Related news. Notification: Force majeure of Dow Polyurethanes MDI products lifted in North America. Your allocation volume will be communicated to you by your account manager as soon as possible. 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. Great Place to Work and FORTUNE recognize Dow for 3rd consecutive year among 100 Best Companies to Work For. The reduction in the supply of raw materials caused Fibrant to also be forced to reduce production. [contact-form-7 id=5739 title=News Contact Form], Sign up today for market information and newsletter, 222 Clematis Street, Suite 207 ", **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. **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. In addition, the force majeure of MDI originally announced on February 17 this year still exists. Dow Chemical is solving this problem and hopes to resume normal supply soon. 2023 Argus Media group. [contact-form-7 id=5739 title=News Contact Form], Sign up today for market information and newsletter, 222 Clematis Street, Suite 207 To continue reading you must login or register with us. GreenChem furthers our Go Green initiative. 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. Hydrogen Finally Getting Its Day. 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. Feb 24th, 2021. **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. Everchem Specialty Chemicals According to local news reports, the shutdown was due to insufficient supply of raw materials, and production had to be cut by about half. Rose Tree Corporate Center According to the latest news, BASF announced that the . BASF has declared force majeure on ethylene oxide (EO) and its derivative monoethylene glycol (MEG) in Europe due to technical problems at its two production facilities. However, no official announcement has been done by Dow yet, nevertheless the turnaround might come into effect soon in USA. Butyl Glycol Ethers. 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. 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. Power was slowly being restored, though outages could persist because of damage to the distribution system or the need to restore power manually rather than by remote switching. 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. Die weltweite Konjunkturschwche hat Dow Chemical (Midland, Michigan / USA) in die Verlustzone gedrckt. as provided in the applicable sales agreement or purchase order ("Contract"). 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 Mixtures. Overnight on Wall Street is daytime in Asia. Affected by this, Dow's propylene glycol supply declared force majeure, recovery time Follow-up notice! May 27, 2015. Speak with ICIS. ICP16009155-1 | Copyright@Qingdao ECHEMI Digital Technology Co., Ltd. Listen to this article. The purpose of this letter is to advise that, due to circumstances beyond the reasonable control of The Dow Chemical Company and/or its Affiliates (Dow), Dow is unable to supply the quantities of products listedbelow: 2-Ethylhexyl Acrylate (2EHA), Butyl Acrylate (BA), Glacial Acrylic Acid (GAA), Methyl Acrylate (MA), Ethyl Acrylate (EA) Methyl Methacrylate (MMA), Glacial Methacrylic Acid (GMAA), Butyl Methacrylate (BMA), Glycidyl Methacrylate (GMA) ROCRYL 400 Hydroxy Ethyl Methacrylate (HEMA), ROCRYL 410 Hydroxy Propyl Methacrylate (HPMA), ROCRYL 420 Hydroxy Ethyl Acrylate (HEA), ROCRYL 430 Hydroxy Propyl Acrylate (HPA) Vinyl Acetate Monomer (VAM)This situation is due to extreme weather conditions that resulted in temperatures below freezing at Dows Deer Park, St. Charles, Texas City, Freeport, Bayport and Louisville operations (the Sites) , which haveresulted in either involuntary unplanned shutdowns, the inability to load product, or the extension of ongoing outages. ), AkzoNobel Announces Paint the Future Collaborations, ECHEMI Overseas Buyers Opinions on Chinese Suppliers and Industry Development, Sino-US Symposium on Natural Health Products. 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. GreenChem furthers our Go Green initiative. Browse images and videos of the markets and communities Dow does business in, as well as its philantrhopic efforts. Copyright Dow (1995-2023). **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. 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. Read blog articles and case studies about Dow's vision, ambitions and actions to help create a more sustainable, equitable world. The purpose of this letter is to advise that, due to circumstances beyond the reasonable. Monument Chemical Price Increase, March 16, 2023, ExxonMobil Price Increases, March 9, 2023. . 25 Feb 2021 | 23:13 UTC; Houston; . Staff. 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. 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. . All rights reserved. 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. Royal Dutch Shell Plc, one of the largest operators in the Gulf of Mexico, declared force majeure on some oil deliveries due to damage from Hurricane Ida, which has crippled U.S. offshore oil production. AnQore, the world's leading producer of acrylonitrile/hydrocyanic acid, announced force majeure for acrylonitrile at its Geleen plant in the Netherlands. The track connections of the factories and some of the infrastructure for the production of PVC and VCM (vinyl chloride) are also affected. Dow: The supply of the 340,000-ton/year MDI device in Texas, USA was interrupted due to unexpected mechanical failures by . 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) The chemical giant layoffs 'self-help', more than 10% of its European employees! 2021. Dow is using all commercially reasonable means to address this situation and hopes to be in a position to resume Propylene Oxide supply soon. Track your investments 24 hours a day, around the clock from around the world. Affected by this, Dow's propylene glycol supply has declared force majeure, and the recovery time will be notified later! Journalist: Li Hua. **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. Stellen hohe Anforderungen an das Substrat: Gefahrgut-Etiketten (Foto: Herma) Aufgrund von Preiserhhungen in Folge teilweise drastisch verteuerter Rohstoffe hat der Etiketten-Spezialist Herma (Filderstadt) den Umsatz im vergangenen Jahr um 19,2 Prozent auf 510,6 Mio EUR gesteigert. The data problem slowing down progress on climate targets in the chemical industry. 