Hurricane forced petchem plants shutdown in Houston, USA

Several petrochemical plants in the state of Texas, USA were forced to shutdown earlier this week after a tropical cyclone caused catastrophic flooding in the area. According to media reports, water level is still rising at the time this report is published, putting great uncertainty on the restart schedule at these plants. There is no confirmation on how severe is the impact of the event on these petchem complexes.

Force majeurs are declared at the following units:

Besides, a number of other producers have also taken precautionary action to shut their plants and might be able to resume production soon. 

Supply for ethylene, PP and PE is expected to curtail as a result and therefore pushing global market higher.