The big freeze: Dow, Formosa and others still contending with fallout


Dow Chemical, Formosa Plastics, Lotte Chemical, Shell and Sasol are among the petrochemical producers in Louisiana still contending with the impact of freezing temperatures in mid-February.

S&P Global Platts reports Gulf Coast petrochemical producers were expected to announcements of restarts are expected to emerge piecemeal the week of March 8 and beyond. Shutdowns are widespread and efforts continue to assess damage from sustained sub-freezing temperatures in the week of Feb. 15 could be lengthy, S&P notes. Producers were expected to assess downstream units as well before restarting crackers to gauge whether repairs were needed before they could receive feedstock.

S&P has the full story and a list of force majeures, shutdowns and restarts.