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. 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. Our editors and experts share insights and analyses about energy and commodity markets worldwide. CDT 084. 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. SHARE THIS. (We'll never share your email address with a third-party. Re: Notice of Force Majeure for Dow Propylene Oxide. 1,4-Dihydroxyanthraquinone CAS NO. BMW M Introduces 650-hp i7 M70 xDrive Sedan. September 17, 2021 at 12:22 am. Textile giant announced some factories to stop production and reduce production. Pinnacle Polymers declared force majeure for PP made at its plant in Garyville, La., just outside of New Orleans. **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. SABIC has previously announced the force majeure upgrade of LDPE in the Netherlands. (We`ll never share your email address with a third-party.). In addition, LyondellBasell has another 355,000-ton/year linear low-density polyethylene (LLDPE) plant that announced force majeure due to equipment failure on June 17. . May 10, 2022. 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. 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 . ECHEMI 2021-07-30. The negative impact on net income in the first quarter of 2006 was expected to be U.S. $20 - $25 million. The Dow Chemical Company whose primary place of business is at 2030 Building, . Live market coverage co-anchored from Hong Kong and New York. . Be sure to reach out to your dedicated GreenChem Sales Rep for further insight on how the latest chemical news might effect you. Be sure to reach out to your dedicated GreenChem Sales Rep for further insight on how the latest chemical news might effect you. Regarding the impact of the current epidemic on the actual production capacity of Vietnam's production bases, Shenzhou International expects to affect operations for 14 days, and the company's total annual production capacity of fabrics and clothing will drop by approximately 2% and 1%, respectively. aluminium processing plant in Komarom, Hungary. Wie das Unternehmen mitteilte, wurden die ersten Infrastrukturarbeiten - zu denen etwa das Verlegen von unterirdischen Rohrleitungen . Celanese also declared force majeure Feb. 18 on multiple chemicals, including VAM and acetic acid. Chemical giant Covestro has announced a force majeure at its German factory due to which parts of MDI production facility has come to a standstill. Receive daily email alerts, subscriber notes & personalize your experience. Nov 11, 2022. Silicon metal output disrupted amid electricity curbs in China, Chemicals firms declare force majeure on silicone products. Dear CUSTOMER: 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 . GreenChem furthers our Go Green initiative. Dow has approximately 847,000t/yr of LLDPE/HDPE swing capacity at the site, located near its Taft, Louisiana . Bayport is a big styrene monomer facility at over . 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. 1400 N Providence Rd 81-64-1, Delivering the latest product trends and industry news straight to your inbox. Its free and easy to do. You exceeded the limit of bookmarked content(only 15 bookmarks are allowed).Please remove one of the bookmarks. den Schtz 2021 mit der bernahme von Gem Plastics erwarb, fertigt das Unternehmen Kunststofffsser sowie verschiedene Kanisterserien. Mrz 2023 gehrt Roman Billiani, CEO Business Unit Food & Specialities beim Kartonverpackungshersteller MM Packaging (Wien / sterreich), mit zum Fhrungsteam. Der Polymerproduzent Ineos Olefins (London / Grobritannien) hat die zweite Phase seines Project One" genannten Bauvorhabens fr einen 4 Mrd EUR teuren Ethancracker im Hafen von Antwerpen eingelutet. The shortage in silicon metal, sparked by a production cut in China, has sent prices up 300% in less than two months. Vinnolit announces force majeure for PVC and VCM. Published date: 09 September 2021. BEVs Take Half the Spots on 2022 Wards 10 Best Interiors & UX List. ** 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 . Evonik last week told customers in a letter that 'unexpected technical issues' at its production . By subscribing, you can get the latest Dow news and information delivered straight to your inbox. 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. 5:03. According to foreign media reports, LyondellBasells 1.5 million tons/year cracking furnace in Texas was closed in the last week of June. 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. Commodity Prices and Essential Market Data, Upstream Cost Analysis Service First Quarter 2023 Update, S&P Global Commodity Insights East Africa Forum. Force . South Korea's Hanwha phthalic anhydride plant shuts down. This resumption of supply is entirely contingent on a . control of The Dow Chemical Company ("Dow"), Dow is unable to supply you with the. 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West Palm Beach, FL 33401, Copyright 2023GreenChem IndustriesAll Right Reserved. . A behind-the-scenes, deep-dive into the scandals and institutional collapses that impact our daily lives. 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. 2023 by S&P Global Inc. All rights reserved. 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. The company has not yet given a specific response to resume production. . After that, the company lifted its force majeure on ethylene, polyethylene, propylene, and other co-products individually in February. 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. 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. More than three-quarters of the U.S. Gulf of Mexico's offshore oil output remained shut following Ida.