NewsFlashTwo US EG producers declare FM

05 September 2008 20:20 [Source: ICIS news]

(Recasts for clarity)

HOUSTON (ICIS news)--Two US ethylene glycol (EG) producers have declared force majeure (FM) in the wake of Hurricane Gustav, a situation that has halted a decline in prices, market sources said on Friday.

MEGlobal and Shell Chemical have declared FM as a result of shutdowns and disruptions at Louisiana plants, sources said. The companies could not immediately be reached for comment.

(Additional reporting by Gene Lockard)

To discuss issues facing the chemical industry go to ICIS connect

By: Landon Feller
+1 713 525 2653

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly