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. CDT 084. The track connections of the factories and some of the infrastructure for the production of PVC and VCM (vinyl chloride) are also affected. The article you are searching for was not found. 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. Affected by this, Dow's propylene glycol supply has declared force majeure, and the recovery time will be notified later! The Dow Chemical Company whose primary place of business is at 2030 Building, . 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. 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. 16 Feb 2021 | 22:56 UTC; Houston; . Das Duo an der Spitze: CEO Wolfgang Moyses (li.) Many chemical companies such as Dow, LyondellBasell and Covestro have encountered force majeure! It seems that the extreme shortage of polyurethane has caused serious damage to industries such as furniture and mattresses. Westlake Chemical: Force majeure declared on Aug. 31 on all North American PVC and VCM. The force measure was declared on 2nd July . Web Design by Media Proper, Covestro Earnings Call Urethane Highlights, Urethane Highlights from Dows Investor Call. 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 . One, the chemical giants continue to force majeure. 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. . (We'll never share your email address with a third-party. Full story. May 27, 2015. 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. Neu im dvi-Vorstand: Roman Billiani (Foto: dvi) Im Vorstand des Deutschen Verpackungsinstituts (dvi, Berlin) hat es einen Wechsel gegeben: Seit der Mitgliederversammlung am 31. Wie das Unternehmen mitteilte, wurden die ersten Infrastrukturarbeiten - zu denen etwa das Verlegen von unterirdischen Rohrleitungen . Affected by this, Dow's propylene glycol supply declared force majeure, recovery time Follow-up notice! *Curve comparison and historical data download, View all products of Market Price & Insight. The company has not given a timetable for resuming production. 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. West Palm Beach, FL 33401, Copyright 2023GreenChem IndustriesAll Right Reserved. Wednesday, March 29, 2023. BP's unexpected transaction: involving 4 Chinese factories, Reed Exhibitions cancels 2020 in-cosmetics Global, Seven Reasons why doesn't the ocean freeze, The export volume of cosmetics in December was 428.3 million US dollars, What are the best borehole water treatment chemicals, Policies guide the healthy development ofhealth food industry, Fluid, Electrolyte, and Acid-base Balance, View all products of Market Price & Insight, Trade Alert - Delivering the latest product trends and industry news straight to your inbox. West Palm Beach, FL 33401, Copyright 2023GreenChem IndustriesAll Right Reserved. Journalist: Li Hua. We intend to keep you informed as new information becomes available.Click here to see the official announcement. 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. 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. Commodity Prices and Essential Market Data, Upstream Cost Analysis Service First Quarter 2023 Update, S&P Global Commodity Insights East Africa Forum. Bayport is a big styrene monomer facility at over . All Rights Reserved. Textile giant announced some factories to stop production and reduce production. 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) 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. 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. After that, the company lifted its force majeure on ethylene, polyethylene, propylene, and other co-products individually in February. . Newswire. . 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). 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. Die weltweite Konjunkturschwche hat Dow Chemical in die Verlustzone gedrckt. According to local news reports, the shutdown was due to insufficient supply of raw materials, and production had to be cut by about half. 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. May 10, 2022. ", **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. Speak with ICIS. 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. Fibrant announces force majeure of the company's Cyclohexanone and caprolactam. **OxyChem: Declared Feb. 15 on US chlorine, caustic soda, EDC, vinyl chloride monomer and polyvinyl chloride. West Palm Beach, FL 33401, Copyright 2023GreenChem IndustriesAll Right Reserved. Stay ahead of the rapidly changing energy and commodity markets with the latest news and insight from Argus. Copyright Dow (1995-2023). Track your investments 24 hours a day, around the clock from around the world. . 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 (Contract). 5:03. (We`ll never share your email address with a third-party.). Dow had previously declared force majeure on all grades of polyethylene produced in Europe. 2023 Argus Media group. Markets never sleep, and neither does Bloomberg. **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. The status of the device has not been announced so far. Mark Renders/Getty Images/Thinkstock. All rights reserved. Prior to the force majeure, styrene margins were the same old lackluster due to high benzene and just too much styrene capacity running full. . BMW M Introduces 650-hp i7 M70 xDrive Sedan. The floods affected the infrastructure for the transportation of Naphtha, a key raw material. 25 Feb 2021 | 23:13 UTC; Houston; . Copied. 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. August 18th, 2021. The shortage in silicon metal, sparked by a production cut in China, has sent prices up 300% in less than two months. . Recently, Dows 340,000-ton/year MDI device in Texas, USA was interrupted due to an unexpected mechanical failure of the raw material supplier. This resumption of supply is entirely contingent on a . 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. Sign up today for market information and newsletter, 222 Clematis Street, Suite 207 However, no official announcement has been done by Dow yet, nevertheless the turnaround might come into effect soon in USA. Vinnolit announces force majeure for PVC and VCM. 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. 9/9/2021. Dow is using all commercially reasonable means to address thissituation and hopes to be in a position to resume Glycol Ethers supply soon.Dow will allocate available product in a manner that is fair and reasonable. It has not yet given a timetable for resuming production. GreenChem furthers our Go Green initiative. 