Company Ltd. combined with Millennium Chemicals . The headquarters are in Jeddah , Saudi Arabia . It is a significant shareholder in Bemax , the world’s 5th largest TiO 2 feedstock producer. As of 2008 , Cristal Global has eight manufacturing plants in 6 countries and on 5 continents. As of 2008

90-628: A manufacturer and supplier of speciality chemicals has had a major impact on the Global speciality chemical industry. In India the many speciality chemical companies are members of national organisations such as the Indian Chemical Council (ICC) and the Indian Speciality Chemical Manufacturers' Association (ISCMA). The wide capability of these companies extends into all sectors and sub-sectors of

120-450: A market share of about 36% The ten largest segments accounted for 62% of total annual specialty chemicals sales. The specialty chemical market is complex and each specialty chemicals business segment comprises many sub-segments, each with individualized product, market and competitive profiles. This has given rise to a wide range of business needs and opportunities, consequently there are a large number of speciality chemical companies around

150-407: A significant proportion of this. The products include dyestuffs, paints, explosives, adhesives, flavors and fragrances, photographic chemicals, unrecorded media and various industrial specialities. As Speciality Chemical manufacturers, unlike commodity chemical manufacturers, are less dependent on large scale infrastructure, therefore Speciality Chemical companies can be found in almost all regions of

180-471: A vessel followed by a series of processes involving mixing, heating, cooling, making more chemical reactions, distillation , crystallization , separation, drying, packaging etc., taking place at predetermined and scheduled intervals. The manufacturing processes are supported by activities such as the quality testing, storage, warehousing , logistics of the products, and management by recycling , treatment and disposal of by-products , and waste streams . For

210-521: A wide array of industries, including automotive, aerospace, agriculture, construction, electronics, food and beverage, personal care, pharmaceutical, and textile. Specialty chemicals are usually manufactured in batch chemical plants using batch processing techniques. A batch process is one in which a defined quantity of product is made from a fixed input of raw materials during a measured period of time. The batch process most often consists of introducing accurately measured amounts of starting materials into

240-538: The 10 largest European speciality chemical companies were BASF , AkzoNobel , Clariant , Evonik , Cognis , Kemira , Lanxess , Rhodia , Wacker and Croda . By definition, speciality chemicals are produced in relatively small quantities but they represent 28 per cent of EU chemical sales. The 10 largest USA speciality chemical companies are The Lubrizol Corporation, Huntsman , Ashland , Chemtura , Rockwood, Albemarle , Cabot , W. R. Grace , Ferro Corporation , and Cytec Industries . The emergence of India as

270-757: The Henderson, Nevada "BMI" site. This site had supplied Magnesium and other chemicals beginning around World War II. It eventually leaked perchlorate (used in rocket fuel) into the water table, which subsequently contaminated Lake Mead and the Colorado River , which supply water to millions of people. Exiting bankruptcy in February 2011, Tronox's Chapter 11 plan created the Anadarko litigation trust to pursue Tronox's lawsuit against Anadarko and Kerr-McGee. Tronox has transferred an 88% share of its interest in

300-1166: The North of England for example see the membership of the Northeast of England they are members of the Northeast of England process Industry Cluster (NEPIC). The Specialty Chemical market size is valued at US$ 627.7 billion in 2021 and it is expected to grow to $ 886.2 billion by 2030, at a CAGR of 4.3% during 2022-2030. These speciality products are marketed as pesticides , speciality polymers , electronic chemicals, surfactants , construction chemicals, Industrial Cleaners, flavors and fragrances , speciality coatings, printing inks, water-soluble polymers, food additives , paper chemicals , oil field chemicals, plastic adhesives, adhesives and sealants , cosmetic chemicals , water management chemicals , catalysts , textile chemicals. The world's top five specialty chemicals segments in 2012 were specialty polymers, industrial and institutional (I&I) cleaners, construction chemicals, electronic chemicals, and flavors and fragrances. These segments had

