Monument Chemical Price Increase, March 16, 2023, ExxonMobil Price Increases, March 9, 2023. 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. By clicking the Accept button below, you are consenting to receive and store cookies from our site. 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. Published date: 09 September 2021. According to local news reports, the shutdown was due to insufficient supply of raw materials, and production had to be cut by about half. Bloomberg Daybreak Asia. 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. The data problem slowing down progress on climate targets in the chemical industry. Monument Chemical Price Increase, March 16, 2023, ExxonMobil Price Increases, March 9, 2023. Web Design by Media Proper, Covestro Earnings Call Urethane Highlights, Urethane Highlights from Dows Investor Call. It is expected that Fibrant's operating rate will take several weeks to return to normal levels. (We`ll never share your email address with a third-party.). . 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. It has not yet given a timetable for resuming production. Rose Tree Corporate Center 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. The floods affected the infrastructure for the transportation of Naphtha, a key raw material. Monument Chemical Price Increase, March 16, 2023, ExxonMobil Price Increases, March 9, 2023. 31-Jan-2022 2:02 PM. 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. **OxyChem: Declared Feb. 15 on US chlorine, caustic soda, EDC, vinyl chloride monomer and polyvinyl chloride. Fr das erste Quartal 2023 meldete der Ifo-Institut: Geschftsklima hellt sich weiter auf . 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. Force Majeure in der . 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). Hydrogen Finally Getting Its Day. The company has not given a timetable for resuming production. AnQore announces force majeure of the company's Acrylonitrile. Sign up today for market information and newsletter, 222 Clematis Street, Suite 207 Be sure to reach out to your dedicated GreenChem Sales Rep for further insight on how the latest chemical news might effect you. Dow's Gulf Coast operations include a complex at Freeport, Texas, with three crackers able to produce a combined 3.2 million mt/year, two LDPE units with 552,000 mt/year and 186,000 mt/year HDPE; Dow's Seadrift, Texas, complex includes 490,000 mt/year LLDPE and 390,000 mt/year HDPE; Dow told South American customers in a letter dated Feb. 16 that the company was assessing impact on PE production capacity "and we know that our ability to supply various products could be affected. However, no official announcement has been done by Dow yet, nevertheless the turnaround might come into effect soon in USA. HOUSTON (ICIS)-US methylene diphenyl diisocyanate (MDI) supplies are facing further tightening amid shortages of precursors used in isocyanate production. At present, the company has expanded the upgrade stage and announced that its entire PE production in Europe has encountered force majeure. Covestro and Brunsbitt have issued force majeure statements. Ethyl Glycol Ethers. 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. 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. . Die weltweite Konjunkturschwche hat Dow Chemical in die Verlustzone gedrckt. Textile giant announced some factories to stop production and reduce production. 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. 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. Feb 24th, 2021. Mrz 2023 gehrt Roman Billiani, CEO Business Unit Food & Specialities beim Kartonverpackungshersteller MM Packaging (Wien / sterreich), mit zum Fhrungsteam. Jump to. 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. 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. Fibrant, the main supplier of caprolactam in Europe, announced that the company's cyclohexanone and caprolactam were force majeure because its main raw material supplier had to cut production due to floods in Northwestern Europe. Here is a rundown of confirmed fallout from the freeze: **Formosa Plastics USA: Declared Feb. 18 on PVC, 1.3 million mt/year of capacity at Point Comfort, Texas, and Baton Rouge, Louisiana, complexes. Prior to the force majeure, styrene margins were the same old lackluster due to high benzene and just too much styrene capacity running full. Das Duo an der Spitze: CEO Wolfgang Moyses (li.) Nordic Chemical: Plans to shut down its 300,000-ton/year cracker in Antwerp, Belgium for maintenance by late January. This website uses cookies to provide you the best experience. INEOS Olefins & Polymers USA: Force majeure declared Aug. 26 on HDPE at 460,000 mt/year unit in La Porte, Texas; plant is a joint venture with Sasol. . Bayport is a big styrene monomer facility at over . 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. Evonik last week told customers in a letter that 'unexpected technical issues' at its production . Full story. Lyondell Basel's 1.5 million tons cracking plant quickly went offline after a short restart. Commodity Prices and Essential Market Data, Upstream Cost Analysis Service First Quarter 2023 Update, S&P Global Commodity Insights East Africa Forum. It seems that the extreme shortage of polyurethane has caused serious damage to industries such as furniture and mattresses. ECHEMI 2021-03-03. This situation is due to extreme weather conditions that resulted in temperatures below freezing at Dow's St. Charles, Louisiana operations (the . 