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Major blast hits TPC Port Neches butadiene plant in Texas

November 27/2019

MOSCOW (MRC) -- A major explosion and fire hit the TPC Group's Port Neches petrochemical plant east of Houston, Texas, early Wednesday, reported S&P Global with reference to local media reports.

Video footage of a large fireball exploding has been posted on social media and local firefighters have evacuated an area around the plant, according to the Nederland Volunteer Fire Department.

The company was not immediately available for comment.

Located adjacent to the Sabine Neches River, the Port Neches plant can produce more than 900 million pounds (408,233 mt) of butadiene and raffinate a year, according to the company's website.

Raffinate is a chemical building block used in the manufacture of MTBE and diisobutylene. Butadiene is a raw material used in the production of a wide variety of synthetic rubbers and polymer resins.

The infrastructure at the 218-acre Texas site includes include pipelines, barges, rail and tank cars.

Butadiene is one of the feedstocks for the production of acrylonitrile-butadiene-styrene (ABS).

According to ICIS-MRC Price report, in Asia, the falling prices of feedstocks for ABS production have been pushing prices of material down in the Russian market. LG Chem's import prices for November quantities were as follows for Russian buyers: natural ABS - at USD1,400-1,420/tonne FOB Korea, black ABS - at USD1,610-1,630/tonne FOB Korea, white ABS - at USD1,640-1,660/tonne FOB Korea. December prices may drop by another USD30-50/tonn.
Natural grades of Korean ABS went down to Rb138,000-143,000/tonne CPT Moscow, including VAT, in the domestic market in mid-November, whereas black ABS was offered at Rb156,000-160,000/tonne and white ABS - at Rb158,000-163,000/tonne CPT Moscow , including VAT.

Headquartered in Houston, TPC was acquired in 2012 by private equity groups First Reserve and SK Capital.
Author:Margaret Volkova
Tags:PS, ABS, butadien, LG Chem, TPC Group, Russia, USA, South Korea.
Category:General News
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