Philadelphia Business Journal reported:
The Pennsylvania Department of Environmental Protection (DEP) has fined chemical company PQ Corp. $1.7 million for air quality violations in Chester, Pa.
According to
quarterly emissions reports submitted by PQ to the DEP, the
Malvern-based company exceeded several permitted emission limits for
pollutants like carbon monoxide and nitrogen oxides, and failed to
satisfy the data availability requirements for their systems. The
assessment covers the period between August 2011 and June 2013.
It is majority owned by private equity firm The Carlyle Group, which bought the company in 2007 for $1.5 billion.
In this case PEU stands for PEU. The company happens to be
owned by The Carlyle Group and a smattering of
private equity underwriters.
