HOUSTON (ICIS)--The financial effect and expected start-up date after a fire at a Chevron Phillips Chemical (CP Chem) plant in Port Arthur, Texas is still unknown, an executive with Phillips 66 said on Wednesday.
CP Chem, a joint venture between Philips 66 and Chevron, continues to evaluate the events at the Port Arthur facility, Phillips 66 chief financial officer Greg Matthews said during a Q2 earnings conference call.
“At this point it’s still too early to provide specifics on how long the facility will be down or the total financial impact,” he said.
The blaze on 7 July, which was localised to a process heater, caused an emergency shutdown at the facility and injured two employees.
Later in the call, executives said that a restart date would be speculative but since the fire was localised the company did not see a reason the plant would be down for a prolonged period of time.
The plant has a capacity of 415,000 tonnes/year of cyclohexane, 803,000 tonnes/year of ethylene, 500,000 tonnes/year of propylene and 145,000 tonnes/year of toluene, according to ICIS plants and projects database.