Chemical, Energy & Industrial Process Asbestos Trust Funds

Chemical, Energy and Industrial Trust Facts

Why These Asbestos Trusts Matter

Industrial operations frequently depended on heat, steam, pressure and chemical resistance. Historically, asbestos-containing insulation, gaskets, packing, refractory products, cements and other materials could be used around boilers, turbines, piping, pumps, valves, furnaces and process equipment.

Asbestos liability eventually contributed to bankruptcy reorganizations involving several companies connected to industrial equipment, chemicals and energy production. The resulting trusts are legally separate. A worker’s exposure at one plant may potentially involve more than one company, but eligibility must be established independently under each applicable trust’s procedures.

Representative Industrial Asbestos Trusts

Combustion Engineering 524(g) Asbestos PI Trust. The Trust’s official website states that it was established under Combustion Engineering’s confirmed reorganization plan to process, liquidate and pay valid asbestos personal-injury claims. Verus Claims Services is identified as the claims administrator. The Trust’s April 1, 2026 notice reduced the payment percentage to 15.3%.

T H Agriculture & Nutrition, L.L.C. Asbestos Personal Injury Trust. The official THAN website states that the Trust was created in 2009 following confirmation of the company’s Chapter 11 plan. It processes present and future asbestos personal-injury claims under its TDP. The latest payment-percentage notice displayed in the Trust’s official notice archive is dated April 22, 2020; a newer percentage should not be invented without a later authorized notice.

Hercules Chemical Company, Inc. Asbestos Trust. The authorized claims site lists an August 22, 2008 petition date, February 9, 2010 effective date and May 8, 2011 initial claims filing date. It currently displays a 2.0% Payment Percentage effective October 17, 2022.

Babcock & Wilcox Company Asbestos PI Trust. B&W is another major industrial and boiler-related asbestos trust. Its payment percentage has been redetermined over time, illustrating why a claimant should use the newest authorized notice rather than a historical percentage copied from an older article.

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Industrial Process Asbestos Exposure

Industrial asbestos claims can involve workers who installed, operated, repaired or removed equipment and materials in high-temperature or high-pressure systems. Potential exposure circumstances may include:

• Boiler installation, maintenance and overhaul.
• Pipe insulation removal and replacement.
• Valve and pump packing work.
• Flange and equipment gasket replacement.
• Furnace and refractory repair.
• Turbine and steam-system maintenance.
• Powerhouse and utility-system work.
• Chemical-processing and refinery shutdown maintenance.

A job title or facility name alone does not establish trust eligibility. Claimants generally need evidence connecting the injured person to a product, operation, site or entity covered by the particular trust.

Disease Values and Payment Percentages

There is no category-wide asbestos trust payout. Each trust establishes its own disease levels, Scheduled Values, Average Values, Maximum Values, review options and Payment Percentage.

For example, the official Combustion Engineering notice archive currently lists an April 1, 2026 Payment Percentage notice, while the Hercules authorized claims site displays a 2.0% rate effective October 17, 2022. Those percentages belong to different trusts and cannot be interchanged.

A Scheduled Value is also not the same as the amount a claimant receives. Where a trust uses a Payment Percentage, the applicable liquidated claim value generally must be considered together with the current percentage and the governing TDP.

No category-wide mathematical payment example is provided because combining a disease value from one trust with the Payment Percentage of another would be inaccurate.

Medical and Exposure Evidence

Trust Distribution Procedures commonly require both medical and exposure evidence. Requirements vary by disease and trust, but a claimant may need documentation supporting mesothelioma, lung cancer, another cancer, severe asbestosis or another compensable asbestos-related condition.

Exposure proof can include employment records, Social Security work history, union records, plant or jobsite records, invoices, product identification, coworker affidavits and other evidence allowed by the applicable trust.

Official approved-site lists can be useful, but appearing on a site list does not necessarily prove every element of a claim. Conversely, absence from a list does not automatically establish that exposure cannot be proven if the TDP allows other credible evidence.

How Trust Claims Are Filed

Current claim forms and instructions should be obtained directly from the applicable trust or its authorized claims administrator. For example, the official Combustion Engineering resource center provides its TDP, filing instructions, claim form and approved jobsite listings. The THAN resource center similarly provides its TDP, claim form, filing instructions and electronic-filer materials.

Some trusts permit electronic submissions and bulk filing by authorized filers. Others impose filing fees, releases, audit requirements, statutes or limitation provisions, or special procedures for secondary, foreign or indirect claims.

Claimants should verify the current version of every form and notice before submission because trust procedures and payment percentages can change.

How to Compare Different Trusts Accurately

Trust comparisons should keep several concepts separate:

• Historical funding is not current assets. The amount initially contributed to a trust should not be described as the amount currently available.
• Scheduled Value is not guaranteed compensation. A current Payment Percentage or other payment rule may substantially change the amount paid.
• Payment Percentages are trust-specific. A percentage from Combustion Engineering cannot be applied to Hercules, THAN, B&W or another trust.
• Bankruptcy claims are not the same as paid trust claims. Claim counts from a debtor’s bankruptcy should not be presented as the number of claims paid by the resulting trust.
• Current notices control current descriptions. Older percentages should be labeled historical when a newer authorized notice exists.

This page therefore avoids creating a combined “average payout” for chemical, energy and industrial trusts.

Confirmed Primary Sources for Trust Facts

No law-firm or lead-generation website was used as factual authority for the trust facts on this page. Representative primary sources include:

• Official Combustion Engineering 524(g) Asbestos PI Trust website.
• Official Combustion Engineering claim resources and governing procedures.
• Official Combustion Engineering notices, including the April 1, 2026 Payment Percentage notice and 2025 annual report.
• Official T H Agriculture & Nutrition Asbestos Personal Injury Trust website.
• Official THAN Trust Distribution Procedures and claim resources.
• Official THAN notice archive.
• Authorized Hercules Chemical Company Asbestos Trust claims website.
• Official Hercules Trust Distribution Procedures and filing resources.
• Official Babcock & Wilcox Company Asbestos PI Trust website.

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Working in a chemical plant, refinery, power facility or industrial operation does not automatically establish asbestos exposure, trust eligibility or compensation. Eligibility depends on diagnosis, the responsible company or product, qualifying exposure evidence, current trust procedures and individual circumstances. Compensation is not guaranteed.