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Ethylene27-Sep-2024
HOUSTON (ICIS)–Nearly a quarter of US oil
production in the Gulf of Mexico remains shut
in following Hurricane Helene, a government
agency said on Friday.
The following table shows the disruptions to US
Gulf production that were caused by Helene,
according to the Bureau of Safety and
Environmental Enforcement (BSEE).
Total
% of US Gulf
Oil, bbl/day
427,000
24.39%
Gas, million cubic feet/day
343
18.46%
Source: BSEE
Total
% of US Gulf
Platforms evacuated
9
2.43%
Rigs evacuated
0
0%
Source: BSEE
Helene has weakened to a tropical depression
after making landfall on Thursday night as a
powerful Category 4 hurricane on the
northwestern coast of Florida.
Since making landfall, the storm has knocked
out power to millions, caused floods and
produced record storm surges.
It set new all-time tide gauge records in the
Tampa Bay area, a hub for the fertilizer
industry, according to the meteorological firm
AccuWeather.
Overall damage could be in the tens of billions
of dollars, AccuWeather said.
Such widespread power outages and floods will
lower demand for plastics and chemicals.
Afterwards, repairs should boost demand for
paints, coatings and other plastics and
chemicals used in construction.
Acetone27-Sep-2024
LONDON (ICIS)–Ahead of the approaching
European Petrochemical Conference (EPCA) in
Berlin 7-10 October, ICIS editors discuss
market conditions in a variety of solvent
markets.
Ahead of the approaching European Petrochemical
Conference (EPCA) in Berlin 7-10 October, ICIS
editors discuss market conditions in a variety
of solvent markets.
Market updates on methyl ethyl ketone
(MEK), methyl isobutyl ketone (MIBK),
isopropanol (IPA), phenol, acetone, toluene,
mixed xylenes, glycol ethers and propylene
glycol ethers, butyl acetate and ethyl acetate
Trade flows and impact of freight rate
movements
Overcapacity versus low demand levels
Upcoming maintenance programs
In this episode, Jane Massingham talks to
editors Nick Cleeve, Jane Gibson, Zubair Adam,
Cameron Birch and Marion Boakye.
Ammonia27-Sep-2024
HOUSTON (ICIS)–More than 4 million outages
were reported in the southeastern US on Friday
after Hurricane Helene made landfall as a
powerful Category 4 storm in northwestern
Florida.
The southeastern US does not have a lot of
chemical production. But such widespread power
outages, in addition to disruptions caused by
flooding, will lower demand for plastics and
chemicals more broadly.
The power outages are concentrated in the US
states of South Carolina, Georgia, Florida and
North Carolina, according to the website
poweroutage.us.
Among the few chemical plants near Helene’s
landfall site are a crude sulphate turpentine
refinery and a crude tall oil (CTO) refinery
that Kraton owns in Panama City, Florida. Tall
oil is a feedstock fatty acids, renewable
diesel and sustainable aviation fuel (SAF).
Kraton has not returned requests for comment in
regard to its preparations for Helene.
Since Helene made landfall, it has weakened
into a tropical storm, with maximum sustained
wind speeds of 45 miles/hour (75 km/hour),
according to the National Hurricane Center.
The following map shows its projected path.
Source: National
Hurricane Center
PORT CLOSURESInbound and
outbound traffic at Port Tampa Bay ceased ahead
of the storm, and the port’s shipping channels
were closed.
Tampa is an important hub for the US fertilizer
industry, hosting corporate offices, trading,
product storage, shipping and other logistical
operations.
Other port closures include Panama City, St
Joe, St Petersburg, Manatee and Key West on
Florida’s west coast, as well as Fernandina,
Jacksonville and Canaveral on Florida’s east
coast.
ENERGY DISRUPTIONS
The following table shows the disruptions to US
Gulf production that were caused by Helene,
according to the Bureau of Safety and
Environmental Enforcement (BSEE).
Total
% of US Gulf
Oil, bbl/day
441,923
25.25%
Gas, million cubic feet/day
363.39
19.81%
Source: BSEE
Total
% of US Gulf
Platforms evacuated
27
7.28%
Rigs evacuated
1
20%
Source: BSEE
The Gulf of Mexico accounts for 14% of US
production of crude oil and 5% of total dry gas
production, according
to the Energy Information Administration
(EIA).
