9/9/2021. Mark Renders/Getty Images/Thinkstock. 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. ** 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 . The company said it had to curtail western hemisphere production on inability to receive natural gas, electricity, industrial gas, potable and firefighting water and other raw materials necessary to operate their plants. The facility had just resumed production on January 24, 2006. West Palm Beach, FL 33401, Copyright 2023GreenChem IndustriesAll Right Reserved. **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. 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. Monument Chemical Price Increase, March 16, 2023, ExxonMobil Price Increases, March 9, 2023. 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. [contact-form-7 id=5739 title=News Contact Form], Sign up today for market information and newsletter, 222 Clematis Street, Suite 207 This resumption of supply is entirely contingent on a . Great Place to Work and FORTUNE recognize Dow for 3rd consecutive year among 100 Best Companies to Work For. Your allocation volume will be communicated to you by your account manager as soon as possible. Monument Chemical Price Increase, March 16, 2023, ExxonMobil Price Increases, March 9, 2023. ", **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. 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 reduction in the supply of raw materials caused Fibrant to also be forced to reduce production. Force Majeure in der . SABIC has previously announced the force majeure upgrade of LDPE in the Netherlands. Track your investments 24 hours a day, around the clock from around the world. Hanwha of South Korea announced that its phthalic anhydride plant (the main raw material for plasticizers) in Ulsan, South Korea, has unexpectedly ceased production due to force majeure. Per the previous letter dated February 16, 2021, Lyondell Chemical Company declared a force majeure event for all products within our Americas Propylene Oxide & Derivatives Portfolio - Propylene Oxide,Propylene-Glycols, Allyl Alcohol, Butanediol & Derivatives, Propylene-Series Glycol Ethers and Propylene-Specialties Glycol Ethers, effective February 16. Pursuant to the terms of your applicable Sales Contract, Dow is excused from performance during the term of this Force Majeure event. After that, the company lifted its force majeure on ethylene, polyethylene, propylene, and other co-products individually in February. Celanese also declared force majeure Feb. 18 on multiple chemicals, including VAM and acetic acid. 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 the following products:Alcohols: 2-Ethyl Hexanol, 2-Methyl Butanol, Butanol, Isobutanol, Isobutanol Mixtures, Primary Amyl Alcohol, Propanol, Propanol MixturesAcids: 2-Ethyl Hexanoic Acid, Isopentanoic Acid, Propionic Acid, Valeric AcidEsters: Butyl Acetate, Propyl Acetate, UCAR Ester EEP, UCAR N-Pentyl PropionateThis situation is due to extreme weather conditions that resulted in temperatures below freezing at Dows Texas City operations, which have resulted in an involuntary unplanned shutdown. The negative impact on net income in the first quarter of 2006 was expected to be U.S. $20 - $25 million. Published date: 09 September 2021. 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. [contact-form-7 id=5739 title=News Contact Form], Sign up today for market information and newsletter, 222 Clematis Street, Suite 207 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. Copyright Dow (1995-2023). In addition, it is worth noting that Tosoh Ruians 80,000-ton/year MDI plant will be overhauled in early August, which is expected to be 25-30 days. Nov 11, 2022. ECHEMI 2021-07-30. [contact-form-7 id=5739 title=News Contact Form], Sign up today for market information and newsletter, 222 Clematis Street, Suite 207 Its the latest in a litany of disruptions, from snarled supply chains to a power crunch, that are creating a destructive mix for companies and consumers. Everchem Specialty Chemicals Re: Notice of Force Majeure for Dow Propylene Oxide. **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. Staff. Dow has approximately 847,000t/yr of LLDPE/HDPE swing capacity at the site, located near its Taft, Louisiana . Affected by this, Dow's propylene glycol supply has declared force majeure, and the recovery time will be notified later! Pursuant to the terms of your applicable Sales Contract, Dow is excused from performance during the term of this Force Majeure event. Wie das Unternehmen mitteilte, wurden die ersten Infrastrukturarbeiten - zu denen etwa das Verlegen von unterirdischen Rohrleitungen . 