Market News


Major refineries are shutting down in the wake of Harvey flooding

By Matt Rosoff, CNBC | August 27, 2017

Oil refineries are shutting down in the wake of rainfall and flooding from Hurricane Harvey.

The damage could mean a loss of more than 1 million barrels per day in refining capacity just in the Houston and Galveston, Texas, areas — that's not including hundreds of thousands of more barrels in the Corpus Christi, Texas, area.

Shell has shut down its massive Deer Park refinery in southeastern Houston, among the largest in the United States with a crude oil capacity of 340,000 barrels per day.

 

The company said in a statement obtained by CNBC, "On Sunday, August 27, 2017, we made the decision to initiate a controlled shut down of the Deer Park, Texas, refinery and chemical plant as a result of heavy rainfall and associated nearby flooding from Hurricane Harvey. Only essential personnel will stay on site through the end of the week." Read the full story here.



Understanding HAZCOM 2012

August 24, 2015

Understanding OSHA’s new Hazard Communication Standard (HCS) 2012 system has proven to be confusing and overwhelming to many chemical manufacturers and distributors. Over the next several weeks, our friends at Focus Systems will be posting a series of blogs designed to help explain HCS 2012 to those who are affected by it most.

Here we are, nearly three months past the new HCS 2012 deadline for manufactures to provide compliant SDSs and labels –whew! Now it’s the distributors turn to make sure they meet the December 1, 2015 deadline for compliance. So here’s the big question: Is your company a manufacturer or a distributor? On July 20, 2015 OSHA released a Comprehensive Enforcement Directive for Inspectors (CPL 02-02-079). This OSHA directive “clarifies” OSHA’s interpretation of the various supply chain partners and deadline requirements. Read more...


ACC to Congress: It's Time to Update TSCA, Pass the Chemical Safety Improvement Act (CSIA)

Historic Compromise Legislation Will Give Consumers More Confidence in Safety of Chemicals While Promoting Innovation, Economic Growth, American Jobs

March 14, 2014 | By Scott Jensen with the American Chemical Council

WASHINGTON (November 13, 2013) – American Chemistry Council President and CEO Cal Dooley today testified before the House Energy and Commerce Subcommittee on Environment and the Economy to encourage Congress to take up legislation to update the Toxic Substances Control Act (TSCA), the law overseeing our nation’s chemical regulatory system.

Wednesday’s hearing examined Senate Bill S.1009, the Chemical Safety Improvement Act (CSIA), historic compromise legislation that will help ensure chemicals can be used safely in the United States while maintaining the country’s competitive advantage. The bill has garnered support from a historic bipartisan coalition of 25 Democrats and Republicans in the Senate, environmental advocates, national and state organized labor, former senior EPA officials from both parties, small family-owned manufacturers across the United States (whose stories you can see here) and nearly 100 industry associations representing businesses of all sizes. Read more...


Bloomberg Businessweek

Global Economics

by Jack Kaskey

Ships sailing north from Chile are bringing an unusual cargo to the U.S.: chemical factories. Methanex (MEOH), the Canadian company that’s the world’s largest producer of methanol, is spending $1.1 billion to disassemble two of its Chilean factories and rebuild them in Geismar, La. The first plant is scheduled to open next year. A second will be relocated by early 2016.

Scores of other companies including ExxonMobil (XOM)Chevron (CVX), andSasol (SSL) plan to spend about $100 billion to build or expand chemical plants in the U.S., according to a tally kept by Dow Chemical (DOW), the biggest U.S. chemical maker by sales. Dow is spending $4 billion to build factories in Freeport, Tex., and reopen a plant in Hahnville, La., creating 500 manufacturing and 5,000 construction jobs. Five years ago the company was closing U.S. plants and moving production to the Middle East to gain access to cheaper raw materials and be closer to Asian markets. Read more...

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