Epoxy

September 11, 2021

Another Acquisition for Polytek

Arsenal’s Polytek Acquires Specialty Resin & Chemical
Easton, PA & Dowagiac, MI – September 7, 2021 – Polytek® Development Corp. (“Polytek”), a manufacturer of specialty polymers for coating, mold making, and casting applications, announced today the acquisition of Specialty Resin & Chemical. Polytek is a portfolio company of Arsenal Capital Partners.   Founded in 2007 and located in Dowagiac, MI, Specialty Resin & Chemical is a supplier of user-friendly mold making, casting, and coating products, including bar top epoxy resin and polyurethane resin. They fit in well alongside Polytek’s existing consumer brands because of their strong focus on customer service and dedication to providing products specifically designed for hobby and art communities.   Doug Lorenz, CEO of Polytek, commented “With years of experience and a broad and diverse product line, Specialty Resin is well positioned to serve do-it-yourselfers, hobbyists, and small businesses. They have created a name for themselves among these communities and we are very excited to help them build and grow upon the great success they have already achieved.”    Daniel Wilson, owner of Specialty Resin & Chemical, will remain in an active role within the Specialty Resin & Chemical brand, and the two companies will continue to do business under their existing names. Daniel commented, “Our goals align very closely with Polytek’s mission, and we are eager to join their team. We look forward to continuing to support our customers while developing new product options for them.” Genesis Capital, LLC acted as the financial advisor to Polytek.

About Polytek® Development Corp. Founded in 1984, Polytek® Development Corp. is headquartered in Easton, PA with operations in Pomona, CA, Galesburg, MI, Franklin, IN, Grants Pass, OR, and South St. Paul, MN. Polytek is a leading manufacturer of specialty polymers including polyurethane elastomers and casting resins, silicone, epoxies, latex, thermoplastic elastomers, and board materials. These systems are used primarily in mold making, casting, and coating applications in industrial and consumer sectors, including construction and restoration, arts and crafts, DIY, product design and manufacturing, entertainment, and education. Polytek® brands include Raw Material Suppliers, Alumilite, BCC Products, Environmental Technology, Inc., Pro Marine Supplies, Stone Coat Countertops, Incredible Solutions, Custom Polymer Designs and MAS Epoxies. www.polytek.com

About Specialty Resin & Chemical Specialty Resin & Chemical supplies high-quality mold making, casting, and coating solutions to hobbyists, small businesses, and the DIY community. Product lines include epoxy resin, polyurethane resin and rubber, silicone rubber and related accessories. www.specialtyresin.com

About Arsenal Capital Partners Arsenal is a leading private equity firm that specializes in investments in middle-market industrial growth and healthcare companies. Since its inception in 2000, Arsenal has raised institutional equity investment funds of $5.3 billion, has completed more than 200 platform and add-on investments, and achieved more than 30 realizations. Arsenal invests in industry sectors in which the firm has significant prior knowledge and experience. The firm works with management teams to build strategically important companies with leading market positions, high growth, and high value-add. Visit www.arsenalcapital.com.

September 11, 2021

Another Acquisition for Polytek

Arsenal’s Polytek Acquires Specialty Resin & Chemical
Easton, PA & Dowagiac, MI – September 7, 2021 – Polytek® Development Corp. (“Polytek”), a manufacturer of specialty polymers for coating, mold making, and casting applications, announced today the acquisition of Specialty Resin & Chemical. Polytek is a portfolio company of Arsenal Capital Partners.   Founded in 2007 and located in Dowagiac, MI, Specialty Resin & Chemical is a supplier of user-friendly mold making, casting, and coating products, including bar top epoxy resin and polyurethane resin. They fit in well alongside Polytek’s existing consumer brands because of their strong focus on customer service and dedication to providing products specifically designed for hobby and art communities.   Doug Lorenz, CEO of Polytek, commented “With years of experience and a broad and diverse product line, Specialty Resin is well positioned to serve do-it-yourselfers, hobbyists, and small businesses. They have created a name for themselves among these communities and we are very excited to help them build and grow upon the great success they have already achieved.”    Daniel Wilson, owner of Specialty Resin & Chemical, will remain in an active role within the Specialty Resin & Chemical brand, and the two companies will continue to do business under their existing names. Daniel commented, “Our goals align very closely with Polytek’s mission, and we are eager to join their team. We look forward to continuing to support our customers while developing new product options for them.” Genesis Capital, LLC acted as the financial advisor to Polytek.

