Chevron Phillips Chemical declares polyethylene force majeure

16-May-13
Chevron Phillips Chemical has declared a force majeure for its polyethylene products, according to Platts. The company said in the letter that the move was caused by a "contingency event" to its ethylene production, and is in the process of evaluating the expected duration. The company is the process of restarting three steam crackers at its olefins complex in Sweeny, Texas, following a power distribution system failure on Saturday. The Sweeny complex has estimated ethylene production of 1.9 mln m tpa.
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