Prospective purchaser agreement finalized for redeveloper of the Olin Eames Street Property in Wilmington, Massachusetts

Prospective purchaser agreement finalized for redeveloper of the Olin Eames Street Property in Wilmington, Massachusetts

October 1, 2024

BOSTON (Oct. 1, 2024) - Today, EPA New England (EPA) announced a final Prospective Purchaser Agreement (PPA) for the Olin property - the approximately 50-acre parcel at 51 Eames Street in Wilmington, Massachusetts - where chemical manufacturing and waste disposal activities were formerly conducted. These industrial activities resulted in extensive environmental contamination that led to the Olin Chemical Superfund Site's designation as a federal Superfund site in 2006.

A prospective purchaser agreement is the primary settlement tool used by EPA to address the liability concerns of a prospective purchaser or other third party who wants to redevelop a site. EPA's PPA is with the real estate developer Wilmington Woburn Industrial, LLC (WWI), previously Wilmington Woburn Intermodal, LLC, an affiliate of GFI Partners, LLC.

WWI's proposed redevelopment of the Olin property includes the construction of a 195,400 square foot warehouse facility at the main entrance to the Olin property along Eames Street.

"EPA continues to move forward with necessary cleanup measures and advancing ongoing groundwater investigations at this site," said EPA New England administrator David W. Cash. "At the same time, EPA will ensure that the proposed redevelopment does not interfere with the cleanup and that the property is safe for its intended use."

In the PPA, WWI agrees that it will coordinate and cooperate with Olin Corporation to ensure that the construction of the project will be consistent with the requirements of EPA's cleanup plan for the site and consistent with EPA's Consent Decree with Olin Corporation and three other parties responsible for the contamination, to conduct the cleanup and pay agency oversight costs.

The PPA, signed by WWI, EPA, and the Environmental and Natural Resources Division of the U.S. Department of Justice, was previously made available for public review and comment for a 30-day period that ran from July 2 to Aug. 1, 2024. After reviewing all the submitted comments, the United States determined that the comments do not disclose information indicating that the proposed PPA is inappropriate, improper, or inadequate. The PPA, now made final, will become effective after WWI acquires the Olin property.

The PPA and related Site documents, including a Responsiveness Summary that provides EPA's responses to the comments on the proposed PPA submitted during the public comment period, and all other documentation are available at EPA's website: https://www.epa.gov/superfund/olin.

The FAQ fact sheet can be found here: https://semspub.epa.gov/src/document/01/682867.pdf(2.5 MB).

Background:

The site includes the Olin property and the surrounding areas that have been impacted by contaminant releases from manufacturing and waste disposal activities formerly conducted at the Olin property.

Chemical manufacturing by a series of owners and operators began at the Olin property in 1953 and continued until the facility closed in 1986. Olin Corporation purchased the property in 1980. The facility was used to produce blowing agents, stabilizers, antioxidants, and other specialty chemicals for the rubber and plastics industries. Prior to the early 1970s, chemicals were discharged into several unlined pits and ponds in the central portion of the property, and later even when lined lagoons were used, leaks in the liners resulted in additional releases of fluids. As the liquid materials moved downward through the soil, they reached the groundwater table - because the liquids were denser than water, they continued to sink downward (as dense aqueous phase liquid or "DAPL"), pooling in a series of cascading depressions on the bedrock surface.

Ultimately, contaminated groundwater migrated nearly a mile to the west and northwest of the Olin property and resulted in the Town of Wilmington placing its municipal drinking water supply wells in the Maple Meadow Brook aquifer off-line due to contamination from the site.

The cleanup plan for the site was selected by EPA in 2021 in a Record of Decision (pdf)(218 MB)(ROD) and includes interim actions to remove ongoing sources of contamination in groundwater and final cleanup actions for addressing contaminated soil, sediments, and surface water at the site. In parallel to the cleanup, studies are ongoing under a separate 2007 EPA settlement agreement to improve the characterization of the bedrock and further define the extent of groundwater contamination. These studies will be used to evaluate long-term groundwater cleanup options, leading to the selection in the future of a final cleanup plan for groundwater. In the near term, these aquifer studies will help identify the best places to locate groundwater extraction wells for the cleanup.

Visit: www.epa.gov/superfund/olin for more information about the site.