Caustic deal.Caustic Deal: Occidental Petroleum Occidental Petroleum Corporation ("Oxy") NYSE: OXY is an international oil and gas exploration and production company with operations in the United States, Middle East/North Africa and Latin America regions. Corp. agreed to buy three chemical plants and other assets other assets Assets of relatively small value. For financial reporting purposes, firms frequently combine small assets into a single category rather than listing each item separately. from Vulcan Materials Co. for at least $214 million to boost production of chlorine and to cut costs. Vulcan, based in Birmingham, Ala., is exiting the chemical business to focus on construction materials. Los Angeles-based Occidental oc·ci·den·tal or Oc·ci·den·tal adj. Of or relating to the countries of the Occident or their peoples or cultures; western. n. A native or inhabitant of an Occidental country; a westerner. Noun 1. had annual production of about 3.1 million tons of chlorine, along with caustic soda caustic soda: see sodium hydroxide. caustic soda Sodium hydroxide (NaOH), an inorganic compound. The alkalies called caustic soda and caustic potash (potassium hydroxide) are very important industrial chemicals, with uses in the manufacture of , a related product used to make soap and paper and to treat water. |
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