Formosa Reaches $12.8M PVC Deal

By Evan Weinberger (September 30, 2009, 5:18 PM EDT) -- Formosa Plastics Corp. has agreed to pay $2.8 million in fines and spend more than $10 million to clean up air, water and hazardous waste violations at facilities in Texas and Louisiana as part of a settlement with the U.S. Environmental Protection Agency and the U.S. Department of Justice, but the two sides differed in public statements about some of the terms of the agreement.

The consent decree, submitted Sept. 29 in the U.S. District Court for the Southern District of Texas by the Justice Department and the EPA, requires an enhanced leak detection and repair program to be implemented at...

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