Overnight on Wall Street is daytime in Asia. According to foreign media reports, LyondellBasells 1.5 million tons/year cracking furnace in Texas was closed in the last week of June. Gazprom's PE device undergoes 30-day maintenance. Read and listen to the latest blog posts and podcasts for your market and region. The shortage in silicon metal, sparked by a production cut in China, has sent prices up 300% in less than two months. Recently, Dow Chemical Europe Ltd. declared force majeure, effective immediately. The force measure was declared on 2nd July . Please use the button below and we will bring you back here when complete. 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. Be sure to reach out to your dedicated GreenChem Sales Rep for further insight on how the latest chemical news might effect you. 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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 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. 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. Silicon's 300% Surge Throws Another Price Shock at the World Our editors and experts share insights and analyses about energy and commodity markets worldwide. Fr eine nicht genannte Summe hat der Automobilzulieferer Delfingen (Anteuil / Frankreich) 85 Prozent der Anteile des deutlich kleineren Mitbewerbers Reiku Kabelschutzsysteme (Wiehl-Bomig) bernommen. 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. Houston Published as WO 01/62822 on 30 Aug 2001 : Country : Sub : (We`ll never share your email address with a third-party.). The floods affected the infrastructure for the transportation of Naphtha, a key raw material. 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. The Garyville plant has annual PP production capacity of almost 950 million pounds. 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. Herma: Schwierige Beschaffungslage bei Rohstoffen Jump to. August 18th, 2021. Note! These Chemical Giants Will Raise Prices Since April 1st, 2021 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 status of the device has not been announced so far. Force Majeure Hits Construction and Consumer Market Hard - LinkedIn 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. Gazprom Neftekhim Salavat is repairing low-density polyethylene (LDPE) and high-density polyethylene (HDPE) plants, and the shutdown period will last 30 days. Dow: Two of three crackers in Terneuzen, the Netherlands, failed. Published date: 09 September 2021. Wednesday, March 29, 2023. Textile giant announced some factories to stop production and reduce production. For more information about our use of cookies, please view our Privacy Policy. DOW Notice of Force Majeure. - Greenchem Industries The data problem slowing down progress on climate targets in the chemical industry. Schtz: Mehr Kapazitten zur Fass- und Kanisterproduktion in Irland Pursuant to the terms of the Contract, Dow is excused from performance during the term of this Force Majeure event. Pursuant to the terms of the Contract, Dow is excused from performance during the term of this Force Majeure event. A behind-the-scenes, deep-dive into the scandals and institutional collapses that impact our daily lives. 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. [contact-form-7 id=5739 title=News Contact Form], Sign up today for market information and newsletter, 222 Clematis Street, Suite 207 (an "Event of Force Majeure"). August 13, 2021. . 16 Feb 2021 | 22:56 UTC; Houston; . Bayport is a big styrene monomer facility at over . Receive daily email alerts, subscriber notes & personalize your experience. . Wie das Unternehmen mitteilte, wurden die ersten Infrastrukturarbeiten - zu denen etwa das Verlegen von unterirdischen Rohrleitungen . The current shutdown date is undetermined. SABIC has previously announced the force majeure upgrade of LDPE in the Netherlands. . Hydrogen Finally Getting Its Day. Resin makers still assessing impact of Hurricane Ida . Listen to this article. ICP16009155-1 | Copyright@Qingdao ECHEMI Digital Technology Co., Ltd. Force . ECHEMI 2021-03-03. 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. The chemical giant layoffs 'self-help', more than 10% of its European employees! Dow Chemical is solving this problem and hopes to resume normal supply soon. Copyright Dow (1995-2023). 1400 N Providence Rd Herma: Schwierige Beschaffungslage bei Rohstoffen. as provided in the applicable sales agreement or purchase order ("Contract"). This website uses cookies to provide you the best experience. October 1, 2021, 3:26 AM UTC Updated on October 1, 2021, 11:08 AM UTC. Staff. Dow regrets this situation and thanks you for your continued patience during this difficult period. Re: Notice of Force Majeure for Dow Propylene Oxide. 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. 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. Shell declares force majeure on Gulf deliveries after Ida hit Web Design by Media Proper, Covestro Earnings Call Urethane Highlights, Urethane Highlights from Dows Investor Call. Evonik last week told customers in a letter that 'unexpected technical issues' at its production . 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. **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. Notice of Force Majeure by DOW - Greenchem Industries Dow: Chemiegigant rutscht in die roten Zahlen | KunststoffWeb BASF/Dow and Other Giants Suddenly Force Majeure - ECHEMI 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. Nov 11, 2022. Now, more than ever, dynamic insights are key to navigating complex, volatile commodity markets. Copied. Production interrupted ! Dow's European plant declares force majeure 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. . Force Majeure in der . More Than A Dozen Plastic Chemical Companies Have Pressed The Contents | Cambridge Display Technology, Inc. | Business Contracts | Justia Many chemical companies such as Dow, LyondellBasell and Covestro have encountered force majeure! ), AkzoNobel Announces Paint the Future Collaborations, ECHEMI Overseas Buyers Opinions on Chinese Suppliers and Industry Development, Sino-US Symposium on Natural Health Products. For the most part, Dow Chemical, ExxonMobil, and SABIC are companies with deep experience in planning and executing mega projects in the Middle East. Most force majeure clauses do not excuse a party's non-performance entirely but only suspend it for the duration of the force majeure. 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. Wanhua, Dow and other giants all issued price increases! **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 vinyl acetate monomer (VAM), methyl methacrylate (MMA), glacial methacrylic acid (GMAA), butyl methacrylate (BMA), glycidyl methacrylate (GMA), 2-ethylhexyl Acrylate (2EHA), butyl acrylate (BA), and others; Dow informed South American customers, **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 acetate and ethylene vinyl acetate (EVA), **Total: Declared Feb. 17 on polypropylene produced at its 1.15 million mt/year La Porte, Texas, facility, **Formosa Plastics USA: Declared Feb. 17 on all chlor-alkali products, **LyondellBasell: Declared Feb. 15 on US polyethylene, **Flint Hills Resources: Declared Feb. 15 on polypropylene produced at Longview, Texas.