17 June 2013 20:17 [Source: ICIS news]
HOUSTON (ICIS)--US chemical producer Williams Olefins was busy Monday continuing to investigate the cause of the 13 June explosion and fire at its Geismar cracker in Louisiana that resulted in two deaths and numerous injuries.
A command centre at the company's Tulsa, Oklahoma, headquarters has been set up to support activities in Geismar, the company said, and a team of employees has returned to the unaffected area of the plant to further decommission the facility.
Williams said it is working up plans for OSHA's approval to restore power and other basic services to the facility.
In response to the shutdown of the plant, the US olefins markets moved higher on 13-14 June but softened slightly on Monday.
Ethylene for June was heard bid at 55.5 cents/lb ($1,234/tonne, €918/tonne) against offers at 60.0 cents/lb.
The most recent reported spot deals, completed on 14 June, were done between 59-60 cents/lb.
Market players said that if Williams announces a long-term shutdown of the unit prices could rally. No timetable has been given regarding the plant's return to operation.
($1 = €0.75)
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