Americas top stories: weekly summary

Author: ICIS Editorial


HOUSTON (ICIS)--Here are the top stories from ICIS News from the week ended 19 February.

Formosa extends force majeure on US HDPE, PP, declares FM on other PE products
Formosa Plastics USA has extended its force majeure declaration on polypropylene (PP) and high density polyethylene (HDPE) and has also declared force majeure on all remaining Formolene PE products, according to a Friday customer letter.

Industrial plants still without power as Texas reels from storms
Texas' industrial plants remained without power on Friday morning as the state's operator continues attempts to restore all parts of the grid in the wake of freezing storms that have beset the US Gulf Coast all week.

Formosa Plastics USA cuts rates, shuts output at all US units
Formosa Plastics USA has either shut down operations or lowered production rates at its units in Point Comfort, Texas, and Baton Rouge, Louisiana, because of the frigid weather, the polyolefins and vinyls producer said on Thursday.

Tronox's capital projects to drive TiO2 integration, reduce costs - exec
Tronox is looking to two key capital projects to further drive its vertical  integration and reduce costs, Jean-Francois Turgeon, co-CEO and chief operating officer of the US-based titanium dioxide (TiO2) company, said in an update on Thursday.

US Gulf Coast chems paralysis continues amid widespread blackouts
Chemicals production in the key US Gulf Coast producing hub continued as Texas residents dealt with another day of freezing conditions, with little clarity when power will be restored in the state.

Freezing weather puts US Gulf Coast chems on ice
Freezing conditions in the US Gulf Coast have brought the region’s refining and petrochemicals production grinding to a halt, with a barrage of shutdowns, production upsets and force majeure notices emerging since the storm hit.

US Gulf Coast ice storms cause chems production freeze
An almost unprecedented polar storm sweeping across the US Gulf Coast states has led to shutdowns and production cuts at a swathe of petrochemicals plants and refineries in the area, as well as throttling transport and leaving millions without power.