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Be sure to reach out to your dedicated GreenChem Sales Rep for further insight on how the latest chemical news might effect you. Browse images and videos of the markets and communities Dow does business in, as well as its philantrhopic efforts. 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. Crazy' price hike! 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). GreenChem furthers our Go Green initiative. 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. Staff. Force Majeure in der . Be sure to reach out to your dedicated GreenChem Sales Rep for further insight on how the latest chemical news might effect you. "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. 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. Affected by this, Dow's propylene glycol supply declared force majeure, recovery time Follow-up notice! Many chemical companies such as Dow, LyondellBasell and Covestro have encountered force majeure! Disclaimer: ECHEMI reserves the right of final explanation and revision for all the information. Die weltweite Konjunkturschwche hat Dow Chemical (Midland, Michigan / USA) in die Verlustzone gedrckt. West Palm Beach, FL 33401, Copyright 2023GreenChem IndustriesAll Right Reserved. If you are a member of the press, you can request information directly from our press contacts team. 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. In addition, the force majeure of MDI originally announced on February 17 this year still exists. 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. 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. 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. 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. Pursuant to the terms of the applicable Contract, Dow is excused from performance during the term of this Force Majeure event. Pursuant to the terms of your applicable Sales Contract, Dow is excused from performance during the term of this Force Majeure event. Herma: Schwierige Beschaffungslage bei Rohstoffen. 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 . Silicon metal at the Alumetal Group Hungary Kft. 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. 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. Remember, you can manage cookies in your browsers settings. 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. Fr eine nicht genannte Summe hat der Automobilzulieferer Delfingen (Anteuil / Frankreich) 85 Prozent der Anteile des deutlich kleineren Mitbewerbers Reiku Kabelschutzsysteme (Wiehl-Bomig) bernommen. **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. 81-64-1, Delivering the latest product trends and industry news straight to your inbox. 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 . . West Palm Beach, FL 33401, Copyright 2023GreenChem IndustriesAll Right Reserved. Copied. Houston Petrochemical producers were shutting down plants and some declared force majeure on products they make as a historic deep freeze enveloped the US . Share this article. Dow had previously declared force majeure on all grades of polyethylene produced in Europe. Monument Chemical Price Increase, March 16, 2023, ExxonMobil Price Increases, March 9, 2023. Copyright Dow (1995-2023). 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) Dow will allocate available product in a manner that is fair and reasonable. Pursuant to the terms of your applicable Sales Contract, Dow is excused from performance during the term of this Force Majeure event. (We'll never share your email address with a third-party. as provided in the applicable sales agreement or purchase order ("Contract"). Affected by this, Dow's propylene glycol supply has declared force majeure, and the recovery time will be notified later! Pinnacle Polymers declared force majeure for PP made at its plant in Garyville, La., just outside of New Orleans. 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 negative impact on net income in the first quarter of 2006 was expected to be U.S. $20 - $25 million. Now, more than ever, dynamic insights are key to navigating complex, volatile commodity markets. Celanese also declared force majeure Feb. 18 on multiple chemicals, including VAM and acetic acid. 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. BEVs Take Half the Spots on 2022 Wards 10 Best Interiors & UX List. 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. 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. We intend to keep you informed as new information becomes available.Click here to see the official announcement. February 3, 2021. 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. aluminium processing plant in Komarom, Hungary. We intend to keep you informed as new information becomes available. ICP16009155-1 | Copyright@Qingdao ECHEMI Digital Technology Co., Ltd. **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. **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. 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 . . Everchem Specialty Chemicals **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. **Olin: Declared Feb. 16 on US chlorine, caustic soda, ethylene dichloride, epoxy, hydrochloric acid and other products produced at its Freeport, Texas, complex.