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. Feb 24th, 2021. Silicon metal at the Alumetal Group Hungary Kft. To continue reading you must login or register with us. Lyondell Basel's 1.5 million tons cracking plant quickly went offline after a short restart. 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. South Korea's Hanwha phthalic anhydride plant shuts down. Monument Chemical Price Increase, March 16, 2023, ExxonMobil Price Increases, March 9, 2023. Pursuant to the terms of your applicable Sales Contract, Dow is excused from performance during the term of this Force Majeure event. Pursuant to the terms of the applicable Contract, Dow is excused from performance during the term of this Force Majeure event. 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). Great Place to Work and FORTUNE recognize Dow for 3rd consecutive year among 100 Best Companies to Work For. Rose Tree Corporate Center 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. Surteco: Rckgnge bei Erlsen und Ertrgen. GreenChem furthers our Go Green initiative. Dow Chemical is solving this problem and hopes to resume normal supply soon. In addition, the force majeure of MDI originally announced on February 17 this year still exists. Dow regrets this situation and thanks you for your continued patience during this difficult period. FACTBOX: Petroleum, power markets show signs of easing as Texas power returning. Listen to this article. It is expected that Fibrant's operating rate will take several weeks to return to normal levels. Gazprom Neftekhim Salavat is repairing low-density polyethylene (LDPE) and high-density polyethylene (HDPE) plants, and the shutdown period will last 30 days. as provided in the applicable sales agreement or purchase order ("Contract"). HOUSTON (ICIS)-US methylene diphenyl diisocyanate (MDI) supplies are facing further tightening amid shortages of precursors used in isocyanate production. ICP16009155-1 | Copyright@Qingdao ECHEMI Digital Technology Co., Ltd. Sasol: Force majeure declared Aug. 31 on all North American polyethylene, including all LLDPE and HDPE grades. Dow: Two of three crackers in Terneuzen, the Netherlands, failed. 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. 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. Force . Gazprom's PE device undergoes 30-day maintenance. 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. 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 . Most force majeure clauses do not excuse a party's non-performance entirely but only suspend it for the duration of the force majeure. Its free and easy to do. Ethyl Glycol Ethers. Spezialisiert auf Ummantelungen aus Kunststoff hat Reiku mit rund 60 Mitarbeitern im vergangenen Jahr einen Umsatz von 14 Mio EUR erzielt. quantities of Glycol Ethers, including: Methyl Glycol Ethers, extending an existing force majeure. Monument Chemical Price Increase, March 16, 2023, ExxonMobil Price Increases, March 9, 2023. 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. control of The Dow Chemical Company ("Dow"), Dow is unable to supply you with the. ECHEMI 2021-07-30. Dear Valued Customer: 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: More petrochemical force majeures and plant shutdowns emerged Feb. 18 as the US Gulf Coast continued grappling with a deep freeze that brought the coldest sustained temperatures seen in the region in more than a century. By subscribing, you can get the latest Dow news and information delivered straight to your inbox. Force majeure Dow Orange, Texas Site shutdown . 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. 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. Fr eine nicht genannte Summe hat der Automobilzulieferer Delfingen (Anteuil / Frankreich) 85 Prozent der Anteile des deutlich kleineren Mitbewerbers Reiku Kabelschutzsysteme (Wiehl-Bomig) bernommen. BEVs Take Half the Spots on 2022 Wards 10 Best Interiors & UX List. ), AkzoNobel Announces Paint the Future Collaborations, ECHEMI Overseas Buyers Opinions on Chinese Suppliers and Industry Development, Sino-US Symposium on Natural Health Products. [contact-form-7 id=5739 title=News Contact Form], Sign up today for market information and newsletter, 222 Clematis Street, Suite 207 Read blog articles and case studies about Dow's vision, ambitions and actions to help create a more sustainable, equitable world. 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. The reduction in the supply of raw materials caused Fibrant to also be forced to reduce production. Covestro and Brunsbitt have issued force majeure statements. 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. Be sure to reach out to your dedicated GreenChem Sales Rep for further insight on how the latest chemical news might effect you. 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. 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. The chemical giant layoffs 'self-help', more than 10% of its European employees! 1400 N Providence Rd If you are a member of the press, you can request information directly from our press contacts team. AnQore announces force majeure of the company's Acrylonitrile. FORCE MAJEURES ** Dow Chemical: Declared Feb. 19, on 2-ethylhexanol and butanol products from its Texas City, Texas complex . The data problem slowing down progress on climate targets in the chemical industry. Pursuant to the terms of the Contract, Dow is excused from performance during the term of this Force Majeure event. . Suite 302 Be sure to reach out to your dedicated GreenChem Sales Rep for further insight on how the latest chemical news might effect you. More than three-quarters of the U.S. Gulf of Mexico's offshore oil output remained shut following Ida. Force Majeure in der . Everchem Specialty Chemicals For more information about our use of cookies, please view our Privacy Policy. Re: Notice of Force Majeure for Dow Propylene Oxide. ** 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 . The Garyville plant has annual PP production capacity of almost 950 million pounds. Houston Petrochemical producers were shutting down plants and some declared force majeure on products they make as a historic deep freeze enveloped the US . 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. The company initially expected to resume operations within one to two weeks, but did not resume production until July 20, and went offline again 6 hours after resuming production. 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. Notification: Force majeure of Dow Polyurethanes MDI products lifted in North America.