About Polytek® Development Corp. Founded in 1984, Polytek® Development Corp. is headquartered in Easton, PA with operations in Pomona, CA, Galesburg, MI, Franklin, IN, Grants Pass, OR, and South St. Paul, MN. Polytek is a leading manufacturer of specialty polymers including polyurethane elastomers and casting resins, silicone, epoxies, latex, thermoplastic elastomers, and board materials. These systems are used primarily in mold making, casting, and coating applications in industrial and consumer sectors, including construction and restoration, arts and crafts, DIY, product design and manufacturing, entertainment, and education. Polytek® brands include Raw Material Suppliers, Alumilite, BCC Products, Environmental Technology, Inc., Pro Marine Supplies, Stone Coat Countertops, Incredible Solutions, Custom Polymer Designs and MAS Epoxies. www.polytek.com

About Specialty Resin & Chemical Specialty Resin & Chemical supplies high-quality mold making, casting, and coating solutions to hobbyists, small businesses, and the DIY community. Product lines include epoxy resin, polyurethane resin and rubber, silicone rubber and related accessories. www.specialtyresin.com

About Arsenal Capital Partners Arsenal is a leading private equity firm that specializes in investments in middle-market industrial growth and healthcare companies. Since its inception in 2000, Arsenal has raised institutional equity investment funds of $5.3 billion, has completed more than 200 platform and add-on investments, and achieved more than 30 realizations. Arsenal invests in industry sectors in which the firm has significant prior knowledge and experience. The firm works with management teams to build strategically important companies with leading market positions, high growth, and high value-add. Visit www.arsenalcapital.com.

September 11, 2021

Coatings Overview Post Ida

Sherwin-Williams, PPG profit warnings highlight raw material challenges, Ida impact on coatings

Author: Joseph Chang

2021/09/08

NEW YORK (ICIS)–Earnings warnings from US-based coatings companies Sherwin-Williams and PPG are shining a brighter spotlight on raw material cost inflation and supply chain challenges, especially following the impact of Hurricane Ida.

Any hope for a return to normal seasonality by Q4 2021 in many product chains has been dashed by the additional supply constraints as companies struggle to start up plants.

“All we’ve seen since winter storm Uri [in mid-February] was a scramble to rebuild inventories, and the consensus was that would be complete in the third or fourth quarter. Well, this is another hit, so it’s probably going to be into 2022 before things begin to return to normal,” said Kevin Swift, chief economist at the American Chemistry Council (ACC) on an ICIS podcast.

COATINGS AND SPECIALTIES TAKE HIT
This will hit coatings and other specialty chemicals companies harder, as they source many different raw materials for the products they formulate and sell versus commodity chemicals companies, which rely on a few select feedstocks.

“Although it has yet to be fully quantified, we think Hurricane Ida likely made a difficult supply situation worse – there appears little slack in the petrochemical supply chain,” said Laurence Alexander, analyst at Jefferies, after the PPG announcement.

“We think companies such as Avient, Axalta, BASF, DuPont, 3M, Quaker Chemical, Sherwin-Williams, Trinseo and Valvoline will also likely be constrained by similar supply chain issues,” he added.

On the coatings raw materials side, as of 8 September, 58% of methylene diphenyl diisocyanate (MDI), 35% of isopropanol (IPA), 23% of n-butanol (NBA) and 23% of glycol ethers capacity in the US remained offline in the wake of Ida, according to the ICIS Live Disruptions Tracker.

Butanediol (BDO), which is used to make polyurethane surface coatings, among many other products, also has 57% of US capacity offline.

Less impacted is key coatings raw material acrylic acid with 9% of capacity offline, and titanium dioxide (TiO2) which was not directly impacted by Ida.

US plant status relevant to coatings as of 8 Sep
CompanySiteProductsStatusForce Majeure
BASFGeismar, LouisianaBDO, EO, isocyanates, polyolsExpected Restart
BASFGeismar, LouisianaBDOExpected RestartDeclares FM
BASFGeismar, LouisianaIsocyanates, polyolsExpected RestartDeclares FM
DowPlaquemine, LouisianaEthylene, propylene, benzene, toluene, EO, glycol ethers, PE, PG, POExpected Restart
DowTaft, LouisianaEthylene, propylene, acetic acid, acrylic acid, acrylates, ethanolamines, EO, glycol ethers, LLDPE, oxo-alcoholsShutdown
ExxonMobilBaton Rouge, LouisianaEthylene, propylene, BD, benzene, toluene, IPA, PA, plasticizers, PE, PP, base oilsRestart
RubiconGeismar, LouisianaMDI, polyether polyols, aniline, nitrobenzeneShutdown
ShellGeismar, LouisianaEO, EG, glycol ethers, linear alcohols, linear olefinsShutdown

While raw material supply constraints from Ida will limit coatings production, demand is unlikely to wane and may even accelerate in the short term on rebuilding efforts following the storm, which not only hit Louisiana, but caused damage all along its path to the northeast US.

