On May 3, Dow issued an emergency notice saying that due to the accident of a supplier of upstream raw materials, its ability to supply key raw materials to Dow's business was interrupted. 25 Feb 2021 | 23:13 UTC; Houston; . Commodity Prices and Essential Market Data, Upstream Cost Analysis Service First Quarter 2023 Update, S&P Global Commodity Insights East Africa Forum. Baytown, Texas, refining and chemical complex, including three crackers with a combined capacity of 3.8 million mt/year; TPC Group: Houston site . Stay ahead of the rapidly changing energy and commodity markets with the latest news and insight from Argus. 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 . Nordic Chemical: Plans to shut down its 300,000-ton/year cracker in Antwerp, Belgium for maintenance by late January. 5:03. 31-Jan-2022 2:02 PM. Das Duo an der Spitze: CEO Wolfgang Moyses (li.) 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. Force Majeure in der . 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. More petrochemical force majeures and plant shutdowns emerged Feb. 18 as the US Gulf Coast continued grappling with a deep freeze that brought the coldest sustained temperatures seen in the region in more than a century. 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. GreenChem furthers our Go Green initiative. According to local news reports, the shutdown was due to insufficient supply of raw materials, and production had to be cut by about half. **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. The chemical giant layoffs 'self-help', more than 10% of its European employees! Read blog articles and case studies about Dow's vision, ambitions and actions to help create a more sustainable, equitable world. Wanhua, Dow and other giants all issued price increases! According to German media reports, on December 17, Dow stated that it had formally written to its customers, stating that all grades of polyethylene products produced by Dow in Europe were caused by the failure of two of the company's three cracking units in Terneuzen, the Netherlands. The company has not yet given a specific response to resume production. As a result of this event, for . FACTBOX: More force majeures, shutdowns emerge from US Gulf Coast FACTBOX: Deep freeze prompts force majeures, shutdowns at US Gulf Coast control of The Dow Chemical Company ("Dow"), Dow is unable to supply you with the. Ineos: Beginn der Phase 2 beim Cracker-Bau Project One" 19-Feb-2021. **Indorama Ventures: Port Neches, Texas, 235,867 mt/year cracker, 1 million mt/year ethylene oxide/monoethylene glycol unit, 238,135 mt/year propylene oxide unit, and 988,000 mt/year of MTBE capacity; Clear Lake, Texas, 435,000 mt/year EO, 358,000 mt/year MEG. Dow had previously declared force majeure on all grades of polyethylene produced in Europe. The facility had just resumed production on January 24, 2006. Therefore, LyondellBasell really declared force majeure on products such as tert-butyl acetate and ethylene glycol ether acetate (EBA, DBA) on April 22. FORCE MAJEURES ** Dow Chemical: Declared Feb. 19, on 2-ethylhexanol and butanol products from its Texas City, Texas complex . 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. 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. Die weltweite Konjunkturschwche hat Dow Chemical (Midland, Michigan / USA) in die Verlustzone gedrckt. 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. Re: Notice of Force Majeure for Dow Propylene Oxide. It seems that the extreme shortage of polyurethane has caused serious damage to industries such as furniture and mattresses. SABIC has previously announced the force majeure upgrade of LDPE in the Netherlands. Force Majeure - Everchem Specialty Chemicals 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: The purpose of this letter is to advise that, due to circumstances beyond the reasonable. US MDI markets tightening on shortages for isocyanate precursors At present, the company has expanded the upgrade stage and announced that its entire PE production in Europe has encountered force majeure. **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. *Curve comparison and historical data download, View all products of Market Price & Insight. Herma: Schwierige Beschaffungslage bei Rohstoffen . What's wrong?Dow, BASF and other manufacturers have declared force September 17, 2021 at 12:22 am. Textile giant announced some factories to stop production and reduce production. . To continue reading you must login or register with us. Journalist: Li Hua. Newswire. BEVs Take Half the Spots on 2022 Wards 10 Best Interiors & UX List. The company has not given a timetable for resuming production. 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. 