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)

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By: Landon Feller
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