Urethane Blog

Quick Hurricane Update

July 9, 2024

Dow, Texas Gulf Coast petrochemical producers begin restarting after hurricane

Jul. 09, 2024 7:35 PM ETDow Inc. (DOW) StockXOM, UNP, BRK.A, BAK, BRK.BBy: Carl Surran, SA News Editor

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Petrochemical Plant Illuminated at Dusk
Bim/E+ via Getty Images

Texas petrochemical manufacturers are assessing damage from Hurricane Beryl and in some cases are restarting idled facilities, Dow Jones reported Tuesday.

Dow Chemical (NYSE:DOW) said it kept most of its Texas assets running throughout the storm, including sites in Deer Park, Sabine, Texas City and Beaumont.

Dow’s (DOW) huge Freeport petrochem complex, located on the Texas coast ~45 miles northeast of where Beryl made landfall, maintained operations at its major assets.

The company said it has begun the restart processes at its Seadrift, Texas, site, which was shut ahead of Beryl’s arrival.

Braskem (BAK), which had idled its Oyster Creek, Texas, polypropylene plant before the storm, reportedly was in the process of restarting Tuesday afternoon.

Exxon Mobil (XOM) reportedly notified customers that all its PP lines in Texas and Louisiana remained in operation on Tuesday.

Railroads also were making progress on storm recovery efforts, as Union Pacific (UNP) said all its affected track segments except the Galveston area have been returned to service, and Berkshire’s (BRK.A) (BRK.B) BNSF said operations have resumed in the areas of its network affected by Beryl.

https://seekingalpha.com/news/4123146-dow-texas-gulf-coast-petrochemical-producers-begin-restarting-after-hurricane?mailingid=36005668&messageid=2900&serial=36005668.45125&source=email_2900