Your allocation volume will be communicated to you by your account manager as soon as possible. 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 . Recently, Dow's 340,000-ton/year MDI device in Texas, USA was interrupted due to an unexpected mechanical failure of the raw material supplier. ADI Chemical Market Resources Newsletter <br>June 26, 2006 Dear CUSTOMER: 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 . Published as WO 01/62822 on 30 Aug 2001 : Country : Sub : West Palm Beach, FL 33401, Copyright 2023GreenChem IndustriesAll Right Reserved. Crazy' price hike! Wanhua, Dow and other giants all issued price Baytown, Texas, refining and chemical complex, including three crackers with a combined capacity of 3.8 million mt/year; TPC Group: Houston site . . Staff. Lyondell Basel's 1.5 million tons cracking plant quickly went offline after a short restart. FACTBOX: Petroleum, power markets show signs of easing as Texas power returning. 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. Pinnacle Polymers declared force majeure for PP made at its plant in Garyville, La., just outside of New Orleans. The floods affected the infrastructure for the transportation of Naphtha, a key raw material. Effective March 15, 2021, or as contracts allow, The Dow Chemical Company . The data problem slowing down progress on climate targets in the chemical industry. Resin makers still assessing impact of Hurricane Ida Mark Renders/Getty Images/Thinkstock. Suite 302 **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 notice shows that the allocation is based on the average monthly purchases of customers over the past 6 months (October 2021-March 2022), which will be effective from May 1, 2022. 81-64-1, Delivering the latest product trends and industry news straight to your inbox. Related news. 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. Butyl Glycol Ethers. 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. Our editors and experts share insights and analyses about energy and commodity markets worldwide. Chemicals firms declare force majeure on silicone products. . Journalist: Li Hua. Re: Notice of Force Majeure for Dow Propylene Oxide. Fr das erste Quartal 2023 meldete der Ifo-Institut: Geschftsklima hellt sich weiter auf . Dow declares HDPE/LLDPE force majeure in Louisiana 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. More than three-quarters of the U.S. Gulf of Mexico's offshore oil output remained shut following Ida. 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. Dow Chemical is solving this problem and hopes to resume normal supply soon. The force measure was declared on 2nd July . Covestro and Brunsbitt have issued force majeure statements. ADI Chemical Market Resources Newsletter <br>May 15, 2006 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. Apr 24, 2023. Ineos: Beginn der Phase 2 beim Cracker-Bau Project One" Copied. . Verbnde: Wechsel im Vorstand des Deutschen Verpackungsinstituts Be sure to reach out to your dedicated GreenChem Sales Rep for further insight on how the latest chemical news might effect you. 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. 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. Monument Chemical Price Increase, March 16, 2023, ExxonMobil Price Increases, March 9, 2023. Force Majeure Hits Construction and Consumer Market Hard - LinkedIn Monument Chemical Price Increase, March 16, 2023, ExxonMobil Price Increases, March 9, 2023. BEVs Take Half the Spots on 2022 Wards 10 Best Interiors & UX List. 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. Factbox: More declarations of force majeure for polymers in Laura's Pursuant to the terms of the Contract, Dow is excused from performance during the term of this Force Majeure event. Full story. den Schtz 2021 mit der bernahme von Gem Plastics erwarb, fertigt das Unternehmen Kunststofffsser sowie verschiedene Kanisterserien. Crazy' price hike! aluminium processing plant in Komarom, Hungary. Markets never sleep, and neither does Bloomberg. GreenChem furthers our Go Green initiative. Gazprom's PE device undergoes 30-day maintenance. This website uses cookies to provide you the best experience. Fibrant announces force majeure of the company's Cyclohexanone and caprolactam. Note! These Chemical Giants Will Raise Prices Since April 1st, 2021 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. Influence. September 17, 2021 at 12:22 am. May 27, 2015. You exceeded the limit of bookmarked content(only 15 bookmarks are allowed).Please remove one of the bookmarks. Great Place to Work and FORTUNE recognize Dow for 3rd consecutive year among 100 Best Companies to Work For. 2023 by S&P Global Inc. All rights reserved. October 1, 2021, 3:26 AM UTC Updated on October 1, 2021, 11:08 AM UTC. 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. FORCE MAJEURES ** Dow Chemical: Declared Feb. 19, on 2-ethylhexanol and butanol products from its Texas City, Texas complex . Prior to this, Lyondell Basels letter to customers on July 16 stated that after the extreme weather struck by lightning on July 13th, Lyondell Basel closed the Quantum Chemicals 509,000-ton/year PP plant in Louisiana. 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. 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. . Dow regrets this situation and thanks you for your continued patience during this difficult period. It seems that the extreme shortage of polyurethane has caused serious damage to industries such as furniture and mattresses. Monument Chemical Price Increase, March 16, 2023, ExxonMobil Price Increases, March 9, 2023. Recently, Dow Chemical Europe Ltd. declared force majeure, effective immediately. Remember, you can manage cookies in your browsers settings. Everchem Specialty Chemicals Houston Its free and easy to do. Herma: Schwierige Beschaffungslage bei Rohstoffen Prior to the force majeure, styrene margins were the same old lackluster due to high benzene and just too much styrene capacity running full. Pursuant to the terms of your applicable Sales Contract, Dow is excused from performance during the term of this Force Majeure event. Notification: Force majeure of Dow Polyurethanes MDI products lifted in North America. 