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LyondellBasell has settled environmental claims brought by EPA, the Department of Commerce, and the Department of the Interior. The company will pay a total of about $162 million in cash for the cleanup of 15 hazardous waste sites across various states. About two-thirds of the money will go into a custodial trust, and the rest will be used to fulfill Lyondell's obligations at six Superfund sites. The government has another $1.1 billion in claims against Lyondell but anticipates getting only a fraction of the money owed as a creditor under Lyondell's bankruptcy reorganization plan.
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