NOVA Chemicals declared force majeure on all its polyethylene resins produced in the Sarnia region of Ontario, Canada, because of mechanical failures, the company said in an April 27 letter to customers seen by S&P Global Platts. By David Reed, UT EditorMidland, Michigan-The Dow Chemical Co.'s polymeric methylene diphenyl diisocyanate (PMDI) operations at LaPorte, Texas, will continue in operation while the company's 227-ktpa facility in Freeport, Texas, continues its start-up process. Dow Layoffs, BASF Announces Force Majeure, US Chemical Market Worries Short-term,Industry News +86-571-85393981 / +86-17799849811 jerry@jeci-biochem.cc / cathy@jeci-biochem.cc Notification of Force Majeure for Dow Polyurethanes MDI Products. March 16, 2021. 2021 has left the pressure sensitive label industry in complete and utter chaos. **Formosa Plastics USA: Declared Feb. 18 on PVC, 1.3 million mt/year of capacity at Point Comfort, Texas, and Baton Rouge, Louisiana, complexes. [GUIDANCE] COVID-19 and Force Majeure Considerations ... 2021. -Dow Chemical lifted its force majeure for vinyl acetate monomer (VAM) on Wednesday in North America but left it in place for other global regions. News Type 投稿日: 2021年2月22日. Westlake Chemical Corp (NYSE:WLK) Q1 2021 Earnings Conference Call May 4, 2021 11:00 AM ET. COLUMBIA, Md., April 12, 2021 (GLOBE NEWSWIRE) - W. R. Grace Co. (NYSE:GRA), the leading independent supplier of polyolefin catalyst technology and polypropylene (PP) process technology, has licensed its UNIPOL ® PP Process Technology to the new MTO Gas Chemical Complex located in the Bukhara region … As the world and our interactions grow more complex, so do our challenges. The German Plastics Packaging Association (IK Industrievereinigung Kunststoffverpackungen; Bad Homburg, Germany) met with Dow Chemical Co. (Midland, MI) to emph "Sustained below freezing temperatures at Celanese's operating sites and those of … The 2021 Critical Materials Council (CMC) Conference, happening April 14-15 in virtual … Feb 24th, 2021. In April 2021, China PMDI export volume increased significantly on a year-on-year basis, while it moved back on a month-on-month basis According to the latest data released by China Customs, from January to April 2021, China PMDI exports totaled 343,899.16 tons, up by 64.1% year-on-year. SK Chemicals is investing in a Chinese PET recycling company to commercialize the chemically recycled copolyester (PETG). Dow is partnering with the Dutch developer of a method for turning plastic trash back into oil as the global chemical powerhouse seeks to expand recycling amid rising alarm over pollution. DUBAI: Sadara Chemical Company reported a surge in profit in the first quarter as the price of its products increased and it booked a sizeable gain from the restructuring of its debts. Company Participants. Westlake Chemical Partners LP (NYSE: WLKP) (the "Partnership") today reported net income attributable to the Partnership of $15.1 million, or $0.43 per limited partner unit, for the three months ended March 31, 2021. An increasing number of companies are claiming that the current financial crisis entitles them to trigger “force majeure” clauses to get out of contracts. For more information please contact cmcinfo@techcet.com or call +1-480-382-8336, x103. Password. Password. LyondellBasell is one of the largest plastics, chemicals and refining companies in the world. However, it has since come to light that 73% of US capacity was impacted by the severe weather, with INEOS Texas City declaring force majeure the week of … By April, 70 chemical manufacturers had exercised force majeure (“superior force”) clauses to enable them to renege on or delay delivery contracts—three times the number issued after Hurricane Harvey in 2017. Notice of Force Majeure by DOW In Pricing by PattyH February 18, 2021 “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 listed Soaring freight rates, cargo container shortages, and port congestion have driven up shipping costs. LyondellBasell Announces Startup of 400 KTA / year South Korean Joint Venture Facility. Dear Valued Customer: The purpose of this letter is to advise you that, due to logistics and raw material constraints following recent storms, Dow Polyurethanes, a business unit of The Dow Chemical Company (“Dow”), is declaring force majeure for all MDI products, including, but … DJ Celanese Declares Force Majeure Over Extreme Winter Weather. Through our experienced professionals, commitment to continuous innovation and exceptional service, we ensure customer success throughout the epoxy value chain and beyond. While many of our businesses declared force majeure on products in the aftermath of