Nordic Chemical: Plans to shut down its 300,000-ton/year cracker in Antwerp, Belgium for maintenance by late January. A behind-the-scenes, deep-dive into the scandals and institutional collapses that impact our daily lives. Bayport is a big styrene monomer facility at over . "Resumption of supply is entirely contingent on a successful startup, ability to load products, and the resumption of utility services at the sites," Dow's force majeure letter said. 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. West Palm Beach, FL 33401, Copyright 2023GreenChem IndustriesAll Right Reserved. *Curve comparison and historical data download, View all products of Market Price & Insight. 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. **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. Die weltweite Konjunkturschwche hat Dow Chemical (Midland, Michigan / USA) in die Verlustzone gedrckt. In line with the Vietnamese governments social distancing measures, from now on, the production capacity of the Groups cloth production base in Tay Ninh Province, Vietnam will be operated at approximately 30% of its normal production capacity, and the garment factory in Tay Ninh Province, Vietnam will suspend operations while in Vietnam The production capacity of the garment factory in Ho Chi Minh City will operate at approximately 33% of the normal production capacity. Pursuant to the terms of the Contract, Dow is excused from performance during the term of this Force Majeure event.This situation is due to extreme weather conditions that resulted in temperatures below freezing at Dows St. Charles, Louisiana operations (the Site), which have resulted in an involuntary unplanned shutdown. 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. **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. Recently, Dow Chemical Europe Ltd. declared force majeure, effective immediately. Rose Tree Corporate Center May 10, 2022. Dow had previously declared force majeure on all grades of polyethylene produced in Europe. The Dow Chemical Company whose primary place of business is at 2030 Building, . It seems that the extreme shortage of polyurethane has caused serious damage to industries such as furniture and mattresses. Ethyl Glycol Ethers. Spezialisiert auf Ummantelungen aus Kunststoff hat Reiku mit rund 60 Mitarbeitern im vergangenen Jahr einen Umsatz von 14 Mio EUR erzielt. Gazprom's PE device undergoes 30-day maintenance. Dow is using all commercially reasonable means to address this situation and hopes to be in a position to resume Propylene Oxide supply soon. Speak with ICIS. West Palm Beach, FL 33401, Copyright 2023GreenChem IndustriesAll Right Reserved. 5:03. 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. Most force majeure clauses do not excuse a party's non-performance entirely but only suspend it for the duration of the force majeure. 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. It is expected that Fibrant's operating rate will take several weeks to return to normal levels. Dow and Covestro have recently declared force majeure at their US MDI plants while Huntsman is experiencing a partial shutdown at its MDI plant in Geismar, Louisiana, with all . Sasol: Force majeure declared Aug. 31 on all North American polyethylene, including all LLDPE and HDPE grades. We intend to keep you informed as new information becomes available.Click here to see the official announcement. Prior to the force majeure, styrene margins were the same old lackluster due to high benzene and just too much styrene capacity running full. The track connections of the factories and some of the infrastructure for the production of PVC and VCM (vinyl chloride) are also affected. Force Majeure. 16 Feb 2021 | 22:56 UTC; Houston; . 81-64-1, Delivering the latest product trends and industry news straight to your inbox. . We intend to keep you informed as new information becomes available. Notification: Force majeure of Dow Polyurethanes MDI products lifted in North America. German chemical firm Evonik has declared force majeure on deliveries of sodium methylate solution - a catalyst used to produce biodiesel - last week, adding to market concerns about the fuel's availability in Europe. SABIC has previously announced the force majeure upgrade of LDPE in the Netherlands. Dow will allocate available product in a manner that is fair and reasonable. **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. Copied. Silicon metal output disrupted amid electricity curbs in China, Chemicals firms declare force majeure on silicone products. 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. 31-Jan-2022 2:02 PM. 2023 Argus Media group. 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. 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. Vinnolit announces force majeure for PVC and VCM. Monument Chemical Price Increase, March 16, 2023, ExxonMobil Price Increases, March 9, 2023. Silicon metal at the Alumetal Group Hungary Kft. 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 . Monument Chemical Price Increase, March 16, 2023, ExxonMobil Price Increases, March 9, 2023. 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. quantities of Glycol Ethers, including: Methyl Glycol Ethers, extending an existing force majeure. Chemicals firms declare force majeure on silicone products. 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. 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. Our editors and experts share insights and analyses about energy and commodity markets worldwide. AnQore announces force majeure of the company's Acrylonitrile. Receive daily email alerts, subscriber notes & personalize your experience. Journalist: Li Hua. 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). 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. The purpose of this letter is to advise that, due to circumstances beyond the reasonable. May 27, 2015. 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. Stay ahead of the rapidly changing energy and commodity markets with the latest news and insight from Argus. Markets never sleep, and neither does Bloomberg. 