330-685: The Saudi Arabian titanium dioxide pigment manufacturer Cristal Global . Kerr-McGee spun off its chemical business circa 2005-2006 after demands were made by corporate raider and major Kerr-McGee shareholder Carl Icahn . Among other things, Tronox inherited several radioactive waste sites from Kerr-McGee. These include the Cimarron Fuel Fabrication Site and the Rare Earths Facility . They are, as of 2014, still undergoing cleanup. It also inherited

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360-639: The UK. Some 80% of the United Kingdom Chemical industry is based in the north of the country and consequently there are concentrations of Speciality Chemical companies in Yorkshire, and in the membership of the Northeast of England Process Industry Cluster (NEPIC). Specialty chemicals can be broadly categorized into the following segments: Cristal Global Cristal Global is the world's second-largest producer of titanium dioxide and

390-636: The US federal government sued Anadarko to pay for the cleanup, and in April 2014 settled on the largest environmental contamination settlement in American history, over $ 5 billion. The company went public in 2005, when Oklahoma City -based Kerr-McGee , which had previously owned the company entirely, issued shares via an initial public offering on November 21, 2005. It became an independent company in March 2006. In

420-711: The USA the speciality chemical manufacturers are members of the Society of Chemical Manufacturers and Affiliates (SOCMA). In the United Kingdom such companies are members of the British Association for Chemical Specialties (BACS). SOCMA state that "Specialty chemicals differ from commodity chemicals in that each one may have only one or two uses, while commodities may have dozens of different applications for each chemical. While commodity chemicals make up most of

450-412: The acquisition of Exxaro Mineral Sands and combined both entities under Tronox Limited, an Australian holding company. Describing the benefits of the combination, Tronox Limited CEO Tom Casey said, "We now have the ability to sell into a lucrative titanium feedstock market while assuring our titanium dioxide customers that we have the supply to deliver quality products at reasonable prices." In April 2014,

480-411: The basis of their performance or function. Consequently, in addition to "effect" chemicals they are sometimes referred to as "performance" chemicals or "formulation" chemicals. They can be unique molecules or mixtures of molecules known as formulations . The physical and chemical characteristics of the single molecules or the formulated mixtures of molecules and the composition of the mixtures influences

510-636: The company's stock moved from the NYSE to OTC. On 14 January 2009, Tronox filed Chapter 11 bankruptcy. It specified that this action did not include the company's non-USA operations. In 2009, shareholders of Tronox sued Anadarko Petroleum (successor to Kerr-McGee ) for having misled investors about the large environmental and other debts Tronox would inherit from its parent corporation. The environmental pollution included polluting Lake Mead in Nevada with rocket fuel, leaving behind radioactive waste piles throughout

540-407: The federal government reached a $ 5 billion settlement with Anadarko (successor to Kerr-McGee) in the largest environmental contamination case in American history. According to one report, "Kerr-McGee, rather than pay for the environmental mess it created, decided to shift the liabilities between 2002 and 2006 into Tronox. Kerr-McGee, meanwhile, kept its valuable oil and gas assets." The cost to clean up

570-505: The first quarter of 2006, Tronox replaced Meade Instruments on the S&;P SmallCap 600 index, when Kerr-McGee distributed the rest of its stock in Tronox under its former NYSE symbol TRX.B, a class B security . TRX.B started regular-way trading on March 31, 2006. In 2008, the company's stock price declined significantly, and both classes of stock became penny stocks . In September 2008,

600-776: The lawsuit to the federal government. Speciality chemicals Specialty chemicals (also called specialties or effect chemicals ) are particular chemical products which provide a wide variety of effects on which many other industry sectors rely. Some of the categories of speciality chemicals are adhesives , agrichemicals , cleaning materials, colors, cosmetic additives , construction chemicals, elastomers , flavors , food additives , fragrances , industrial gases , lubricants , paints, polymers , surfactants , and textile auxiliaries. Other industrial sectors such as automotive , aerospace , food , cosmetics, agriculture, manufacturing , and textiles are highly dependent on such products. Speciality chemicals are materials used on

