Fibrant announces force majeure of the company's Cyclohexanone and caprolactam. Vinnolit, a large European PVC producer, announced that due to the heavy rains on July 13 and 14, factories near Cologne are facing huge problems in the supply of raw materials. Now, more than ever, dynamic insights are key to navigating complex, volatile commodity markets. More than three-quarters of the U.S. Gulf of Mexico's offshore oil output remained shut following Ida. Recently, Dows 340,000-ton/year MDI device in Texas, USA was interrupted due to an unexpected mechanical failure of the raw material supplier. Staff. In addition, the force majeure of MDI originally announced on February 17 this year still exists. . GreenChem furthers our Go Green initiative. Dow is using all commercially reasonable means to address this situation and hopes to be in a position to resume Propylene Oxide supply soon. Live from New York and Hong Kong, bringing you the essential stories from the close of the U.S. markets to the open of trading across Asia. However, no official announcement has been done by Dow yet, nevertheless the turnaround might come into effect soon in USA. Vinnolit announces force majeure for PVC and VCM. Speak with ICIS. The floods affected the infrastructure for the transportation of Naphtha, a key raw material. Media, PA 19063, Terms & Conditions Copyright 2023 Everchem Specialty Chemicals. Recently, Dow's 340,000-ton/year MDI device in Texas, USA was interrupted due to an unexpected mechanical failure of the raw material supplier. Here is a rundown of confirmed fallout from the freeze: **Formosa Plastics USA: Declared Feb. 18 on PVC, 1.3 million mt/year of capacity at Point Comfort, Texas, and Baton Rouge, Louisiana, complexes. Dow declared force majeure on high density polyethylene (HDPE) and linear low density polyethylene (LLDPE) produced at its St Charles, Louisiana, facility this week in the aftermath of Hurricane Ida. Dow regrets this situation and thanks you for your continued patience during this difficult period. All Rights Reserved. 04-Jan-2021: WO : T : Published : ORD : PCTGB01/00 : 04-Jan-2001 : 04-Jan-2021 . At present, the company has expanded the upgrade stage and announced that its entire PE production in Europe has encountered force majeure. Covestros 320,000-ton/year MDI device in Texas, USA and the 420,000-ton/year MDI device in Brunsbet, Germany both issued force majeure declarations in July. Be sure to reach out to your dedicated GreenChem Sales Rep for further insight on how the latest chemical news might effect you. quantities of Glycol Ethers, including: Methyl Glycol Ethers, extending an existing force majeure. The Electric Reliability Council of Texas authorized utilities to end rolling blackouts on Feb. 18, despite more than 40 GW of generation remaining offline as a result of the freeze. Privacy Policy |Terms of Sale|Terms and Conditions, Effective May 1, 2023; ExxonMobil will increase its prices for the following products: All grades, Effective April 29, 2023; CITGO Petroleum Corporation will increase its price for the following products:, Effective April 7, 2023; Lyonellbasell will increase its price for the following products: Isopropyl Alcohol, Effective April 1, 2023; Monument Chemical will increase its prices for the following products: DPM, Effective April 1, 2023; Monument Chemical will increase its price for the following product: Isopropyl, As a company, we are always looking for ways to Go Green, improve our sustainability, Effective March 15, 2023; The Dow Chemical Company will increase its prices for the following, Effective March 16, 2023; Monument Chemical will increase its price for the following product: Isopropyl, Effective March 9, 2023; ExxonMobil Product Solutions Company will increase its prices for the following, Effective November 5, 2022, Citgo Petroleum Corporation will advance off-list prices on Toluene and Xylene, Subscribe for exclusive offers and updates on new arrivals, 222 Clematis Street, Suite 207 West Palm Beach, FL 33401, Lyondellbasell Price Increases, April 7, 2023, Monument Chemical Price Increases, April 1, 2023. Discover more about S&P Globals offerings. ECHEMI 2021-07-30. Celanese also declared force majeure