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Texas chemical fire that forced evacuations burns for third day

December 02/2019

MOSCOW (MRC) -- The fire at a petrochemical plant that prompted thousands of people to flee from four Texas communities burned for a third day on Friday with officials huddling as investigations were launched, reported Reuters.

The fiery blast at a TPC Group facility on Port Neches, Texas, on Wednesday injured three workers, blew locked doors off their hinges and was felt in communities far from the site. The plant makes chemicals used in production of synthetic rubber, resins and an octane-boosting component of gasoline.

Firefighting crews continued to battle the blaze on Friday, according to TPC, and local mayors, fire officials were called to a meeting with the region's top executive. Federal and state investigators were searching for the cause of the blaze and a Texas pollution regulator criticized the spate of such fires.

About 60,000 residents in four communities near the site were ordered to leave their homes Wednesday afternoon when a major, secondary blast prompted fears of flames reaching large storage tanks of the petrochemicals.

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.


mrcplast.com
Author:Margaret Volkova
Tags:PS, ABS, butadien, TPC Group, Russia, USA.
Category:General News
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