Weather forecasting service AccuWeather estimates $95bn in damage and economic loss from Ida, just under the $105bn-115bn in damage from Hurricane Rita in 2005. It would be the seventh costliest hurricane in terms of economic impact.

SHERWIN-WILLIAMS WARNING
Sherwin-Williams, the world’s largest coatings company with over $18bn in 2020 sales, on 8 September lowered Q3 sales guidance to be up or down by a low-single digit percentage over the year-ago period, versus prior guidance of up by a mid-to-high single-digit percentage.

Sherwin-Williams CEO John Morikis cited “persistent and industry-wide raw material availability issues” not improving as anticipated, hindering the company’s ability to fully meet strong demand across professional architectural and industrial coatings.

The company expects raw material availability, including from the impact of Ida, to negatively impact Q3 sales in the high-single digit percentage range. This compares with prior guidance of less than the 3.5% negative impact experienced in Q2.

“At the same time, our total cost basket, including raw materials, transportation and labour, continues to move upward,” said Morikis.

In response, the company announced a surcharge of 4% in its Americas Group, effective 20 September through year end, on top of significant pricing actions already taken.

For those watching inflation gauges, the commodity chemicals price increases from Ida will clearly flow through all the way to specialties and end products.

PPG CITES WORSENING SUPPLY DISRUPTIONS
PPG on 7 September announced it expects Q3 sales will be $225m-275m lower versus expectations at the start of Q3, citing increasing disruptions in commodity supplies, reductions in customer production due to shortages of parts such as semiconductors (impacting auto, appliances) and continuing logistics challenges worldwide.

On top of that, raw material inflation is trending higher than previously expected on the order of $60m-70m. Ida could bring additional supply chain effects, it noted.

PPG is also implementing price increases to offset elevated raw material costs and is seeking further hikes. It sees overall price increases of around 5% in Q3. The company also withdrew earnings guidance for Q3 and Q4.

Jefferies analyst Alexander slashed his 2021 earnings per share (EPS) estimate on PPG from $8.50 to $6.70 but pointed out that “with underlying fundamental demand trends likely intact and price increases underway, we expect a sharp recovery in earnings power in 2022”.

Insight article by Joseph Chang

https://www.icis.com/explore/resources/news/2021/09/08/10682994/insight-sherwin-williams-ppg-profit-warnings-highlight-raw-material-challenges-ida-impact-on-coatings

September 11, 2021

Coatings Overview Post Ida

Sherwin-Williams, PPG profit warnings highlight raw material challenges, Ida impact on coatings

Author: Joseph Chang

2021/09/08

NEW YORK (ICIS)–Earnings warnings from US-based coatings companies Sherwin-Williams and PPG are shining a brighter spotlight on raw material cost inflation and supply chain challenges, especially following the impact of Hurricane Ida.

Any hope for a return to normal seasonality by Q4 2021 in many product chains has been dashed by the additional supply constraints as companies struggle to start up plants.

“All we’ve seen since winter storm Uri [in mid-February] was a scramble to rebuild inventories, and the consensus was that would be complete in the third or fourth quarter. Well, this is another hit, so it’s probably going to be into 2022 before things begin to return to normal,” said Kevin Swift, chief economist at the American Chemistry Council (ACC) on an ICIS podcast.

COATINGS AND SPECIALTIES TAKE HIT
This will hit coatings and other specialty chemicals companies harder, as they source many different raw materials for the products they formulate and sell versus commodity chemicals companies, which rely on a few select feedstocks.

“Although it has yet to be fully quantified, we think Hurricane Ida likely made a difficult supply situation worse – there appears little slack in the petrochemical supply chain,” said Laurence Alexander, analyst at Jefferies, after the PPG announcement.

“We think companies such as Avient, Axalta, BASF, DuPont, 3M, Quaker Chemical, Sherwin-Williams, Trinseo and Valvoline will also likely be constrained by similar supply chain issues,” he added.