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. Published date: 09 September 2021. West Palm Beach, FL 33401, Copyright 2023GreenChem IndustriesAll Right Reserved. Mrz 2023 gehrt Roman Billiani, CEO Business Unit Food & Specialities beim Kartonverpackungshersteller MM Packaging (Wien / sterreich), mit zum Fhrungsteam. ), AkzoNobel Announces Paint the Future Collaborations, ECHEMI Overseas Buyers Opinions on Chinese Suppliers and Industry Development, Sino-US Symposium on Natural Health Products. The Inside Story of Buffetts Big Japan Bet, Over Glasses of Coke at Four Seasons, Qantas Names Vanessa Hudson as CEO, First Woman to Lead Airline, Corporate America Focuses on Cost Cuts and Layoffs Not Growth, Peru Inflation Falls Below 8%, Supporting Central Bank Ambitions, IMF Chief Says Rising Rates Exposed Banking Vulnerabilities, CitigroupsFraser Says Return-to-Office Trends Drive Property Fears, IBM to Pause Hiring for Jobs That AI Could Do, Apple-Masimo Judge Declares Mistrial in Trade-Secret Theft Fight, Twitter Logged Off Some Users From the Desktop Version of Site, Biden, Marcos Reaffirm Ironclad Alliance as Tensions With China Grow, Republican Party Has a Future Beyond Trump, Youngkin Says, First Republic Sale Fills Bankers With Relief and Worry, Morgan Stanley Plans 3,000 More Job Cuts as Dealmaking Slumps, MGM Resorts Tops Estimates, Cites Gains in Vegas and Macau, Taylor Swift Helps Boost Las Vegas Tourism to Pre-Covid Levels, JPMorgan Jumped On First Republic's Exploding Manhole Cover, More Companies Head to Space, But No One Can Agree on the Rules Up There, Why Chinese Banks Arent Worried About Depositors Fleeing, The Boring Old Box Truck Gets the Tesla Treatment, E. Jean Carroll Testifies TrumpCritic Conway Encouraged Her Lawsuit, Trump Is Denied Mistrial Over Unfair Rulings in E. Jean Carroll Case, Brookfield Eyes Green Steel for Multibillion New Transition Fund, Bara DitchingPrivate Jet for Train Points toGreener Football, Germany Sets the New Standard for Cheap, National Mass Transit, Chinas Now Spurning Ugliest Buildings That Symbolized Its Meteoric Rise, Broke Chinese Gen Zs Turn Factory Town into Top Tourist Spot, Nigerias SEC Plans to Allow Asset-Backed Tokens But Not Crypto, Bitcoin Sags After its Longest Streak of Monthly Gains Since 2021, Bitcoin on Course for Longest Streak of Monthly Gains Since 2021. Many chemical companies such as Dow, LyondellBasell and Covestro have Market sources also said restarts were expected to be gradual, as inspections could be lengthy given the need to assess any leaks or cracks in pipes, and they need full power restoration to conduct those inspections. Monument Chemical Price Increase, March 16, 2023, ExxonMobil Price Increases, March 9, 2023. Dow declares HDPE/LLDPE force majeure in Louisiana Silicon's 300% Surge Throws Another Price Shock at the World GreenChem furthers our Go Green initiative. Force majeure Dow Orange, Texas Site shutdown . Live market coverage co-anchored from Hong Kong and New York. HOUSTON (ICIS)-US methylene diphenyl diisocyanate (MDI) supplies are facing further tightening amid shortages of precursors used in isocyanate production. August 18th, 2021. Foam's force majeure - Furniture Today ECHEMI 2021-07-30. Buffett Will Beat theMarket asRecession Looms, Investors Say, Rivians Troubles Dont End at a 93% Wipeout, First Republics Jumbo Mortgages Brought On Banks Failure, Asia Stocks Set for Mixed Start as Treasuries Drop: Markets Wrap, Yellen Warns Congress Treasury May Run Out of Cash Soon as June. Feb 24th, 2021. BASF, Dow Chemical Co. and other companies that supply foam producers with chemicals have declared force majeure, circumstances beyond companies' control that prevent them from meeting their . West Palm Beach, FL 33401, Copyright 2023GreenChem IndustriesAll Right Reserved. 1400 N Providence Rd 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). Dow has been informed by one of its upstream raw material suppliers that that supplier has experienced an unplanned event impacting its ability to supply key raw materials to Dows Operations. Pursuant tothe terms of the Contract, Dow is excused from performance during the term of this ForceMajeure event.This situation is due to extreme weather conditions related to Hurricane Ida, which haveresulted in an unplanned shutdown and/or disruptions in operations, logistics, and rawmaterial supply. 2021. Crazy' price hike! **Union Pacific advised customers Feb. 18 that recovery efforts were making progress as weather conditions improved, and commercial power and water were slowly returning to areas of its network in Texas, though ongoing road closures hindered moving crews through the South. . Dow Removes FM on MDI Products - Everchem Specialty Chemicals Browse images and videos of the markets and communities Dow does business in, as well as its philantrhopic efforts. The shortage in silicon metal, sparked by a production cut in China, has sent prices up 300% in less than two months. Celanese also declared force majeure Feb. 18 on multiple chemicals, including VAM and acetic acid. Recently, Dows 340,000-ton/year MDI device in Texas, USA was interrupted due to an unexpected mechanical failure of the raw material supplier. **Olin: Declared Feb. 16 on US chlorine, caustic soda, ethylene dichloride, epoxy, hydrochloric acid and other products produced at its Freeport, Texas, complex. 