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Solutia Inc. was an American manufacturer of materials and specialty chemicals including polyvinyl butyral (PVB), ethylene vinyl acetate (EVA), and thermoplastic polyurethane (TPU) interlayers for laminated glass, aftermarket window films, protective barrier and conductive films, and rubber processing chemicals. The company was formed on September 1, 1997, as a divestiture of the Monsanto Company chemical business. In July 2012, the company was acquired by Eastman Chemical Company. Eastman to Acquire Solutia; Raises Outlook for 2013 EPS to Greater Than $6 . Eastman.
Solutia's worldwide headquarters were located in Town and Country, Missouri, United States, with regional headquarters located in Zaventem, Belgium; São Paulo, Brazil; and Shanghai, China." Town and Country, Mo.-Based Spin-Off Turns to Monsanto for Financial Help." St. Louis Post-Dispatch. December 7, 2003. Retrieved on August 19, 2009.
Solutia was known as the world's leading manufacturer of PVB, EVA, and TPU interlayers, custom-coated window and performance films, and chemicals for the rubber industry. Solutia Inc. at Citi Basic Materials Conference, December 1, 2009 In 2009, the company completed the sale of its nylon division, with closure of the sale in the second quarter 2009. Solutia Completes Sales of Nylon Business In 2010, the company purchased Etimex-Solar and Novomatrix, further enhancing its portfolio of interlayer and film products. Solutia Announces Agreement to Acquire Etimex Solar and Solutia Announces the Acquisition of Novomatrix
Solutia employed approximately 3,400 people in more than 50 locations worldwide, and reported $1.67 billion in annual revenues for 2009, and $984 million in revenues through June 30, 2010, for its continued operations (nylon revenue not included in figures; new acquisitions included in figures for 2010 only). Investor Fact Sheet
Solutia was bought by Eastman Chemical Company in 2012 for $4.8 billion.
Solutia's Springfield, Massachusetts plant ranks as #4 on the EPA's top five facilities that reported the largest quantity of on- and off-site environmental releases in Massachusetts under the Toxics Release Inventory for 2007.
Solutia's Delaware River Plant is responsible for contaminating the soil and the groundwater with three old hazardous-waste disposal areas, a phenol equalization lagoon, two sludge lagoons, a raw-waste lagoon, a process sewer system, a storm-water drainage ditch, and a closed Resource Conservation and Recovery Act (RCRA) regulated hazardous waste landfill.
The Solutia AES Property Site near the Kanawha River in Nitro, West Virginia, was found by the EPA to have 18 buried, deteriorating drums containing dioxin. EPA determined that a threat to public health or welfare or the environment existed due to the release or threat of release of dioxin at the site.
The Solutia facility in Sauget, Illinois is responsible for emitting PCBs, benzene, chlorobenzene, lead, and mercury. Solutia completed an interim remedy in 2004 to contain, intercept, and collect contaminated groundwater discharging and causing environmental impacts to the Mississippi River.
In 2006, the EPA filed suit against Solutia, Shell Oil, and Mallinckrodt over hazardous materials found at the Great Lakes Container Corp. in St. Louis, Missouri. In 1995, a fire alerted officials to the potential dangers of the site, and environmental investigations turned up buried drums of hazardous materials, asbestos and high levels of lead and polychlorinated biphenyls. According to the consent decree, 61,650 tons of soil contaminated with PCBs and lead was removed from the site as were more than 800 buried drums.
Solutia's Chocolate Bayou Alvin facility ranked #1 in the EPA's top ten facilities in Texas for total on-site and off-site releases of all chemicals in 2009.
In May 2009, the Texas Commission on Environmental Quality approved a penalty of $117,048 assessed against Solutia for 14 air violations that occurred over a year and a half period.
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