On the coatings raw materials side, as of 8 September, 58% of methylene diphenyl diisocyanate (MDI), 35% of isopropanol (IPA), 23% of n-butanol (NBA) and 23% of glycol ethers capacity in the US remained offline in the wake of Ida, according to the ICIS Live Disruptions Tracker.

Butanediol (BDO), which is used to make polyurethane surface coatings, among many other products, also has 57% of US capacity offline.

Less impacted is key coatings raw material acrylic acid with 9% of capacity offline, and titanium dioxide (TiO2) which was not directly impacted by Ida.

US plant status relevant to coatings as of 8 Sep
CompanySiteProductsStatusForce Majeure
BASFGeismar, LouisianaBDO, EO, isocyanates, polyolsExpected Restart
BASFGeismar, LouisianaBDOExpected RestartDeclares FM
BASFGeismar, LouisianaIsocyanates, polyolsExpected RestartDeclares FM
DowPlaquemine, LouisianaEthylene, propylene, benzene, toluene, EO, glycol ethers, PE, PG, POExpected Restart
DowTaft, LouisianaEthylene, propylene, acetic acid, acrylic acid, acrylates, ethanolamines, EO, glycol ethers, LLDPE, oxo-alcoholsShutdown
ExxonMobilBaton Rouge, LouisianaEthylene, propylene, BD, benzene, toluene, IPA, PA, plasticizers, PE, PP, base oilsRestart
RubiconGeismar, LouisianaMDI, polyether polyols, aniline, nitrobenzeneShutdown
ShellGeismar, LouisianaEO, EG, glycol ethers, linear alcohols, linear olefinsShutdown

While raw material supply constraints from Ida will limit coatings production, demand is unlikely to wane and may even accelerate in the short term on rebuilding efforts following the storm, which not only hit Louisiana, but caused damage all along its path to the northeast US.

Weather forecasting service AccuWeather estimates $95bn in damage and economic loss from Ida, just under the $105bn-115bn in damage from Hurricane Rita in 2005. It would be the seventh costliest hurricane in terms of economic impact.

SHERWIN-WILLIAMS WARNING
Sherwin-Williams, the world’s largest coatings company with over $18bn in 2020 sales, on 8 September lowered Q3 sales guidance to be up or down by a low-single digit percentage over the year-ago period, versus prior guidance of up by a mid-to-high single-digit percentage.

Sherwin-Williams CEO John Morikis cited “persistent and industry-wide raw material availability issues” not improving as anticipated, hindering the company’s ability to fully meet strong demand across professional architectural and industrial coatings.

The company expects raw material availability, including from the impact of Ida, to negatively impact Q3 sales in the high-single digit percentage range. This compares with prior guidance of less than the 3.5% negative impact experienced in Q2.

“At the same time, our total cost basket, including raw materials, transportation and labour, continues to move upward,” said Morikis.

In response, the company announced a surcharge of 4% in its Americas Group, effective 20 September through year end, on top of significant pricing actions already taken.

For those watching inflation gauges, the commodity chemicals price increases from Ida will clearly flow through all the way to specialties and end products.

PPG CITES WORSENING SUPPLY DISRUPTIONS
PPG on 7 September announced it expects Q3 sales will be $225m-275m lower versus expectations at the start of Q3, citing increasing disruptions in commodity supplies, reductions in customer production due to shortages of parts such as semiconductors (impacting auto, appliances) and continuing logistics challenges worldwide.

On top of that, raw material inflation is trending higher than previously expected on the order of $60m-70m. Ida could bring additional supply chain effects, it noted.

PPG is also implementing price increases to offset elevated raw material costs and is seeking further hikes. It sees overall price increases of around 5% in Q3. The company also withdrew earnings guidance for Q3 and Q4.

Jefferies analyst Alexander slashed his 2021 earnings per share (EPS) estimate on PPG from $8.50 to $6.70 but pointed out that “with underlying fundamental demand trends likely intact and price increases underway, we expect a sharp recovery in earnings power in 2022”.

Insight article by Joseph Chang

https://www.icis.com/explore/resources/news/2021/09/08/10682994/insight-sherwin-williams-ppg-profit-warnings-highlight-raw-material-challenges-ida-impact-on-coatings

September 8, 2021

IDA Update

US Gulf oil, natgas output begins to recover after Ida

Author: Janet Miranda

2021/09/07

HOUSTON (ICIS)–More than a week after Hurricane Ida made landfall, 79% of offshore oil production and nearly 78% of natural gas production in the US Gulf remains offline, according to the US Bureau of Safety and Environmental Enforcement (BSEE).