RAIL DISRUPTIONS
Railroad company CSX planned to
close its TRANSFLO terminals in Tampa and Tampa
Port on Thursday.
Railroad company Norfolk Southern said that
customers with shipments moving through the
southeast and mid-Atlantic should prepare for
delays.
RECONSTRUCTION AND CHEM
DEMANDHurricane Helene’s current
path could put $5.64 billion worth of housing
at risk to storm surge flooding, an insurance
data company said on Wednesday.
Nearly 25,000 residential properties in the
Tallahassee and Homosassa Springs metropolitan
areas are at risk, said CoreLogic.
“Helene has the potential to become a
once-in-a-generation storm,” said Jon Porter,
chief meteorologist for the meteorology firm
AccuWeather. It estimates that most of Florida
and much of the southeastern US will be exposed
to winds reaching 40-60 miles/hour.
AccuWeather expects that most of Florida and
all of the states of Georgia, South Carolina
and North Carolina are at risk for tornados.
For hurricanes in general, reconstruction can
translate to increased demand for many
chemicals and polymers.
The white pigment titanium dioxide (TiO2) is
used in paints.
Solvents used in paints and coatings include
butyl acetate (butac), butyl acrylate
(butyl-A), ethyl acetate (etac), glycol ethers,
methyl ethyl ketone (MEK) and isopropanol
(IPA).
Blends of aliphatic and aromatic solvents are
also used to make paints and coatings.
For polymers, expandable polystyrene (EPS) and
polyurethane (PU) foam are used in insulation.
Polyurethanes are made of methylene diphenyl
diisocyanate (MDI), toluene diisocyanate (TDI)
and polyols.
High density polyethylene (HDPE) is used in
pipe. Polyvinyl chloride (PVC) is used to make
cladding, window frames, wires and cables,
flooring and roofing membranes.
Unsaturated polyester resins (UPR) are used to
make coatings and composites.
Vinyl acetate monomer (VAM) is used to make
paints and adhesives.
Thumbnail shows Helene before it made
landfall. Image by National Hurricane
Center.
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Recycled Polyethylene Terephthalate27-Sep-2024
LONDON (ICIS)–Senior Editor for Recycling,
Matt Tudball, discusses the latest developments
in the European recycled polyethylene
terephthalate (R-PET) market, including:
October price talks underway, but some
different views emerging
Flake and food-grade pellet demand still
flat ahead of October
Market divided over views for Q4 and Q1
demand
Crude Oil27-Sep-2024
LONDON (ICIS)–The economic outlook in the EU
and eurozone was stable in September, as higher
construction and consumer confidence was offset
by a decrease in industry.
The European Commission’s Economic Sentiment
Indicator (ESI) was flat in the EU at 96.7
points and fell by 0.3 points in the eurozone
to 96.2, according to official data on Friday.
“The steadiness of the ESI in the EU resulted
from improved confidence in construction and
among consumers, offset by a decrease in
industry confidence. Confidence in services and
retail trade remained broadly stable,” the
Commission said in a statement.
For the largest EU economies, the ESI worsened
in France (-1.4) and Germany (-1.2), while it
improved in Poland (+2.0), Spain (+1.9), Italy
(+1.2) and the Netherlands (+0.5).
Employment prospects for September were also
broadly unchanged, with the Commission’s
Employment Expectations Indicator (EEI) up 0.3
points to 100.0 in the EU and higher by 0.1
points to 99.5 in the eurozone.
Ethylene27-Sep-2024
HOUSTON (ICIS)–Hurricane Helene made landfall
Thursday night as a Category 4 storm in the
northwestern part of the US state of Florida.
The storm made landfall in the Big Bend region
just east of the mouth of the Aucilla River,
according to the National Hurricane Center at
23:20 Eastern time (3:20 GMT Friday). Maximum
sustained winds were around 140 miles/hour.
Helene was moving north-northeast, with a
hurricane warning in effect for Anclote River
to Mexico Beach.
Big Bend is a sparsely populated region of
Florida.
However, a storm surge warning includes Tampa
Bay, an important hub for the US fertilizer
industry.
Nearly 1 million customers in Florida were
without power, according to tracker
PowerOutage.us.
PORT CLOSURESInbound and
outbound traffic to Port Tampa Bay ceased ahead
of the storm, and the port’s shipping channels
were closed.