the storm, As restart of production and inventory restoration has proceeded according to plan, Dow has increased its allocation of VAM to 100% of annual contractual volumes. Dow Force Majeure on MDI. But we don't just produce materials. The force majeure was declared on 24 January at Dow’s 340,000 tonnes/year MDI plant in Freeport, Texas, following a period of severe winter weather in the US Gulf. Members of PCMA’s Catalyst community discuss when they might be able to invoke the force majeure clause in contracts for 2021 meetings. The severe winter weather caused nearly every major chemical complex in Texas to shut, according to sources at multiple asset operators. The Dow Chemical Company has ended force majeure for all polyether polyol products manufactured at Freeport, TX, USA. Here’s a sampling from a recent Catalyst discussion. New User -. Force majeure declarations from large scale producers like Dow Chemical and others have resulted in confirmed raw material deliveries being canceled. Dow declares force Majeure on supplies of Alcohols, Acids & Esters from Texas plants Petrochemical industry | 24 Feb 2021 12:55 IST | Polymerupdate.com PETROCHEMICAL MARKETS. Notification: Force majeure of Dow Polyurethanes MDI products lifted in North America 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: 03/24/2021 DOW Glycol Ethers Price Increase. As a result, the company announced Force Majeure on all chemical product shipments from North America by Feb 18, 2021. ... 2021. Our TED@DuPont series explores some of the best ideas from across the DuPont ecosystem, from the chemistry of everyday life … **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 Dow Chemical, has declared a force majeure on Ethanolamines supplies from its plant at Taft, Louisia... +(91-22) 61772000 (25 Lines) ... 10 Jun 2021 11:08 IST. DOW Notice of Force Majeure for North America. Midland-Mich.-based Peroxymeric Chemicals, a business unit of Epoxy Products and Intermediates (EP&I) of The Dow Chemical Company, announced it has declared ‘force majeure’ for all products. Dow’s president and chief financial officer, Howard Ungerleider, elaborated on the difficulties at the JP Morgan 2021 Industrials Conference on March 16. There are two steam crackers at Dormagen, one with a capacity of 670,000 metric tons/year and another with a capacity of … A time of deliverance and re-birth for many of our readers and perhaps my favourite time of year. Many chemical companies declined to discuss the status of their plants. Dow Chemical has lifted its force majeure on methyl di-p phenylene isocyanate (MDI) in the US, the company confirmed on Friday. The force majeure was declared on 24 January at Dow’s 340,000 tonnes/year MDI plant in Freeport, Texas, following a period of severe winter weather in the US Gulf. They will be releasing an in-depth report on the “Impact on Chip Expansion on US Wet Chemical Supply-Chain” by May 2021. Dow Lifts Force Majeure on US MDI Dow Chemical has lifted its force majeure on methyl di-p phenylene isocyanate (MDI) in the US, the company confirmed on Friday. (Adds details) NEW YORK, Sept 1 (Reuters) - Dow Chemical Co. on Thursday said it declared force majeure on all grades of the chemicals triethylene glycol UPDATE 1 … Propylene Oxide (PO) is an extremely versatile chemical intermediate used to produce a wide range of industrial and commercial products. BRASKEM. HOUSTON (ICIS) – US isopropanol (IPA) costs rose final week because the market reacted to tight provide following inclement climate and blackouts within the Gulf area. Posted by David on March 12, 2021, 17:28:42, in reply to "maybe ... Force majeure declarations from large scale producers like Dow Chemical and others have resulted in confirmed raw material deliveries being canceled. Polyethylene Force Majeure Notice March 15, 2021 Dear Valued Customer, This letter is to inform you of the polyethylene Force Majeure notice received from our vendor. About Our Company LyondellBasell is one of the largest plastics, chemicals and refining companies in the world. Covestro – leading in polymer materials. The Dow Chemical Co., while neither admitting nor denying wrong doing, will pay a $1.75 million fine imposed by the Securities and Exchange Commission (SEC) regarding claims that Dow … PCMA’s Catalyst community offers members a platform to ask each other questions, share ideas, or, as the website says, “communicate and collaborate.”. 