The negative impact on net income in the first quarter of 2006 was expected to be U.S. $20 - $25 million. The company has not yet given a specific response to resume production. The company has not given a timetable for resuming production. FORCE MAJEURES ** Dow Chemical: Declared Feb. 19, on 2-ethylhexanol and butanol products from its Texas City, Texas complex . AnQore announces force majeure of the company's Acrylonitrile. 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. . 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. Dow had previously declared force majeure on all grades of polyethylene produced in Europe. 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). 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. Most force majeure clauses do not excuse a party's non-performance entirely but only suspend it for the duration of the force majeure. den Schtz 2021 mit der bernahme von Gem Plastics erwarb, fertigt das Unternehmen Kunststofffsser sowie verschiedene Kanisterserien. Stay ahead of the rapidly changing energy and commodity markets with the latest news and insight from Argus. Silicon metal output disrupted amid electricity curbs in China, Chemicals firms declare force majeure on silicone products. 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). 1,4-Dihydroxyanthraquinone CAS NO. 19-Feb-2021. Crazy' price hike! Das Duo an der Spitze: CEO Wolfgang Moyses (li.) Silicon metal at the Alumetal Group Hungary Kft. 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 . Covestro and Brunsbitt have issued force majeure statements. control of The Dow Chemical Company ("Dow"), Dow is unable to supply you with the. Browse images and videos of the markets and communities Dow does business in, as well as its philantrhopic efforts. Be sure to reach out to your dedicated GreenChem Sales Rep for further insight on how the latest chemical news might effect you. Pinnacle Polymers declared force majeure for PP made at its plant in Garyville, La., just outside of New Orleans. Bayport is a big styrene monomer facility at over . 2023 Argus Media group. Die weltweite Konjunkturschwche hat Dow Chemical (Midland, Michigan / USA) in die Verlustzone gedrckt. Westlake Chemical: Force majeure declared on Aug. 31 on all North American PVC and VCM. This resumption of supply is entirely contingent on a successful start-up, ability to load products, and the resumption of utility services at the Sites.Dow will allocate available product in a manner that is fair and reasonable. 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. According to the latest news, BASF announced that the . 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. 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. . **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. If you are a member of the press, you can request information directly from our press contacts team. Monument Chemical Price Increase, March 16, 2023, ExxonMobil Price Increases, March 9, 2023. **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. We intend to keep you informed as new information becomes available.Click here to see the official announcement. 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. Wanhua, Dow and other giants all issued price increases! Surteco: Rckgnge bei Erlsen und Ertrgen. 81-64-1, Delivering the latest product trends and industry news straight to your inbox. Houston Petrochemical producers were shutting down plants and some declared force majeure on products they make as a historic deep freeze enveloped the US . Disclaimer: ECHEMI reserves the right of final explanation and revision for all the information. 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. FACTBOX: Petroleum, power markets show signs of easing as Texas power returning. Copied. 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. 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. The purpose of this letter is to advise that, due to circumstances beyond the reasonable. However, no official announcement has been done by Dow yet, nevertheless the turnaround might come into effect soon in USA. Read and listen to the latest blog posts and podcasts for your market and region. The floods affected the infrastructure for the transportation of Naphtha, a key raw material. 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 . 2021. As a result of this event, for . All Rights Reserved. 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. Lyondell Basel's 1.5 million tons cracking plant quickly went offline after a short restart. After that, the company lifted its force majeure on ethylene, polyethylene, propylene, and other co-products individually in February. Die weltweite Konjunkturschwche hat Dow Chemical in die Verlustzone gedrckt. This resumption of supply is entirely contingent on a . Live market coverage co-anchored from Hong Kong and New York. By clicking the Accept button below, you are consenting to receive and store cookies from our site. 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. Monument Chemical Price Increase, March 16, 2023, ExxonMobil Price Increases, March 9, 2023. 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. Dow: The supply of the 340,000-ton/year MDI device in Texas, USA was interrupted due to unexpected mechanical failures by . 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. Dow Chemical: Declared Feb. 19, on 2-ethylhexanol and butanol . ECHEMI 2021-03-03. 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 . 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. Receive daily email alerts, subscriber notes & personalize your experience. Mrz 2023 gehrt Roman Billiani, CEO Business Unit Food & Specialities beim Kartonverpackungshersteller MM Packaging (Wien / sterreich), mit zum Fhrungsteam. Therefore, LyondellBasell really declared force majeure on products such as tert-butyl acetate and ethylene glycol ether acetate (EBA, DBA) on April 22. 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. Jump to. One, the chemical giants continue to force majeure. AnQore, the world's leading producer of acrylonitrile/hydrocyanic acid, announced force majeure for acrylonitrile at its Geleen plant in the Netherlands. Everchem Specialty Chemicals 1400 N Providence Rd 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. 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. Listen to this article. [contact-form-7 id=5739 title=News Contact Form], Sign up today for market information and newsletter, 222 Clematis Street, Suite 207 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. 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. Dow Chemical is solving this problem and hopes to resume normal supply soon. Equistar Chemicals L.P. declared a force majeure event for all products within our Americas EO & derivatives portfolio - Ethylene Oxide, Ethylene Glycols, and E-Series Glycol Ethers, effective February 16, 2021. Many chemical companies such as Dow, LyondellBasell and Covestro have encountered force majeure! February 3, 2021. 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. Read blog articles and case studies about Dow's vision, ambitions and actions to help create a more sustainable, equitable world. Gazprom's PE device undergoes 30-day maintenance. Remember, you can manage cookies in your browsers settings. For the most part, Dow Chemical, ExxonMobil, and SABIC are companies with deep experience in planning and executing mega projects in the Middle East. . 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). ECHEMI 2021-07-30. 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. Discover more about S&P Globals offerings. Our editors and experts share insights and analyses about energy and commodity markets worldwide. Dow has approximately 847,000t/yr of LLDPE/HDPE swing capacity at the site, located near its Taft, Louisiana . 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. Fibrant announces force majeure of the company's Cyclohexanone and caprolactam. In addition to the above two big players, Americas Styrenics (AmSty), a major North American polystyrene producer, said recently that it is conducting a distribution process for its polystyrene products in light of recent . 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.

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