Port Tampa Bay is an energy products gateway
for oil and gas, jet fuel and petroleum
products, as well as fertilizers. It is also a
gateway for construction and building
materials.
Other port closures include Panama City, St
Joe, St Petersburg, Manatee and Key West on
Florida’s west coast, as well as Fernandina,
Jacksonville and Canaveral on Florida’s east
coast.
RAIL DISRUPTIONS
Railroad company CSX planned to close its
TRANSFLO terminals in Tampa and Tampa Port on
Thursday.
Railroad company Norfolk Southern said that
customers with shipments moving through the
southeast and mid-Atlantic should prepare for
delays.
RECONSTRUCTION AND CHEM
DEMANDHurricane Helene’s current
path could
put $5.64 billion worth of housing at risk
to storm surge flooding, insurance data company
CoreLogic said on Wednesday.
Reconstruction following hurricanes can
increase demand for many chemicals and
polymers.
Additional reporting by Al Greenwood
Potassium Sulphate (SOP)26-Sep-2024
HOUSTON (ICIS)–Australian BCI Minerals
announced it has commenced operations at its
Mardie salt and potash project after receiving
all necessary Western Australian and
Commonwealth government environmental
approvals.
It has begun filling evaporation ponds 1, 2,
and 3 with BCI Minerals set to update and
resubmit its groundwater monitoring and
management plan (GMMP) for further approval
before filling evaporations ponds 4 through 9.
Construction of the salt-first component of the
project is over halfway completed with it
expected the company will achieve first salt on
ship in Q2 2027.
Located 80km south of Karratha, in the Pilbara
region, Mardie is anticipated to produce 5.35
million tonnes/year of high-quality industrial
salt for export and 140,000 tonnes/year of
sulphate of potash (SOP). It has an operating
life expected to exceed 60 years.
“Australia hasn’t developed a salt project of
this significance in 25 years, and the Mardie
Project will be Australia’s largest solar salt
project and the third largest globally,” said
David Boshoff, BCI Minerals managing director.
“With the projected growth in demand for high
grade industrial salt in our target Asian
markets, BCI Minerals is strongly positioned to
supply global markets with Mardie salt for
generations.”
Ammonia26-Sep-2024
HOUSTON (ICIS)–A quarter of US oil production
in the Gulf of Mexico remains shut in as Helene
becomes close to becoming a major hurricane.
The following table shows the disruptions to US
Gulf production that were caused by Helene,
according to the Bureau of Safety and
Environmental Enforcement (BSEE).
Total
% of US Gulf
Oil, bbl/day
441,923
25.25%
Gas, million cubic feet/day
363.39
19.81%
Source: BSEE
Total
% of US Gulf
Platforms evacuated
27
7.28%
Rigs evacuated
1
20%
Source: BSEE
Hurricane Helene has maximum sustained wind
speeds of nearly 110 miles/hour (175 km/hour),
which is 1 mile/hour below becoming a major
hurricane.
It is on track to make landfall in the Big
Bend, a sparsely populated region of
northwestern Florida.
The following map shows the forecasted path of
Helene.
Source: National Hurricane Center
FLORIDA CHEMS AT
RISKHelene could threaten Panama
City, Florida, where Kraton operates a crude
sulphate turpentine refinery and a crude tall
oil (CTO) refinery.
Tall oil is a feedstock for the production of
fatty acids, renewable diesel and sustainable
aviation fuel (SAF).
Helene’s path is too far east to threaten
Pensacola, which is home to some nylon and
thermoset resin plants.
Helene is moving on the opposite side of Texas
and Louisiana in the Gulf of Mexico. Those two
states are home to most of the refineries,
petrochemical plants and LNG capacity of the
US. Operations at those plants will not be
threatened by Helene.
Helene will not make landfall near Tampa Bay,
an important hub for the US fertilizer
industry. Tampa hosts corporate offices,
trading, product storage, shipping and other
logistical operations.
Nonetheless, Helene will disrupt operations at
the port of Tampa Bay.
PORTS CLOSED TO TRAFFIC ALONG EASTERN
GULF COASTInbound and outbound
traffic has ceased among numerous ports along
Florida’s Gulf Coast, including Port Tampa Bay,
an important entrepot.
Tampa is in the region that could see a peak
storm surge of 5-8 feet (1.5-2.4 meters), as
shown in the following map.