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. February 3, 2021. 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. GreenChem furthers our Go Green initiative. as provided in the applicable sales agreement or purchase order ("Contract"). CDT 084. [contact-form-7 id=5739 title=News Contact Form], Sign up today for market information and newsletter, 222 Clematis Street, Suite 207 However, as the overhaul of Wanhua Yantai's equipment is coming to an end and domestic supply is supplemented, the domestic MDI market may go down, but the decline is limited. Discover more about S&P Globals offerings. BEVs Take Half the Spots on 2022 Wards 10 Best Interiors & UX List. Butyl Glycol Ethers. Newswire. Dow Chemical: Declared Feb. 19, on 2-ethylhexanol and butanol . Overnight on Wall Street is daytime in Asia. Be sure to reach out to your dedicated GreenChem Sales Rep for further insight on how the latest chemical news might effect you. **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. Trademark of Dow or an affiliated company of Dow, [{"values":[{"value":"Portugus-Portuguese","languageCode":"pt-br","link":"javascript:void(0);"},{"value":"-Japanese","languageCode":"ja-jp","link":"javascript:void(0);"},{"value":"-Chinese","languageCode":"zh-cn","link":"javascript:void(0);"},{"value":"English","languageCode":"en-us","link":"javascript:void(0);"},{"value":"Espaol-Spanish","languageCode":"es-es","link":"javascript:void(0);"},{"value":"-Korean","languageCode":"ko-kr","link":"javascript:void(0);"}],"label":"BR","default":"pt-br"},{"values":[{"value":"Portugus-Portuguese","languageCode":"pt-br","link":"javascript:void(0);"},{"value":"-Japanese","languageCode":"ja-jp","link":"javascript:void(0);"},{"value":"-Chinese","languageCode":"zh-cn","link":"javascript:void(0);"},{"value":"English","languageCode":"en-us","link":"javascript:void(0);"},{"value":"Espaol-Spanish","languageCode":"es-es","link":"javascript:void(0);"},{"value":"-Korean","languageCode":"ko-kr","link":"javascript:void(0);"}],"label":"JP","default":"ja-jp"},{"values":[{"value":"Portugus-Portuguese","languageCode":"pt-br","link":"javascript:void(0);"},{"value":"-Japanese","languageCode":"ja-jp","link":"javascript:void(0);"},{"value":"-Chinese","languageCode":"zh-cn","link":"javascript:void(0);"},{"value":"English","languageCode":"en-us","link":"javascript:void(0);"},{"value":"Espaol-Spanish","languageCode":"es-es","link":"javascript:void(0);"},{"value":"-Korean","languageCode":"ko-kr","link":"javascript:void(0);"}],"label":"CN","default":"zh-cn"},{"values":[{"value":"Portugus-Portuguese","languageCode":"pt-br","link":"javascript:void(0);"},{"value":"-Japanese","languageCode":"ja-jp","link":"javascript:void(0);"},{"value":"-Chinese","languageCode":"zh-cn","link":"javascript:void(0);"},{"value":"English","languageCode":"en-us","link":"javascript:void(0);"},{"value":"Espaol-Spanish","languageCode":"es-es","link":"javascript:void(0);"},{"value":"-Korean","languageCode":"ko-kr","link":"javascript:void(0);"}],"label":"US","default":"en-us"},{"values":[{"value":"Portugus-Portuguese","languageCode":"pt-br","link":"javascript:void(0);"},{"value":"-Japanese","languageCode":"ja-jp","link":"javascript:void(0);"},{"value":"-Chinese","languageCode":"zh-cn","link":"javascript:void(0);"},{"value":"English","languageCode":"en-us","link":"javascript:void(0);"},{"value":"Espaol-Spanish","languageCode":"es-es","link":"javascript:void(0);"},{"value":"-Korean","languageCode":"ko-kr","link":"javascript:void(0);"}],"label":"ES","default":"es-es"},{"values":[{"value":"Portugus-Portuguese","languageCode":"pt-br","link":"javascript:void(0);"},{"value":"-Japanese","languageCode":"ja-jp","link":"javascript:void(0);"},{"value":"-Chinese","languageCode":"zh-cn","link":"javascript:void(0);"},{"value":"English","languageCode":"en-us","link":"javascript:void(0);"},{"value":"Espaol-Spanish","languageCode":"es-es","link":"javascript:void(0);"},{"value":"-Korean","languageCode":"ko-kr","link":"javascript:void(0);"}],"label":"KR","default":"ko-kr"}], If you are using Internet Explorer (IE), please switch to another browser for the best visual experience. The chemical giant layoffs 'self-help', more than 10% of its European employees! Disclaimer: ECHEMI reserves the right of final explanation and revision for all the information. Pursuant to the terms of your applicable Sales Contract, Dow is excused from performance during the term of this Force Majeure event. Fr eine nicht genannte Summe hat der Automobilzulieferer Delfingen (Anteuil / Frankreich) 85 Prozent der Anteile des deutlich kleineren Mitbewerbers Reiku Kabelschutzsysteme (Wiehl-Bomig) bernommen. This resumption of supply is entirely contingent on a . For the most part, Dow Chemical, ExxonMobil, and SABIC are companies with deep experience in planning and executing mega projects in the Middle East. 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. . Everchem Specialty Chemicals All Rights Reserved. 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. ECHEMI 2021-07-30. 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. Westlake Chemical: Force majeure declared on Aug. 31 on all North American PVC and VCM. [contact-form-7 id=5739 title=News Contact Form], Sign up today for market information and newsletter, 222 Clematis Street, Suite 207 Dow Chemical is solving this problem and hopes to resume normal supply soon. October 1, 2021, 3:26 AM UTC Updated on October 1, 2021, 11:08 AM UTC. Das Duo an der Spitze: CEO Wolfgang Moyses (li.) Monument Chemical Price Increase, March 16, 2023, ExxonMobil Price Increases, March 9, 2023. In this weeks Market Movers Americas, presented by Wendy Dulaney: Texas grid operator to release FACTBOX: More force majeures, shutdowns emerge from US Gulf Coast petrochemical producers, US POWER TRACKER: Cheap gas, bearish weather may weaken Southeast US prices, Around the tracks: Automakers race to secure EV battery supplies.

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