Chemtura Corp. and TETRA Technologies said Wednesday that they have signed long-term supply and purchase agreements for several products, including bromine.
The agreements, each for 20 years or more, included the following terms:
• Chemtura will provide TETRA’s bromine requirements. • Chemtura will supply TETRA with tail brine from its Arkansas facilities following bromine extraction. TETRA will then use that brine as a feedstock for the building of a new calcium chloride plant. • TETRA will make an investment in Chemtura’s bromine operations. • TETRA will sell sodium chloride and magnesium hydroxide extracted from the tail brine to Chemtura for use as a feedstock for chlorine production and as a flame retardant and/or neutralization agent, respectively. • Should TETRA want to jointly develop or divest its bromine leases in Arkansas, Chemtura has certain rights to participate in the future development or purchase of those reserves.Bromine and bromine-based intermediates are used in various applications, such as electronic devices, furniture foam, building and construction, oil-well completion fluids, soaps and detergents, rubber products, medicines and pharmaceuticals.
TETRA is an oil and gas services company, including an integrated calcium chloride and brominated products manufacturing operation that supplies feedstocks to energy markets.
Chemtura is a manufacturer and marketer of specialty chemicals, crop protection and pool, spa and home care products. For 2005, it had pro forma sales of $3.9 billion.