Feb. 18 on multiple chemicals, including VAM and acetic acid. *Curve comparison and historical data download, View all products of Market Price & Insight. **ExxonMobil: Baytown, Texas, refining and chemical complex, including three crackers with a combined capacity of 3.8 million mt/year; 800,000 mt/year PP, **ExxonMobil: Beaumont, Texas, refining and chemical complex, including an 826,000 mt/year cracker; 225,000 mt/year HDPE; 240,000 mt/year LDPE; 1.19 million mt/year LLDPE with some HDPE capacity, **Dow Chemical: Certain units offline within Dow sites along the US Gulf Coast, but the company did not specify. Dow is using all commercially reasonable means to address this situation and hopes to be in a position to resume product supply as soon as possible. und CFO Andreas Ptz (Foto: Surteco) Das Minuszeichen prgt den Geschftsbericht des Folien- und Profilherstellers Surteco (Buttenwiesen-Pfaffenhofen) fr das vergangene Jahr: Beim Umsatz gab es ein Minus von 1 Prozent auf 748 Mio EUR, beim . The company initially expected to resume operations within one to two weeks, but did not resume production until July 20, and went offline again 6 hours after resuming production. May 27, 2015. Silicon metal at the Alumetal Group Hungary Kft. 2021. BMW M Introduces 650-hp i7 M70 xDrive Sedan. Pursuant to the terms of your applicable Sales Contract, Dow is excused from performance during the term of this Force Majeure event. The purpose of this letter is to advise you that, due to circumstances beyond the reasonable control of The Dow Chemical Company (Dow), Dow is unable to supply you with the quantities of Propylene Oxide as provided in the applicable sales agreement or purchase order (Contract). Neu im dvi-Vorstand: Roman Billiani (Foto: dvi) Im Vorstand des Deutschen Verpackungsinstituts (dvi, Berlin) hat es einen Wechsel gegeben: Seit der Mitgliederversammlung am 31. ", **TPC Group: Houston site shut down, including 544,310 mt/year butadiene unit, when boilers lost steam, **Motiva Chemicals: Port Arthur, 635,000 mt/year mixed-feed cracker, **Shell: Deer Park, Texas, refining and chemical complex, including two crackers with a combined 961,000 mt/year of capacity, **Shell: Norco, Louisiana, refining and chemical complex, including two crackers with a combined capacity of 1.42 million mt/year, **Chevron Phillips Chemical: Pasadena, Texas, 998,000 mt/year HDPE, **US spot ethylene prices climbed 0.75 cents/lb to 41.75 cents/lb FD Mont Belvieu and 40.75 cents/lb FD Choctaw, building on earlier gains on cracker shutdowns, **VAM prices rose 1.13 cents/lb week on week Feb. 18, its highest level since August 2018, as Dow and Celanese each included VAM in force majeure declarations, **US polymer prices held steady amid muted activity amid power outages, **Houston Ship Channel: shut mid-afternoon Feb. 14; reopened Feb. 16 until late afternoon; reopened morning of Feb. 17 until evening; reopened morning Feb. 18; fog expected the week of Feb. 22 as temperatures rise, **Sabine Pass: port shut mid-afternoon Feb. 14, resumed inbound traffic midday Feb. 16, shut Feb. 17, reopened Feb. 18, **Corpus Christi: port shut Feb. 14, resumed boarding vessels Feb. 16 until late evening when shut again per weather; resumed boarding midday Feb. 17; closed Feb. 18 due to fog. Receive daily email alerts, subscriber notes & personalize your experience. den Schtz 2021 mit der bernahme von Gem Plastics erwarb, fertigt das Unternehmen Kunststofffsser sowie verschiedene Kanisterserien. Your allocation volume will be communicated to you by your account manager as soon as possible.Dow regrets this situation and thanks you for your continued patience during this difficult period. 