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Restructuring | 12 Months Ended
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Dec. 31, 2020
Restructuring Charges [Abstract] |
Restructuring | Note 5. Restructuring During 2020, the Company recorded a charge of $21.3 million for the restructuring of its Octane Additives segment in line with the end of the manufacturing and sale of TEL for use in motor gasoline. As a result, the Octane Additives segment ceased trading and is no longer a reporting segment from July 1, 2020. Production of TEL will continue for sales to the aviation market (“AvTel”), as reported within our Fuel Specialties segment. The restructuring charge comprise s the future committed costs of environmental monitoring of $2.0 million, remediation of facilities of $7.5 million, contract termination costs o f $7.2 million, impairment of tangible assets of $2.0 million and costs of redundancy due to the down-sizing of the TEL operations of $2.6 million. During the year ended December 31 , 2020 the utilization and the unwinding of the discounting was not material.

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- Definition The entire disclosure of costs incurred for restructuring including, but not limited to, exit and disposal activities, remediation, implementation, integration, asset impairment, and charges against earnings from the write-down of assets. + References No definition available. + Details
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