Brief: Ingevity - On March 20, Co, Westrock Shared Services, Llc, Westrock Mwv, Llc, Entered Amended & Restated Crude Tall Oil & Black Liquor Soap Skimmings Deal

Ingevity

24/03/2023 20:42

March 24 (Reuters) - Ingevity Corp  NGVT.N :
    * INGEVITY -  ON MARCH 20, CO, WESTROCK SHARED SERVICES,
LLC,
WESTROCK MWV, LLC, ENTERED AMENDED & RESTATED CRUDE TALL OIL &
BLACK LIQUOR SOAP SKIMMINGS DEAL
    * INGEVITY CORP - AGREED TO CONTINUE TO PURCHASE ENTIRE
OUTPUT OF
CRUDE TALL OIL AND BLACK LIQUOR SOAP SKIMMINGS FROM CERTAIN OF
WESTROCK'S KRAFT MILLS
    * INGEVITY CORP - WESTROCK IS NOT REQUIRED TO PRODUCE ANY
MINIMUM
QUANTITY OF PRODUCTS AND MAY NOT SELL PRODUCTS TO THIRD PARTIES
    * INGEVITY CORP - INGEVITY NO LONGER HAS CONTRACTUAL RIGHT
TO
PURCHASE CTO OR BLSS PROCURED BY WESTROCK FROM THIRD PARTIES
    * INGEVITY CORP -  ON MARCH 21, INGEVITY, GEORGIA-PACIFIC
LLC, AND
GP PINE CHEMICALS LLC, ENTERED SECOND AMENDMENT TO CRUDE TALL
OIL SUPPLY AGREEMENT
    * INGEVITY CORP - INITIAL TERM OF GEORGIA-PACIFIC SUPPLY
AGREEMENT
EXPIRES ON MARCH 8, 2038, UNLESS EARLIER TERMINATED IN
ACCORDANCE WITH ITS TERMS


Further company coverage:  NGVT.N 

 ((Reuters.Briefs@thomsonreuters.com;))