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DuPont

Sophia Schmidt, Delaware Public Media

The state gets $50 million to put toward efforts to deal with contamination by a group of toxic legacy chemicals. It’s not determined yet how the money will be spent. 

Courtesy of CDC.gov

The state has secured $50 million to handle PFAS contamination in Delaware under a settlement with companies associated with production of the toxic chemicals.

DuPont has announced its Nutrition & Biosciences business is merging with the New York-based International Flavors and Fragrances or IFF.

 

CDC.gov

Five Blades residents have filed what they hope will become a class action lawsuit on behalf of over 1,300 residents against several companies they blame for contamination of the town’s drinking water with toxic chemicals.

 


Delaware Public Media

The state of New Jersey is suing several companies, including two from Delaware, for manufacturing and selling toxic firefighting foam products for decades— despite being aware of their dangers.

DNREC

DuPont is being hit with penalties for improperly handling hazardous waste at the DuPont Experimental Station near Wilmington.

DNREC Secretary Shawn Garvin has issued a nearly $57,000 fine for three violations.

DowDupont

The Dow-DuPont merger becomes a reality at the end of  this month.

The two companies announced Friday they’ve received all required regulatory approvals and clearances – and will close their over $140 billion deal on August 31st.

Delaware bioscience companies welcomed leaders from several European science and healthcare groups to the Delaware Innovation Space at the DuPont Experimental Station Friday.

DowDupont

The Dow-DuPont merger cleared its final U.S. hurdle Thursday.

The U.S. Department of Justice Anti-Trust Division gave the $140 billion dollar deal its blessing after reviewing it for about a year.

Once the merger is completed, the combined company plans to split into three independent companies by 2019.  Two of them – specialty products and agriculture – will be headquartered in the First State.

In a joint statement, Dow and DuPont say they expect the merger to be finalized this August.  They first announced it in December 2015.

Innovation center to connect startups to DuPont, UD

Apr 24, 2017
Megan Pauly / Delaware Public Media

A new startup incubator called the Delaware Innovation Space is coming to DuPont’s Experimentation Station campus, with help from the University of Delaware and the state.

Former DuPont employee charged with stealing secrets

Apr 11, 2017

A New Jersey man faces up to 10 years in prison for stealing DuPont company trade secrets.

DuPont, Chemours settle PFOA cases for $670 million

Feb 13, 2017
via EPA

DuPont and its spinoff, Chemours, will pay $670.7 million to settle the roughly 3,500 lawsuits alleging the dumping of chemicals caused cancer in nearby communities.

Buccini/Pollin buys historic Hotel du Pont

Jan 31, 2017
Delaware Public Media

DuPont announced Tuesday it’s has agreed to sell the historic Hotel du Pont in downtown Wilmington to the Buccini/Pollin Group.

 


DuPont’s plan to invest $200 million into its Experimental Station campus in Wilmington is quickly bearing fruit.

 

Nemours Children’s Health System announced Thursday it will be moving its biomedical research to DuPont’s Experimental Station.

DuPont posts profit in Q4

Jan 24, 2017

Wilmington-based chemical giant DuPont announced Tuesday that’s turning a profit again, following a successful 4th quarter.

DuPont ordered to pay $10.5 million in damages

Jan 5, 2017

A federal jury in Ohio has ordered Delaware-based chemical giant DuPont to pay $10.5 million in punitive damages to a man claiming the company caused his cancer.

DuPont sales up for Q3, boosting full-year earnings

Oct 25, 2016

Wilmington based chemical giant DuPont posted an increase in sales for the third quarter of this year. 

 

The company’s net sales for the three-month period ending September 30 were $4.9 billion. That’s up 1 percent from the same period last year. 

Shareholders OK Dow-DuPont merger plan

Jul 20, 2016
DowDupont

Shareholders in DuPont and The Dow Chemical Company approved a merger of the two entities Wednesday.

DuPont shareholders held their vote during the company’s annual meeting Wednesday morning.  Dow shareholders also voted Wednesday morning in favor of creating a combined 130 billion dollar entity.

DuPont was dealt another blow in an Ohio courtroom Wednesday after a jury found the company liable for a man’s testicular cancer.

DuPont saw sales fall in the first quarter of the year, dropping five and a half percent from a year ago.

The chemical giant posted net sales of $7.4 billion – down from $7.8 billion.  The drop is largely the result of a strong U.S. dollar overseas.

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DowDupont

Gov. Jack Markell (D) and state lawmakers have widely lauded an incentive package as part of an effort to retain DuPont jobs in Delaware, but they are largely ignoring the bill that comes with it, totaling tens of millions of dollars.

Latest DowDuPont incentives signed into law

Mar 17, 2016
Delaware Public Media

The latest bill authorizing parts of an incentive package to keep a DuPont presence in Delaware passed the House with relative ease Thursday, clearing its way into law.

 

DowDupont

New Castle County Council is considering a measure that would provide DowDuPont $7.5 million in incentives.

Legislation creating a strategic economic development fund to offer incentives to companies to stay or move to the county was introduced Tuesday night. If approved, the $7.5 million, taken from the county’s operating budget, would be paid to DowDuPont over five years.

DowDuPont has committed to make New Castle County home to two companies that will spin off after its planned merger is completed.

DowDupont

 


A panel on Monday approved a plan to give DuPont $9.6 million over the next five years as part of ongoing efforts to keep pieces of a post DuPont merger with Dow within Delaware’s borders.

Losses mount for Chemours in 4th quarter

Feb 24, 2016
Delaware Public Media

The DuPont spinoff Chemours continues to lose money, as its fourth quarter earnings report revealed Tuesday.

 

The chemical company’s fourth quarter net loss was reported at $86 billion, or 48 cents per share -- after $88 million in restructuring costs. The full-year 2015 net loss was $90 billion, or 50 cents per share.

via EPA


For more than two centuries, the DuPont chemical corporation has been an anchor of Delaware's economy. It's supported tens of thousands of jobs, plus cultural, philanthropic and medical mainstays.

 

But right now, it's also mired in a controversy just a few hours west of Wilmington: the years-long legal battle over use of a toxic chemical called PFOA in non-stick products like Teflon.

via EPA

A federal judge has set up a battery of class-action trials against DuPont, scheduling 40 a year starting in 2017.

It's part of a court fight over a chemical called PFOA or C8, which 3,500 plaintiffs in the Ohio River Valley say gave them diseases like cancer.

DuPont reports 4th quarter loss

Jan 26, 2016

DuPont is posting a 9 percent drop in global sales for the final quarter of 2015 as it heads into a year of major change and cutbacks.

 

The chemical giant plans to trim more than $700 million this year and about 10 percent of its global workforce as it seeks to merge with Dow Chemical.

Photo courtesy: Delaware State Chamber of Commerce

Delaware’s economic health was on many minds at Monday night’s 179th annual Delaware State Chamber of Commerce dinner.

Sen. Tom Carper (D-Delaware) said dealing with DuPont’s move to cut 1,700 jobs in the First State as it seeks to merge with Dow is an "all hands on deck" situation.

Gov. Jack Markell (D-Delaware) echoed that sentiment,  and offered the audience of about 950 at the Wilmington’s Chase Center a sketch of what’s being done.

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