Posted on 03.29.21

Chemical Site Cleanup on Maine River to Cost More Than $180M

Source: https://www.insurancejournal.com/, March 25, 2021

A settlement that is pending approval from a federal judge would require the former owner of a shuttered chemical plant in Maine to spend more than $180 million to clean up mercury contamination.

The settlement concerns the site of the HoltraChem Manufacturing plant on the Penobscot River that has been the subject of legal conflicts for more than two decades. HoltraChem’s one-time owner Mallinckrodt US, LLC of Delaware, would deposit $187 million into a trust fund to pay for the cleanup, and could end up adding up to $80 million more, the Bangor Daily News reported. Read more.

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