Word: butyl
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Dates: during 1950-1959
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...announced the Government will sell its 50% interest-exactly five shares of common stock-in Jasco, Inc., a World War II prize confiscated from Germany's I. G. Farbenindustries. Jasco owns the basic patents on just about every process used in synthetic rubber, from butadiene for tires to butyl for tubes, Oppanol for insulation hose...
...Farben combine for the U.S. rights to its new hydrogenation process of making gasoline from coal. Their deal included the formation of a Joint American Study Commission (Jasco), by which each would share in any future developments. The joint work led to butadiene rubber and later butyl. But when the U.S. had trouble getting a synthetic program going in World War II, Jersey Standard's alleged "Nazi" tie-up got it damned for everything from trading with the enemy to "treason" (by then Senator Truman...
...years and more than double the price of six months ago. But the U.S. acted swiftly to guarantee adequate stockpiles of synthetic rubber. At the urging of rubber manufacturers, the White House ordered back into production three of the Government's twelve idle wartime synthetic-rubber plants: a butyl plant at Baton Rouge, La., a butadine plant at Houston and the Port Neches, Texas, plant which makes general-purpose rubber. This would boost synthetic-rubber production by about 20% and bring total production to about 500,000 tons a year, enough to handle all civilian and military needs, barring...