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Great Lakes Chemical Company was founded in Michigan in 1936 to extract bromine from underground salt water brine deposits. It was acquired by McClanahan Oil in 1948 and rechristened Great Lakes Oil and Chemical Company, but by 1960 the company had moved away from oil and gas, instead focusing on the research and production of bromine-based chemicals.
In 2008, Albemarle and Sinobrom, a marketer of bromine derivatives in China, formed Sinobrom Albemarle Bromine Chemicals (Shandong) Company Ltd., a bromine-related joint venture. [7] In 2008, Albemarle acquired Sorbent Technologies Corporation, [22] whose technology controls mercury emissions from coal-fired power plants, for $22.5 million. [23 ...
Bromine started Dow Chemical, but the company quickly diversified into the giant chemical manufacturer it is today. For many years the Michigan Basin was the leading producer of bromine. In 1980, five companies were operating six bromine extraction plants in Michigan. The Dow Chemical Company closed Michigan's last operating bromine plant in 2007.
In April 2009, the company was said to be considering a bond offering to raise 500 million shekels ($122 million). [21] ICL announced in September 2018 that it was launching a tender to buy back $800 million worth of 4.5 percent debt due in 2024 sold to bondholders in 2014. [22] The bonds of the new offer are running for 20 to 30 years. [22]
Herbert Henry Dow (February 26, 1866 – October 15, 1930) was an American chemical industrialist who founded the American multinational conglomerate Dow Chemical.A graduate of the Case School of Applied Science in Cleveland, Ohio, he was a prolific inventor of chemical processes, compounds, and products, notably bromine extraction from sea water, and was a successful businessman.
A little over one year ago, Pipe raised a $6 million seed round led by Craft Ventures to help it pursue its mission of giving SaaS companies a funding alternative outside of equity or venture debt.