2021年2月 米国を記録的な寒波が襲い、電力供給が間に合わず、テキサス州などで大規模な計画停電が実施されている。. ... Dak Americas’ Alpek polyester business has issued force majeure because of a water shortage … Due to the devastating effects of the winter storms in TX, there is a heavy ongoing strain on resin supplies throughout the industry. Only Olin can say that we’re the No.1 global manufacturer and distributor of epoxy products. Dow Inc.'s Freeport, Texas, facility. We are the leading producer of … 亚洲伟德 is a sales, marketing and technology driven company that operates in the North American marketplace, promoting urethane commodity, and specialty industrial chemicals. ** Dow Chemical: February 18 announced the production of multiple intermediate chemicals in Deer Park, Freeport, Texas City and Bayport, Texas, and Harnville, Louisiana and Louisville, Kentucky Encountered force majeure. Follow this channel for advisories on … Our market expertise helps our … In April 2021, China … Dow Chemical: Certain units offline within Dow sites along the US Gulf Coast, but the company did not specify. Updated 3/19/2021 at 3:00 p.m. CDT. October 1, 2005 Canadian Plastics. He said it normally takes the industry 3 months to recover from a hurricane. INEOS, LyondellBasell, ExxonMobil, Total, Formosa and Braskem have either declared force majeure or implemented sales allocations on PP products. Olin declared force majeure on chlor-alkali from its Freeport, TX site. OxyVinyls declared force majeure on its VCM and PVC operations at its Houston, TX facilities. Dow, Midland, MI, announced that it has ended force majeure for vinyl acetate monomer at the Texas City, TX, plant, which is owned by Union Carbide, a wholly owned subsidiary of Dow. Notification: Force majeure of Dow Polyurethanes MDI products lifted in North America. Share this articleSurfactants Monthly - March 2021 Happy Easter and Passover. The company blames 'an impairment loss of around $230m' due to the shutdown of the facility and associated costs. Every day, our employees work around the clock to reliably and safely deliver the chemicals, polymers, fuels and technologies that advance solutions to our world’s biggest challenges. As restart of production and inventory restoration has proceeded according to plan, Dow has increased its allocation of VAM to … BEAUMONT, Texas — A Beaumont chemical plant will close down by the end of February 2021 according to its parent company, Mitsubishi Chemical Corporation. The Gulf Coast, home to many refineries and chemical plants, was hit by severe power and feedstock outages brought forth by harsh winter … Olin Declares Force Majeure for Product Shipments from Freeport, Texas. By the way, I can't help noting that this month is chock full of news - kinda-like those Easter egss full of Cadbury's buttons.. Before I muse … News Type Prices have escalated quickly and are being passed through the market. SK Chemicals Invests in PET Recycling Company to Secure Copolyester Raw Materials. Dow (DOW) should benefit from investment in high-return growth projects and cost saving actions. In Pricing by PattyHFebruary 24, 2021. Cybersecurity › Dow Chemical + Follow . Dow, Midland, Mich., is a diversified chemical company that delivers a broad range of products and services to customers in around 160 countries, connecting chemistry and innovation with the principles of sustainability to help provide everything from fresh water, food and pharmaceuticals to paints, packaging and personal care products. KILLEEN, TEXAS - FEBRUARY 18: Icicles hang off the State Highway 195 sign on February 18, 2021 in Killeen, Texas. Chemical makers mostly unscathed by Hurricane Laura. Dow Inc. presentation delivered at the 2021 Industrials Conference on Tuesday, March 16, 2021 at 9:40 AM [music] ... Financial Officer of Dow Chemical. Dow Chemical is hoping to push production of its Carbowax Sentry brand of polyethylene glycol ingredients up by a third over 2006/2007 levels by the end of the year, and put the production problems of recent months behind it. By April, 70 chemical manufacturers had exercised force majeure (“superior force”) clauses to enable them to renege on or delay delivery contracts—three times the number issued after Hurricane Harvey in 2017. And deliver products and brands incorporated into your clothing, your car, and even your carpet. Earlier this month, all major urethane foam suppliers invoked the Force Majeure clauses in their supply agreements and put their contract customers on allocation based upon previous usage. Feb 24th, 2021 - GreenChem Industries. HOUSTON (ICIS)--Widespread outages at crackers and polyethylene (PE) plants stemming from a major winter storm in Texas have exacerbated existing tightness in the US market. Global Propylene Glycol Market Size, Status And Forecast 2021-2025. DuPont declared force majeure at its plant in La Porte last week because of a major outage.
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