1400 N Providence Rd We intend to keep you informed as new information becomes available. Wie das Unternehmen mitteilte, wurden die ersten Infrastrukturarbeiten - zu denen etwa das Verlegen von unterirdischen Rohrleitungen . This situation is due to extreme weather conditions that resulted in temperatures below freezing at Dow's St. Charles, Louisiana operations (the . Silicon metal output disrupted amid electricity curbs in China, Chemicals firms declare force majeure on silicone products. August 18th, 2021. Monument Chemical Price Increase, March 16, 2023, ExxonMobil Price Increases, March 9, 2023. The force measure was declared on 2nd July . Many chemical companies such as Dow, LyondellBasell and Covestro have encountered force majeure! West Palm Beach, FL 33401, Copyright 2023GreenChem IndustriesAll Right Reserved. Dow's Gulf Coast operations include a complex at Freeport, Texas, with three crackers able to produce a combined 3.2 million mt/year, two LDPE units with 552,000 mt/year and 186,000 mt/year HDPE; Dow's Seadrift, Texas, complex includes 490,000 mt/year LLDPE and 390,000 mt/year HDPE; Dow told South American customers in a letter dated Feb. 16 that the company was assessing impact on PE production capacity "and we know that our ability to supply various products could be affected. The Garyville plant has annual PP production capacity of almost 950 million pounds. CDT 084. As per the recent information, Dow Chemicals may announce maintenance turnaround on its Texas based 475,000 tons/annum Methyl Methacrylate (MMA) unit during this quarter. Dow: Two of three crackers in Terneuzen, the Netherlands, failed. Our editors and experts share insights and analyses about energy and commodity markets worldwide. Dear Valued Customer: The Dow Chemical Company is lifting the force majeure we declared on September 30, 2020 with respect to all North American MDI products, including, but not limited to, the following products: Ethyl Glycol Ethers. Prior to this, Lyondell Basels letter to customers on July 16 stated that after the extreme weather struck by lightning on July 13th, Lyondell Basel closed the Quantum Chemicals 509,000-ton/year PP plant in Louisiana. Your allocation volume will be communicated to you by your account manager as soon as possible. BP's unexpected transaction: involving 4 Chinese factories, Reed Exhibitions cancels 2020 in-cosmetics Global, Seven Reasons why doesn't the ocean freeze, The export volume of cosmetics in December was 428.3 million US dollars, What are the best borehole water treatment chemicals, Policies guide the healthy development ofhealth food industry, Fluid, Electrolyte, and Acid-base Balance, View all products of Market Price & Insight, Trade Alert - Delivering the latest product trends and industry news straight to your inbox. Pursuant to the terms of the Contract, Dow is excused from performance during the term of this Force Majeure event. **Olin: Freeport, Texas complex, with 3 million mt/year of caustic soda and 2.73 million mt/year of chlorine capacity; 748,000 mt/year of EDC, **OxyChem: Ingleside, Texas, 544,000 mt/year cracker; 248,000 mt/year chlor-alkali; 680,000 mt/year EDC; Deer Park and Pasadena, Texas, 1.27 million mt in PVC capacity; 1.79 million mt/year of VCM capacity; 580,000 mt/year chlor-alkali, **Shintech: Freeport, Texas: 1.45 million mt/year PVC. Hydrogen Finally Getting Its Day. GreenChem furthers our Go Green initiative. Chemicals firms declare force majeure on silicone products. At the beginning of 2021, Dow has experienced force majeure, which will have a certain impact on the supply of ethylene oxide, polyether polyols, and the chemical market, and will also bring a certain degree of panic. Die weltweite Konjunkturschwche hat Dow Chemical in die Verlustzone gedrckt. Nordic Chemical: Plans to shut down its 300,000-ton/year cracker in Antwerp, Belgium for maintenance by late January. Suite 302 Journalist: Li Hua. Its free and easy to do. 5:03. Commodity Prices and Essential Market Data, Upstream Cost Analysis Service First Quarter 2023 Update, S&P Global Commodity Insights East Africa Forum. AnQore, the world's leading producer of acrylonitrile/hydrocyanic acid, announced force majeure for acrylonitrile at its Geleen plant in the Netherlands. Force Majeure in der . Formosa Plastics USA declared force majeure Feb. 17 on chlor-alkali products, including chlorine and caustic soda, while Dow Chemical declared Feb. 18 on numerous intermediate chemicals, including vinyl acetate monomer and, methyl methacrylate at sites in Texas, Louisiana and Kentucky. FACTBOX: Petroleum, power markets show signs of easing as Texas power returning. It seems that the extreme shortage of polyurethane has caused serious damage to industries such as