The percentage of shut in production has been reduced by 14 and 11 percentage points for offshore oil and natural gas respectively from 3 September, when 93% of oil production and 89% of natural gas production was offline in the US Gulf.

The following table shows the number of platforms and rigs evacuated, including the total of oil and natural gas that has been shut in.

Total%
Platforms evacuated7914.11
Rigs evacuated436.36
Oil shut in (bbl/day)1,443,80079.33
Gas shut in (bcf/day)1.73677.89

Source: BSEE

Key ports such as Port Fourchon in Louisiana were damaged by Ida. The port is a main site for offshore workers.

As of 4 September, the US Coast Guard is allowing conditional access to Port Fourchon waterways, including Belle Pass with restrictions for daylight operations only.

Currently, vessels in ports can manoeuvre in port waterways. Navigation through the main channel is down to one lane only.

The port will be fully reopened when channel surveys have been completed and obstructions from debris have been removed.

Shell said on Tuesday that it is beginning to deploy employees to its Auger and Enchilada/Salsa assets.

Its Perdido asset in the southwestern Gulf was never disrupted and continues to be online, along with its storage and offloading vessel, the Turritella.

At its West Delta 143 offshore facility, damage assessments continue, Shell said.

Shell has also re-staffed its Pipeline’s Ship Shoal 28 asset and are now working to finalise assessment of the platform and pipelines. A stand-up test will be conducted prior to restart of the pipeline.

Platform start up will remain dependent on the availability of downstream infrastructure including pipelines and delivery locations, the company said.

BP has conducted a visual assessment of its four Gulf of Mexico platforms, and reported no major damage, the company said on Thursday.

Production will remain shut in until further confirmation that it is safe for operations to resume.

Its onshore assets at Houma and Port Fourchon experienced the brunt of the storm’s force with damage to both facilities that will require repairs. BP will temporarily relocate its shore base and heliport to other locations.

BP’s midstream and downstream assets are in various stages of start-up and await facility inspections and power restoration.

Chevron has begun to deploy personnel to provide closer assessments of possible damage to any of its assets, the company said on Wednesday.

Fourchon terminal and Empire terminal and their related pipeline systems remain shut in, Chevron said.

PLANT STATUS
The following shows the status of the chemical plants and refineries affected by Ida.

CompanySiteProductsStatusForce Majeure
AmStySt James, LouisianaStyreneShutdown
BASFGeismar, LouisianaBDO, EO, isocyanates, polyolsShutdown
CornerstoneWaggaman, LouisianaACN, melamineShutdownDeclares FM
Cos-MarCarville, LouisianaStyrene, ethylbenzeneShutdown
DAK AmericasBay St Louis, MississippiPETShutdownDeclares FM
DowPlaquemine, LouisianaEthylene, propylene, benzene, toluene, EO, glycol ethers, PE, PG, POExpected Restart
DowTaft, LouisianaEthylene, propylene, acetic acid, acrylic acid, acrylic acid esters, ethanolamines, EO, glycol ethers, LLDPE, oxo-alcoholsShutdown
DowTaft, Louisiana2-EHAShutdownDeclares FM
Enterprise ProductsLouisiana, USPropylene, NGLsShutdown
ExxonMobilBaton Rouge, LouisianaEthylene, propylene, BD, benzene, toluene, IPA, PA, plasticizers, PE, PP, base oilsRestart
Formosa PlasticsBaton Rouge, LouisianaPVC, VCMShutdown
INEOS OxidePlaquemine, LouisianaEthanolaminesShutdownDeclares FM
Lion CopolymerGeismar, LouisianaEDPMRestart
Marathon PetroleumGaryville, LouisianaGasoline, propylene, refined productsShutdown
MethanexGeismar, LouisianaMethanolShutdown
NOVAGeismar, LouisianaEthylene, propyleneShutdownDeclares FM
OlinFreeport, TexasVCMShutdownDeclares FM
OlinPlaquemine, LouisianaCaustic soda, chlorineShutdown
OlinSt Gabriel, LouisianaCaustic soda, chlorineShutdown
OxyChemConvent, LouisianaCaustic soda, chlorineShutdownDeclares FM
OxyChemGeismar, LouisianaCaustic soda, chlorine, EDCShutdownDeclares FM
OxyChemTaft, LouisianaCaustic soda, chlorineShutdownDeclares FM
PBF EnergyChalmette, LouisianaBenzene, toluene, MX, propyleneShutdown
Phillips 66Belle Chasse, LouisianaBenzene, toluene, MX, propyleneShutdown
Pinnacle PolymersGaryville, LouisianaPPShutdownDeclares FM
RoehmFortier, LouisianaMethyl methacrylate (MMA)Shutdown
RubiconGeismar, LouisianaMDI, polyether polyols, aniline, nitrobenzeneShutdown
ShellGeismar, LouisianaEO, EG, glycol ethers, linear alcohols, linear olefinsShutdown
ShellNorco, LouisianaEthylene, propylene, BDShutdown
ShintechAddis, LouisianaPVCShutdown
ShintechFreeport, TexasPVCShutdown
ShintechPlaquemine, LouisianaCaustic soda, chlorine, EDC, PVC, VCM, ethyleneShutdown
Total EnergiesCarville, LouisianaPSShutdown
ValeroMeraux, LouisianaGasoline, refined products, propyleneShutdown
ValeroSt Charles, LouisianaGasoline, refined products, propyleneShutdown
WestlakeGeismar, LouisianaCaustic soda, chlorine, EDCShutdownDeclares FM
WestlakePlaquemine, LouisianaCaustic soda, chlorine, EDC, PVC, VCMShutdownDeclares FM
YCI Methanol OneSt James, LouisianaMethanolShutdown

