PHILADELPHIA, May 25, 2016 (GLOBE NEWSWIRE) -- Chemtura Corporation (NYSE:CHMT) (EURONEXT:CHMT) today released its 2016 Corporate Sustainability Report. This report describes the recent progress Chemtura has made toward operating more sustainably and establishes environmental sustainability targets for the next 10 years.
“Chemtura has made significant progress in our global sustainability efforts, and this report is a culmination of the hard work delivered by all of our global operations and business partners over the last several years,” remarks David DiBoyan, Chemtura’s Global EHS Director. Highlights of the 2016 Sustainability Report include:
- Reinforcement of Chemtura’s core values and principles;
- Chemtura’s commitment to continuous Environmental, Health and Safety (EHS) improvement and the positive results seen in the Company’s global performance;
- Numerous examples of community engagement and continued operational efficiency improvements; and
- Examples of “greener” Chemtura products that have a lower impact on the environment and provide greater sustainability to “downstream” users.
In his opening remarks, Chemtura Chairman, President and CEO Craig Rogerson talks about these greener products, saying, “Beyond operational improvements and efficiencies, Chemtura continues to dedicate significant resources towards creating and adding to our portfolio of technologically advanced products for greener applications. These include products such as extended-life lubricants for wind turbines, specialty chemicals used in the development of clean-energy solar panels and high-brightness LEDs, compounds to remove mercury and other pollutants from manufacturing emissions, and petroleum additives to improve fuel efficiency and reduce the emissions of atmospheric pollutants in the transportation industry.”
While much of Chemtura’s 2016 sustainability report looks at the actions and progress of the past several years, the report’s closing section casts an eye to the future and highlights Chemtura’s long-range sustainability goals, which include targeted 10% reductions across the Company’s environmental footprint. These comprise a variety of initiatives in areas such as energy intensity, air emissions, water use management and waste reduction. Because of business variability, these are all intensity based goals (criteria in relation to production volume) made with the understanding that more aggressive targets will be pursued, if improvements are realized sooner than the stated target and timeframe.
Chemtura Corporation, with 2015 sales of $1.7 billion, is a global manufacturer and marketer of specialty chemicals. Additional information concerning Chemtura, as well as a digital copy of its sustainability report, is available at http://www.chemtura.com/Pages/Sustainability.aspx . Please send any comments on the report to doingmypart@chemtura.com.