US Williams declares FM on ethylene, cites hurricane

10 September 2012 22:06  [Source: ICIS news]

HOUSTON (ICIS)--US olefins producer Williams has declared force majeure on ethylene, according to information in the market on Monday, blaming the restriction on inventory losses caused by the shutdown of its cracker during Hurricane Isaac.

The 612,000 tonne/year Geismar cracker in Louisiana has resumed operations, but the company is allocating ethylene sales at 75% during September, a market participant said.

A Williams spokesperson did not respond to a request for comment.

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By: William Lemos
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