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US emergency oil reserve site suffers "considerable" damage from Hurricane Laura

September 03/2020

MOSCOW (MRC) -- The US Energy Department said that the West Hackberry site of the Strategic Petroleum Reserve ôsustained considerable damageö from Hurricane Laura and that detailed estimates of the harm done should be out later this week, reported Reuters.

The department shut two of the four SPR sites ahead of Laura and the other site, in Big Hill, Texas is back up and fully operational, it said. The West Hackberry is without access to commercial power. ôThere is no threat to the integrity of the geologically sealed underground caverns, and no danger of contamination or concern for spills,ö a department official said.

As MRC wrote previously, most chemical production facilities in the region between Beaumont-Port Arthur, Texas, and Lake Charles, Louisiana, have shut down in preparation for Hurricane Laura, which was forecast to make landfall near the Texas-Louisiana border last Wednesday night or early Thursday. Several olefin crackers and associated derivative polymer units have been shut down, as has about 2.5 million b/d of refining capacity.

Ethylene and propylene are feedstocks for producing polyethylene (PE) and PP.

According to MRC's DataScope report, PE imports to Russia dropped in January-June 2020 by 7% year on year to 328,000 tonnes. High density polyethylene (HDPE) accounted for the main decrease in imports. At the same time, PP imports into Russia rose in the first six months of 2020 by 21% year on year to 105,300 tonnes. Propylene homopolymer (homopolymer PP) accounted for the main increase in imports.
Author:Margaret Volkova
Tags:PP, PE, crude and gaz condensate, homopolymer PP, propylene, HDPE, ethylene, petrochemistry, Russia, USA.
Category:General News
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