09 February 2011 19:41 [Source: ICIS news]
(updates paragraphs 2-5, adds paragraph 12)
HOUSTON (ICIS)--The fire at the Enterprise Products west storage facility in Mont Belvieu, ?xml:namespace>
Market sources said the flames early on Wednesday were minimal compared with Tuesday, although the company said small hot spots remained.
One contractor was still missing as of midday Wednesday, news reports said. Otherwise, no other injuries or fatalities were reported.
The company noted that its main facilities at Mont Belvieu were not damaged and remained operational, including its natural gas liquids (NGL) fractionators, propylene fractionators, butane isomerisation units and octane enhancement facility.
The ethylene bid-offer range was at 45.50-48.00 cents/lb on Wednesday morning, sources said, up from 44.00-45.50 cents/lb prior to the fire.
The spike resulted from higher ethane prices, market sources said. A deal for ethane was done on Wednesday morning at 62.625 cents/gal, up roughly 8% from a range of 57.500-58.500 cents/gal on Tuesday.
Prices for butane and propane also rose on Wednesday, market sources said.
To that end, LyondellBasell said it reduced rates at its nearby cracker in
Also on Wednesday, a market source familiar with Huntsman operations said that company’s Port Neches chemical complex had not been affected.
The source said Huntsman typically receives about 17,000 bbl/day of isobutane from
ExxonMobil said on Tuesday that it had taken precautionary steps to keep its giant
Meanwhile, Chevron Phillips Chemical, which operates an olefins facility nearby in Cedar Bayou and a polyolefins facility in
Shell said the fire had no impact on its downstream operations or those of Motiva, but was still assessing the situation.
Enterprise Products also operates an NGL fractionation plant in Mont Belvieu with a total capacity of 305,000 bbl/day, the company said.
The fire in Mont Belvieu, located about 30 miles (48 km) east of Houston, began at about 12:30 hours Houston time (18:30 GMT) on Tuesday.
(Additional reporting by Sheena Martin, William Lemos, Brian Ford and Al Greenwood)
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