Source: National Hurricane Center
The following table shows some of the other
ports in Florida that are closed.
Panama City, Florida
Port St Joe, Florida
St Petersburg, Florida
Manatee, Florida
Source: US Coast Guard
The following ports are open with restrictions.
Pensacola, Florida
Mobile, Alabama
Source: US Coast Guard
RAIL DISRUPTIONS
Railroad company CSX plans to close its
TRANSFLO terminals in Tampa and Tampa Port on
Thursday.
Railroad company Norfolk Southern said that
customers with shipments moving through the
southeast and mid-Atlantic should prepare for
delays.
RECONSTRUCTION AND CHEM
DEMANDHurricane Helene’s current
path could put $5.64 billion worth of housing
at risk to storm surge flooding, an insurance
data company said on Wednesday.
Nearly 25,000 residential properties in the
Tallahassee and Homosassa Springs metropolitan
areas are at risk, said CoreLogic.
“Helene has the potential to become a
once-in-a-generation storm,” said Jon Porter,
chief meteorologist for the meteorology firm
AccuWeather. It estimates that most of Florida
and much of the southeastern US will be exposed
to winds reaching 40-60 miles/hour.
AccuWeather expects that most of Florida and
all of the states of Georgia, South Carolina
and North Carolina are at risk for tornados.
For hurricanes in general, reconstruction can
translate to increased demand for many
chemicals and polymers.
The white pigment titanium dioxide (TiO2) is
used in paints.
Solvents used in paints and coatings include
butyl acetate (butac), butyl acrylate
(butyl-A), ethyl acetate (etac), glycol ethers,
methyl ethyl ketone (MEK) and isopropanol
(IPA).
Blends of aliphatic and aromatic solvents are
also used to make paints and coatings.
For polymers, expandable polystyrene (EPS) and
polyurethane (PU) foam are used in insulation.
Polyurethanes are made of methylene diphenyl
diisocyanate (MDI), toluene diisocyanate (TDI)
and polyols.
High density polyethylene (HDPE) is used in
pipe. Polyvinyl chloride (PVC) is used to make
cladding, window frames, wires and cables,
flooring and roofing membranes.
Unsaturated polyester resins (UPR) are used to
make coatings and composites.
Vinyl acetate monomer (VAM) is used to make
paints and adhesives.
Thumbnail photo: Helene. (By the National
Hurricane Center)
(adds missing world “Gulf” in headline)
Potassium Chloride (MOP)25-Sep-2024
HOUSTON (ICIS)–Canadian fertilizer developer
Karnalyte Resources announced it will begin a
review of its development strategy to evaluate
the economic potential of increasing magnesium
chloride production at their Wynyard project in
Saskatchewan.
This effort will be undertaken by developing
the magnesium assets at the same time as the
development of the potash project.
The company said the carnallite, also known as
hydrated potassium magnesium chloride, is
abundant within their mineral deposit so they
need to determine the economic balance of
developing carnallite for the co-production of
magnesium chloride and potassium chloride.
The aim is to significantly increase magnesium
chloride production through the application of
advanced solution mining technologies.
The Government of Canada lists magnesium as one
of the nation’s 34 critical minerals and it
also appears on the lists in other countries
including the US, the EU and Australia.
Magnesium is a key mineral in the clean
technologies and advanced manufacturing value
chain while magnesium chloride serves as a key
raw material in the production of various
chemicals used in high-tech applications such
as semiconductor manufacturing and in
industries including agriculture and
pharmaceuticals.
“In light of the increasing importance of
magnesium as one of the building blocks for the
green and digital economy, we are reevaluating
our strategy and we believe we should review
the inclusion of concurrent and optimized
magnesium and potash deposit development in our
plans for the benefit of all stakeholders,”
said Danielle Favreau, Karnalyte Resources CEO.
The company said it plans to make progress on
its technical report through the remainder of
the year, which is a key precursor to any mine
construction.
It expects to complete the study on the review
of its development strategy by the first
quarter of 2025.
Wynyard is one of two projects Karnalyte
Resources is advancing with planned phase 1
production calculated at 625,000 tonnes/year of
high-grade granular potash with two subsequent
phases of 750,000 tonnes/year from each phase.
The company noted that all environmental
permits remain valid with preliminary detailed
engineering complete and that the existing
offtake agreement with Gujarat State
Fertilizers & Chemicals Limited remains in
effect.
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