POWER RESTORATION
Power has been restored to 60% of the 948,000 customers who lost service after Hurricane Ida made landfall on 29 August, regional power distributor Entergy said on Tuesday.

Of the 226 affected transmission substations, 188 have returned to service as of the afternoon of 6 September, as well as 151 of 211 affected transmission lines.

About 700 miles of transmission lines remain out of service, Entergy said.

Distribution system damage in Louisiana and Mississippi included 30,679 poles, 36,469 spans of wire and 5,959 transformers damaged or destroyed.

The number of poles damaged or destroyed is more than hurricanes Katrina, Ike, Delta and Zeta combined.

MISSISSIPPI RIVER, PORTS OPEN
The US Coast Guard open the lower Mississippi river to all vessel traffic in New Orleans and key ports throughout southeast Louisiana late on Friday.

The opening required the removal of several downed power lines that were obstructing the waterway.

The Coast Guard continues to work with its partners to reconstitute ports and waterways throughout Southeast Louisiana to pre-storm capacity in Port Fourchon, Bayou Lafourche, Houma Navigation Canal, and key points along the Gulf Intracoastal Waterway.

The Louisiana Offshore Oil Port (LOOP) has resumed receipt and delivery of crude to regional refineries.

The Loop is the nation’s only deepwater oil port for supertankers. Some 50% of the nation’s refining capacity can be supplied by LOOP, which moves 12% of the nation’s annual crude oil imports.

RAIL UPDATE
Norfolk Southern reopened its NS New Orleans intermodal facility on Monday, the rail company announced. The embargo at its Croxton and Erail facility have been lifted.

Ingates for local and interline shipments originating at or destined to its Erail facility have reopened. Local ingates originated or destined to its Croxton facility remained closed.

Outgates in its northeast facilities are currently open. Some rail lines in the north region of New Jersey have been impacted by slow orders and signal delays. Customers in the Northeast should expect 24-48 hour delays.

Union Pacific (UP) has resumed operations from St James to New Orleans, although generators remain in place for signal and gate operations until commercial power is restored, the rail company said on Friday.

Interchange with Norfolk Southern resumed on Thursday, although it was limited to daylight hours only due to the city-mandated curfew. Interchange with all other carriers in New Orleans remained embargoed.

CSX has also seen the impacts of the storm in the northeast, with disruptions in operations in portions Pennsylvania, New Jersey, and New York. Customers are advised to expect delays, it said on Thursday.

It is also continuing repair work on track and signals on the New Orleans and Mobile line.

BNSF has reopened nearly all of its main line between Lafayette, Louisiana, and New Orleans, the US railroad company said on Wednesday.

On Thursday, Kansas City Southern (KCS) announced it had resumed operations on the New Orleans subdivision.

https://www.icis.com/explore/resources/news/2021/09/07/10682546/us-gulf-oil-natgas-output-begins-to-recover-after-ida