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. Suite 302 Influence. Be sure to reach out to your dedicated GreenChem Sales Rep for further insight on how the latest chemical news might effect you. 1400 N Providence Rd Be sure to reach out to your dedicated GreenChem Sales Rep for further insight on how the latest chemical news might effect you. Yourallocation volume will be communicated to you by your account manager as soon aspossible.Dow regrets this situation and thanks you for your continued patience during this difficultperiod. Mrz 2023 gehrt Roman Billiani, CEO Business Unit Food & Specialities beim Kartonverpackungshersteller MM Packaging (Wien / sterreich), mit zum Fhrungsteam. Recently, driven by the increase in crude oil prices, force majeure of styrene plants in Europe and the United States due to extreme cold weather, and centralized maintenance of the plants, many major manufacturers have issued price increases. 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. Bayport is a big styrene monomer facility at over . If you do not accept the deployment of cookies or restrict them in any way, you will not be able to use all the interactive functions on our website. **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. Monument Chemical Price Increase, March 16, 2023, ExxonMobil Price Increases, March 9, 2023. Evonik last week told customers in a letter that 'unexpected technical issues' at its production . Commodity Prices and Essential Market Data, Upstream Cost Analysis Service First Quarter 2023 Update, S&P Global Commodity Insights East Africa Forum. Hydrogen Finally Getting Its Day. Its free and easy to do. Bloomberg Daybreak Asia. 81-64-1, Delivering the latest product trends and industry news straight to your inbox. 1,4-Dihydroxyanthraquinone CAS NO. Force majeure Dow Orange, Texas Site shutdown . SHARE THIS. Prior to the force majeure, styrene margins were the same old lackluster due to high benzene and just too much styrene capacity running full. ICP16009155-1 | Copyright@Qingdao ECHEMI Digital Technology Co., Ltd. Overnight on Wall Street is daytime in Asia. (We`ll never share your email address with a third-party.). Force Majeure. Ethyl Glycol Ethers. Surteco: Rckgnge bei Erlsen und Ertrgen. **Formosa Plastics USA: Entire Point Comfort, Texas, complex, including three crackers with a cumulative capacity of 2.76 million mt/year; 875,000 mt/year of high density polyethylene; 400,000 mt/year of low density PE; 465,000 mt/year of linear low density PE; two PP units with combined capacity of 1.7 million mt/year; 798,000 mt/year of PVC; 1 million mt/year of caustic soda and 910,000 mt/year of chlorine; 753,000 mt/year of VCM; 1.478 million mt/year of EDC; and a cumulative 1.17 million mt/year of monoethylene glycol operated by sister company Nan Ya Plastics. . control of The Dow Chemical Company ("Dow"), Dow is unable to supply you with the. 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. August 13, 2021. 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). 25 Feb 2021 | 23:13 UTC; Houston; . GreenChem furthers our Go Green initiative. Please use the button below and we will bring you back here when complete. GreenChem furthers our Go Green initiative. A metal made from the second-most abundant element on Earth has become scarce, threatening everything from car parts to computer chips and throwing up another hurdle for the world economy. Discover more about S&P Globals offerings. A behind-the-scenes, deep-dive into the scandals and institutional collapses that impact our daily lives. Remember, you can manage cookies in your browsers settings. 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 . Silicon metal output disrupted amid electricity curbs in China, Chemicals firms declare force majeure on silicone products. . 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. 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. May 27, 2015. Monument Chemical Price Increase, March 16, 2023, ExxonMobil Price Increases, March 9, 2023. Pursuant to the terms of the applicable Contract, Dow is excused from performance during the term of this Force Majeure event. We intend to keep you informed as new information becomes available.Click here to read the official letter.Be sure to reach out to your dedicated GreenChem Sales Rep for further insight on how the latest chemical news might effect you. Receive daily email alerts, subscriber notes & personalize your experience. February 24, 2021 ; Product News; Share This Article: 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) Our editors and experts share insights and analyses about energy and commodity markets worldwide. According to the latest news, BASF announced that the . The chemical giant layoffs 'self-help', more than 10% of its European employees! 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. 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. . Notice: By accessing this site you agree that you will not copy or reproduce any part of its contents (including, but not limited to, single prices, graphs or news content) in any form or for any purpose whatsoever without the prior written consent of the publisher. 