Much of the U.S. was hit by a winter storm and sub-zero temperatures, causing widespread power outages in Texas and other parts of the South, bringing freight movement across the country to a near stand-still, and causing multiple petrochemical manufacturers to declare force majeure. The timing of this storm could not be worse, as manufacturing... Read more »
The petrochemical market is reacting to volatility and widespread price increases for the past few consecutive months, leaving many buyers wondering what the reasons are behind it. Companies are especially feeling this added pain just as manufacturing makes its attempt at recovery in the post-pandemic world. Simply stated, there are two primary factors driving these... Read more »
A fire at BASF’s Ludwigshafen Headquarters on October 17th, 2016 has killed three people and injured several. BASF reported the explosion happened during work on a pipeline which transported raw materials. Due to the blast, two steamcrackers at BASF were taken offline because of an interruption in raw material supply. Last Wednesday BASF reported that... Read more »