furniture and mattresses. By subscribing, you can get the latest Dow news and information delivered straight to your inbox. The data problem slowing down progress on climate targets in the chemical industry. Dow is using all commercially reasonable means to address thissituation and hopes to be in a position to resume Glycol Ethers supply soon.Dow will allocate available product in a manner that is fair and reasonable. Dow: The supply of the 340,000-ton/year MDI device in Texas, USA was interrupted due to unexpected mechanical failures by . The Dow Chemical Company whose primary place of business is at 2030 Building, . To continue reading you must login or register with us. The notice shows that the allocation is based on the average monthly purchases of customers over the past 6 months (October 2021-March 2022), which will be effective from May 1, 2022. Under the extremely cold storm in the United States, the world's large oil refinery collective closed, plastic chemical industry market capacity decreased dramatically, Formosa plastics America, dow chemical, celanese, ineos, the chemical giant announced the closure of force majeure, such as dupont, DSM, families and strong chemical companies . 16 Feb 2021 | 22:56 UTC; Houston; . According to the authoritative American media ABC 10News, Russ Batson, executive director of the Polyurethane Foam Association, said in an interview that the current shortage of MDI in North America has lasted for several months, and he expects that the supply level will be difficult to return to normal before Christmas. AnQore announces force majeure of the company's Acrylonitrile. ), AkzoNobel Announces Paint the Future Collaborations, ECHEMI Overseas Buyers Opinions on Chinese Suppliers and Industry Development, Sino-US Symposium on Natural Health Products. 1,4-Dihydroxyanthraquinone CAS NO. The track connections of the factories and some of the infrastructure for the production of PVC and VCM (vinyl chloride) are also affected. **BNSF Railway advised customers on Feb. 16 that many trains in Texas were holding due to widespread power outages and road closures that affected movement of train crews and other personnel, and delays in shipments were expected to last until conditions improve. West Palm Beach, FL 33401, Copyright 2023GreenChem IndustriesAll Right Reserved. One, the chemical giants continue to force majeure. Listen to this article. Westlake Chemical: Force majeure declared on Aug. 31 on all North American PVC and VCM. South Korea's Hanwha phthalic anhydride plant shuts down. It has not yet given a timetable for resuming production. Published date: 09 September 2021. Recently, Dow Chemical Europe Ltd. declared force majeure, effective immediately. Re: Notice of Force Majeure for Dow Propylene Oxide. Sasol: Force majeure declared Aug. 31 on all North American polyethylene, including all LLDPE and HDPE grades. The current shutdown date is undetermined. (an "Event of Force Majeure"). Dow had previously declared force majeure on all grades of polyethylene produced in Europe. Dow is using all commercially reasonable means to address this situation and hopes to be in a position to resume product supply as soon as possible. Crazy' price hike! Remember, you can manage cookies in your browsers settings. Bayport is a big styrene monomer facility at over . The company has not given a timetable for resuming production. Im Jahr 2021 wurden in Deutschland rund 17 Mrd PET-Getrnkeflaschen produziert: Dafr wurden rund 446.000 t PET verarbeitet; das sind annhernd 5 Prozent weniger als im Vergleichsjahr 2019. . Butyl Glycol Ethers. Please use the button below and we will bring you back here when complete. aluminium processing plant in Komarom, Hungary. 31-Jan-2022 2:02 PM. The purpose of this letter is to advise that, due to circumstances beyond the reasonable control of The Dow Chemical Company (Dow), Dow is unable to supply you with the quantities of products listed below: Butyl CELLOSOLVE Solvent (EB) Butyl CARBITOL Solvent (DB) Methoxytriglycol (MTG) Methoxpolyglycol (MPG) Methyl CARBITOL Solvent CARBITOL Solvent (DE)as provided in the applicable sales agreement or purchase order (Contract).
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