630-403: The liabilities between 2002 and 2006 into Tronox. Kerr-McGee, meanwhile, kept its valuable oil and gas assets." Tronox did not reveal the massive hidden liabilities to investors, and after they became known, Tronox dropped to a penny stock in 2009. In response, shareholders sued Anadarko Petroleum (successor to Kerr-McGee) for keeping the scope of the environmental disaster a secret. In addition

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660-665: The mess inherited by Tronox from Kerr-McGee was estimated by the courts to be over $ 5 billion. There are contaminated sites in 22 states and the Navajo Nation. "Among the dozens of locations targeted for cleanup under the settlement is a former chemical manufacturing site in Nevada that has led to contamination in Lake Mead, abandoned uranium mines in and around the Navajo Nation, and a Superfund site in Gloucester, N.J., polluted by thorium." On 10 April 2019, Tronox acquired

690-573: The next "batch" the equipment may be cleaned and the above processes repeated. Most specialty chemicals are organic chemicals that are used in a wide range of everyday products used by consumers and industry. It is a consumer driven sector and as such the specialty chemical industry has to be innovative, entrepreneurial and consumer-driven. In contrast to the production of commodity chemicals that are usually made on large scale single product manufacturing units to achieve economies of scale , specialty manufacturing units are required to be flexible because

720-475: The performance end product. In commercial applications the companies providing these products more often than not provide targeted customer service to innovative individual technical solutions for their customers. This is a differentiating component of the service provided by speciality chemical producers when they are compared to the other sub-sectors of the chemical industry such as fine chemicals , commodity chemicals , petrochemicals and pharmaceuticals. In

750-567: The production volume (by weight) in the global marketplace, specialty chemicals make up most of the diversity (number of different chemicals) in commerce at any given time." The specialty chemicals industry is a sector within the broader chemical industry that produces a diverse range of high-value chemicals and materials used in various applications. These chemicals, also known as performance or effect chemicals, are formulated to provide specific functions, enhance product performance, or meet specific customer requirements. Specialty chemicals are used in

780-502: The products, raw materials , processes &, operating conditions and equipment mix may change on a regular basis to respond to the needs of customers. In the United Kingdom there are many speciality chemical companies that are members of the British Association of Chemical Specialties (BACS) and also the Chemical Industries Association (CIA). Most of these companies have their manufacturing units based in

810-469: The speciality chemical market. The United Kingdom has 1300 speciality chemical companies and which have an annual turnover of £11.2 billion. The products of these UK companies are sold globally and contribute significantly to the UKs export trade. With over £30 billion of exports the chemical industry is the last remaining net-exporting manufacturing industry in the UK and Speciality Chemicals make up

840-652: The territory of the Navajo Nation and dumping carcinogenic creosote in communities throughout the East, Midwest and South at its wood-treating facilities. In 2009, the Huntsman Corporation announced it would buy certain of Tronox's assets, such as its factories. In late 2009, Tronox terminated this deal. Tronox emerged from Chapter 11 bankruptcy on February 14, 2011. Tom Casey became CEO in October 2011. On June 15, 2012, Tronox announced that it had completed

870-404: The world. Many of these companies are SME's with their own niche products and sometimes technology focus. The common stock of over 400 speciality chemical companies from around the world are identified by Bloomberg the providers of global business and financial information. There are many more privately owned speciality chemical companies that are not quoted on the global stock markets. In 2010,

900-459: Was spun off from its parent in 2005, the company announced in June 2012 that it was moving its headquarters to Stamford, Connecticut . The company was spun off in part to offload its parent company Kerr-McGee 's legacy of generations of environmental dumping of toxic waste across 22 states. According to one report, "Kerr-McGee, rather than pay for the environmental mess it created, decided to shift

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