2023 by S&P Global Inc. All rights reserved. West Palm Beach, FL 33401, Copyright 2023GreenChem IndustriesAll Right Reserved. It is expected that Fibrant's operating rate will take several weeks to return to normal levels. Monument Chemical Price Increase, March 16, 2023, ExxonMobil Price Increases, March 9, 2023. AnQore announces force majeure of the company's Acrylonitrile. Die weltweite Konjunkturschwche hat Dow Chemical in die Verlustzone gedrckt. Surteco: Rckgnge bei Erlsen und Ertrgen | KunststoffWeb ECHEMI 2021-03-03. Resin makers still assessing impact of Hurricane Ida BASF warns of ethylene oxide shortage after technical problems. Suite 302 . Shell declares force majeure on Gulf deliveries after Ida hit Pursuant to the terms of the Contract, Dow is excused from performance during the term of this Force Majeure event. DOW Notice of Force Majeure for North America. Feb 24th, 2021 Everchem Specialty Chemicals 9/9/2021. Houston The force measure was declared on 2nd July . AnQore, the world's leading producer of acrylonitrile/hydrocyanic acid, announced force majeure for acrylonitrile at its Geleen plant in the Netherlands. Dow regrets this situation and thanks you for your continued patience during this difficult period.We intend to keep you informed as new information becomes available. Dow will allocate available product in a manner that is fair and reasonable. 2023 Argus Media group. Influence. Speak with ICIS. [contact-form-7 id=5739 title=News Contact Form], Sign up today for market information and newsletter, 222 Clematis Street, Suite 207 Privacy Policy |Terms of Sale|Terms and Conditions, CPHI is the premier annual convention that unites players in the pharmaceutical industry from across, 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, Subscribe for exclusive offers and updates on new arrivals, 222 Clematis Street, Suite 207 West Palm Beach, FL 33401, CPHI 2023; UNLOCKING THE FULL POTENTIAL OF THE PHARMACEUTICAL INDUSTRY, Lyondellbasell Price Increases, April 7, 2023, Monument Chemical Price Increases, April 1, 2023. LyondellBasell Propylene Oxide & Derivatives - Force Majeure Event (an "Event of Force Majeure"). According to foreign media reports, LyondellBasells 1.5 million tons/year cracking furnace in Texas was closed in the last week of June. Customer letters about the force majeures from both companies noted that impacts beyond the cold include ability to access truck and rail transportation to move products as well as restoration of electric power. 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. Dow is using all commercially reasonable means to address this situation and hopes to be in a position to resume ethyleneamines supply soon.Dow will allocate available product in a manner that is fair and reasonable. Markets never sleep, and neither does Bloomberg. August 13, 2021. The status of the device has not been announced so far. Notification: Force majeure of Dow Polyurethanes MDI products lifted in North America. At present, it seems that the tightness on the supply side still exists, and the foreign source of goods is not abundant enough, there is still a certain degree of support. Evonik catalyst FM a concern for EU biodiesel output 1,4-Dihydroxyanthraquinone CAS NO. Gazprom Neftekhim Salavat is repairing low-density polyethylene (LDPE) and high-density polyethylene (HDPE) plants, and the shutdown period will last 30 days. According to the latest news, BASF announced that the . BASF warns of ethylene oxide shortage after technical problems Wie das Unternehmen mitteilte, wurden die ersten Infrastrukturarbeiten - zu denen etwa das Verlegen von unterirdischen Rohrleitungen . Spezialisiert auf Ummantelungen aus Kunststoff hat Reiku mit rund 60 Mitarbeitern im vergangenen Jahr einen Umsatz von 14 Mio EUR erzielt. The article you are searching for was not found. You exceeded the limit of bookmarked content(only 15 bookmarks are allowed).Please remove one of the bookmarks. The Garyville plant has annual PP production capacity of almost 950 million pounds. 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. Sasol: Force majeure declared Aug. 31 on all North American polyethylene, including all LLDPE and HDPE grades. Monument Chemical Price Increase, March 16, 2023, ExxonMobil Price Increases, March 9, 2023. Dow has approximately 847,000t/yr of LLDPE/HDPE swing capacity at the site, located near its Taft, Louisiana . ** Celanese: Declared force majeure Feb. 18 on multiple intermediate chemicals normally sold to customers in the US, Europe and the Middle East, including acetic acid, VAM, ethyl . 81-64-1, Delivering the latest product trends and industry news straight to your inbox. (We'll never share your email address with a third-party. Be sure to reach out to your dedicated GreenChem Sales Rep for further insight on how the latest chemical news might effect you. Lyondell Basel's 1.5 million tons cracking plant quickly went offline after a short restart. Chemicals firms declare force majeure on silicone products. Butyl Glycol Ethers. All rights reserved. FACTBOX: Post-freeze petrochemical restart efforts - S&P Global Dow: Chemiegigant rutscht in die roten Zahlen | KunststoffWeb Disclaimer: ECHEMI reserves the right of final explanation and revision for all the information. INSIGHT: Winter outages exacerbate tightness in the US PE markets
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