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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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ExxonMobil reports flaring at Beaumont olefins unit: TCEQ

HOUSTON, January 10, 2019 (PCW) -- ExxonMobil reported that it was flaring its Beaumont, TX olefins plant on Tuesday and Wednesday following a loss of feedstock supply, according to a filing made late Wednesday to the TCEQ.

The site's refinery shut Jan 5 because of a fire at a transformer unit. The refinery was restarting units at the refinery this week.

The site's olefins production is 1.8 billion lbs/yr. The TCEQ report noted that the company was in the process of returning the affected olefins unit to normal operations.

Overall maximum operating rates in the Gulf have been high for months. With only Chevron Phillips' Olefins Unit 22 at Sweeny, TX and Eastman's HCC-3 unit at Longview, TX shut, maximum operating rates for the sum of olefins units in Texas was roughly 95%. All units in Louisiana were understood to be operating. -- Kathy Hall

To view the filing, click here.

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