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. Many chemical companies such as Dow, LyondellBasell and Covestro have encountered force majeure! 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. BASF warns of ethylene oxide shortage after technical problems Pursuant to the terms of your applicable Sales 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 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. BASF/Dow and Other Giants Suddenly Force Majeure - ECHEMI The shortage in silicon metal, sparked by a production cut in China, has sent prices up 300% in less than two months. Dow/Lyondellbasell Declared Force Majeure! - GCI Commodity Prices and Essential Market Data, Upstream Cost Analysis Service First Quarter 2023 Update, S&P Global Commodity Insights East Africa Forum. GreenChem furthers our Go Green initiative. SHARE THIS. **Formosa Plastics USA: Entire Point Comfort, Texas, complex, including three crackers with a cumulative capacity of 2.76 million mt/year; 875,000 mt/year of high density polyethylene; 400,000 mt/year of low density PE; 465,000 mt/year of linear low density PE; two PP units with combined capacity of 1.7 million mt/year; 798,000 mt/year of PVC; 1 million mt/year of caustic soda and 910,000 mt/year of chlorine; 753,000 mt/year of VCM; 1.478 million mt/year of EDC; and a cumulative 1.17 million mt/year of monoethylene glycol operated by sister company Nan Ya Plastics. 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. 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. Dow: Chemiegigant rutscht in die roten Zahlen | KunststoffWeb Force Majeure in der . Recently, Dows 340,000-ton/year MDI device in Texas, USA was interrupted due to an unexpected mechanical failure of the raw material supplier. At present, the company has expanded the upgrade stage and announced that its entire PE production in Europe has encountered force majeure. 16 Feb 2021 | 22:56 UTC; Houston; . This situation is due to extreme weather conditions that resulted in temperatures below freezing at Dow's St. Charles, Louisiana operations (the . We intend to keep you informed as new information becomes available.Click here to see the official announcement. 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. Most force majeure clauses do not excuse a party's non-performance entirely but only suspend it for the duration of the force majeure. Pursuant to the terms of the Contract, Dow is excused from performance during the term of this Force Majeure event. The current shutdown date is undetermined. West Palm Beach, FL 33401, Copyright 2023GreenChem IndustriesAll Right Reserved. GreenChem furthers our Go Green initiative. Evonik catalyst FM a concern for EU biodiesel output BASF warns of ethylene oxide shortage after technical problems. AnQore, the world's leading producer of acrylonitrile/hydrocyanic acid, announced force majeure for acrylonitrile at its Geleen plant in the Netherlands. The track connections of the factories and some of the infrastructure for the production of PVC and VCM (vinyl chloride) are also affected. . Web Design by Media Proper, Covestro Earnings Call Urethane Highlights, Urethane Highlights from Dows Investor Call. 5:03. 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. Per the previous letter dated February 16, 2021, Lyondell Chemical Company declared a force majeure event for all products within our Americas Propylene Oxide & Derivatives Portfolio - Propylene Oxide,Propylene-Glycols, Allyl Alcohol, Butanediol & Derivatives, Propylene-Series Glycol Ethers and Propylene-Specialties Glycol Ethers, effective February 16. Buffett Will Beat theMarket asRecession Looms, Investors Say, Rivians Troubles Dont End at a 93% Wipeout, First Republics Jumbo Mortgages Brought On Banks Failure, Asia Stocks Set for Mixed Start as Treasuries Drop: Markets Wrap, Yellen Warns Congress Treasury May Run Out of Cash Soon as June. 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. . 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 . FACTBOX: Post-freeze petrochemical restart efforts - S&P Global 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. 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. Notice of Force Majeure by DOW - Greenchem Industries Many chemical companies such as Dow, LyondellBasell and Covestro have This resumption of supply is entirely contingent on a . 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 . If you are a member of the press, you can request information directly from our press contacts team. Dow: Two of three crackers in Terneuzen, the Netherlands, failed. 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. A behind-the-scenes, deep-dive into the scandals and institutional collapses that impact our daily lives. The Garyville plant has annual PP production capacity of almost 950 million pounds. Privacy Policy |Terms of Sale|Terms and Conditions, CPHI is the premier annual convention that unites players in the pharmaceutical industry from across, 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, Subscribe for exclusive offers and updates on new arrivals, 222 Clematis Street, Suite 207 West Palm Beach, FL 33401, CPHI 2023; UNLOCKING THE FULL POTENTIAL OF THE PHARMACEUTICAL INDUSTRY, Lyondellbasell Price Increases, April 7, 2023, Monument Chemical Price Increases, April 1, 2023. Dow Chemical likely to Announce Maintenance Turnaround on its MMA unit 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.
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