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Representatives visit areas impacted by major petrochemical plant fire

December 03/2019

MOSCOW (MRC) -- Officials began visiting areas impacted by a fiery blast at a TPC Group facility on Port Neches, Texas, that injured three workers, blew locked doors off their hinges and was felt in communities far from the site, said Hydrocarbonprocessing.

The plant makes chemicals used in production of synthetic rubber, resins and an octane-boosting component of gasoline. Unified Command remains focused on mitigating the event and maintaining the safety of responders and the community.

Response measures are ongoing and the fire at TPCs Port Neches Operations continues to be contained. Unified Command remains focused on mitigating the event and maintaining the safety of responders and the community.

An impacted distillation tower at TPCs Port Neches Operations fell inside the fence line as a result of the ongoing event. This was an anticipated result of the fire and response teams managed the action accordingly. No one was injured and there were no offsite impacts.

Claims activities update: Claims representatives began visiting area residents to assess any impacts as a result of the recent event at TPC Groups Port Neches Operations. Claims representatives began door-to-door visits to all homes within the area of highest impact closest to the event (zones 1, 2, 3, 4 and 5) as noted on the Impact Areas Overview Map attached.

The plant's two lines can produce a total of 426,000 tonnes/year of BD, which estimates accounts for 16.4% of US capacity and 2.7% of global capacity. TPC also stores methyl tertiary butyl ether (MTBE) at the site.

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:Anna Larionova
Tags:ABS, butadien, TRC.
Category:General News
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