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Kuraray outline status of sites impacted by US deep freeze

March 15/2021

MOSCOW (MRC) -- Kuraray says that its certain production sites at Texas have been suspended since mid-February because of the big freeze in the United States. The company says that its affected sites at La Porte, Bayport, and Pasadena are in preparation for the resumption of operations and are presently undergoing inspection, according to Chemweek.

Kuraray has temporarily stopped the production of vinyl acetate monomer (VAM) and poval resin at La Porte; poval resin at Bayport; and ethylene vinyl alcohol copolymer (EVOH) and thermoplastic elastomer (TPE) at Pasadena.

The company says that it is evaluating the financial impact of the closure of the sites. Kuraray will announce the findings if the financial impact is found to have been significant, it adds.

According to the data by IHS Markit, Kuraray at La Porte produces VAM with a production capacity of 330,000 metric tons/year; EVOH, Pasadena 58,000 metric tons/year; and TPE, Pasadena 25,000 metric tons/year.

The company in February increased the price of its Eval brand EVOH resin.

As MRC reported earlier, in October 2019, Kuraray took off-stream its VAM production in Okayama, Japan) for a scheduled maintenance. This production with a capacity of 160,000 mt/year was shut for about one month.

VAM is the main feedstock for the production of ethylene-vynil-acetate (EVA).

According to MRC's DataScope report, January EVA imports to Russia rose only by 0,07% year on year to 3,084 tonnes from 3,087 tonnes a year earlier, and overall imports of this grade of ethylene copolymer into the Russian Federation dropped in January-December 2020 by 3,41% year on year to 38,170 tonnes (39,520 tonnes in 2019).
Author:Margaret Volkova
Tags:vinilacetat, EVA, copolymer, petrochemistry, Kuraray, Russia, USA, Japan.
Category:General News
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