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. Effective March 15, 2021, or as contracts allow, The Dow Chemical Company . Dow regrets this situation and thanks you for your continued patience during this difficult period. den Schtz 2021 mit der bernahme von Gem Plastics erwarb, fertigt das Unternehmen Kunststofffsser sowie verschiedene Kanisterserien. Sasol: Force majeure declared Aug. 31 on all North American polyethylene, including all LLDPE and HDPE grades. BASF warns of ethylene oxide shortage after technical problems. Baytown, Texas, refining and chemical complex, including three crackers with a combined capacity of 3.8 million mt/year; TPC Group: Houston site . May 10, 2022. This website uses cookies to provide you the best experience. GreenChem furthers our Go Green initiative. 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. Pursuant to the terms of the Contract, Dow is excused from performance during the term of this Force Majeure event. Chemicals firms declare force majeure on silicone products. FORCE MAJEURES ** Dow Chemical: Declared Feb. 19, on 2-ethylhexanol and butanol products from its Texas City, Texas complex . Read blog articles and case studies about Dow's vision, ambitions and actions to help create a more sustainable, equitable world. 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. However, no official announcement has been done by Dow yet, nevertheless the turnaround might come into effect soon in USA. 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. **Dow Chemical: Declared Feb. 18 on multiple intermediate chemicals produced at plants in Deer Park, Freeport, Texas City and Bayport Texas, Hahnville, Louisiana, and Louisville, Kentucky; declaration includes vinyl acetate monomer (VAM), methyl methacrylate (MMA), glacial methacrylic acid (GMAA), butyl methacrylate (BMA), glycidyl methacrylate (GMA), 2-ethylhexyl Acrylate (2EHA), butyl acrylate (BA), and others; Dow informed South American customers, **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 acetate and ethylene vinyl acetate (EVA), **Total: Declared Feb. 17 on polypropylene produced at its 1.15 million mt/year La Porte, Texas, facility, **Formosa Plastics USA: Declared Feb. 17 on all chlor-alkali products, **LyondellBasell: Declared Feb. 15 on US polyethylene, **Flint Hills Resources: Declared Feb. 15 on polypropylene produced at Longview, Texas. West Palm Beach, FL 33401, Copyright 2023GreenChem IndustriesAll Right Reserved. Newswire. 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: Diethylenetriamine (DETA) Ethylenediamine (EDA) Aminoethylethanolamine (AEEA) Piperazine 68%as provided in the applicable sales agreement or purchase order (Contract). Live market coverage co-anchored from Hong Kong and New York. AnQore announces force majeure of the company's Acrylonitrile. Journalist: Li Hua. One, the chemical giants continue to force majeure. 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. . The purpose of this letter is to advise that, due to circumstances beyond the reasonablecontrol of The Dow Chemical Company (Dow), Dow is unable to supply you with thequantities of Glycol Ethers, including: Methyl Glycol Ethers, extending an existing force majeure Ethyl Glycol Ethers Butyl Glycol Ethersprovided in the applicable Sales Contract or Purchase Order (Contract). Westlake Chemical: Force majeure declared on Aug. 31 on all North American PVC and VCM. Shenzhou International issued an announcement a few days ago that in view of the recent changes in the epidemic in Vietnam, the Vietnamese government will implement social distancing measures in Ho Chi Minh City and Tay Ninh Province, Vietnam no later than 14 days from July 19, 2021. 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 . Apr 24, 2023. Dow is using all commercially reasonable means to address this situation and hopes to be in a position to resume Propylene Oxide supply soon. Copied. 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. **LyondellBasell: Declared Feb. 15 on US polypropylene, **INEOS Olefins and Polymers USA: Declared Feb. 15 on polypropylene, **OQ Chemicals: Declared Feb. 15 on US oxo-alcohols, aldehydes, acids and esters produced at its Bat City, Texas, operations, **Formosa Plastics USA: 513,000 mt/year PVC, 653,000 mt/year VCM, Baton Rouge, Louisiana, **Total: 1.15 million mt/year PP, La Porte, Texas, **Lotte Chemical: 700,000 mt/year MEG, Lake Charles, Louisiana, **Sasol: 463,000 mt/year cracker, 380,000 mt/year EO/MEG, Lake Charles, Louisiana, **Braskem: 360,000 mt/year PP Freeport, Texas; 475,000 mt/year PP La Porte, Texas; 225,000 mt/year PP Seadrift, Texas, **ExxonMobil: Cumulative 1.53 million mt/year from three units, HDPE and LLDPE capacity, Mont Belvieu, Texas.
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