From PetroChem Wire . . . .
PetroChem Wire's Daily Wire provides closing prices and a summary of the day's trading activity for US ethylene, proylene, polymers and upstream NGLs markets. Begun in 2007, its olefins and polyolefins prices serve as benchmarks for a number of physical and swap contracts that trade on the CME/NYMEX Clearport system.
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Lightning struck Dow's Freeport TX-8 unit Thursday; rates briefly reduced
HOUSTON, December 28, 2018 (PCW) -- A 'high-intensity lightning strike' Thursday morning caused Dow's TX-8 olefins unit at Freeport, TX, to flare, according to a TCEQ filing made by the company on Friday.
The plant, which has an ethylene capacity of 2.95 billion lbs/yr, was flaring as a result and the unit's rates were reduced to minimize the flare. The equipment was then inspected for damage and subsequently restarted.
Overall operating rates for steam crackers in Texas and Louisiana have been above 90% throughout Dec. -- Kathy Hall