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ExxonMobil Chemical's propylene plant in Beaumont, Texas, cumbered a fire on March 30th, and although no one was injured, the accident could have limited propylene supplies, affecting the PP resin market.
accident is still under investigation. Exxon Mobil spokesman Lee Daula told a local media outlet that a mechanical failure of a valve in a production line in the oil storage area eventually caused the fire.
added that a propylene production line caught fire and steam leaked, causing the fire to spread. The plant is currently out of operation and no restart date has been set.
the plant could lead to tighter propylene supplies in North America, which in turn could lead to limited PP supplies and higher prices. PP prices in North America fell 20 cents a pound between December and January as oil prices fell. It then rose 1 cent in February and 1 cent in March.
April 1, Exxon Mobil spokesman Margaret Ross said acrylic devices were being restarted and some of them were back up and running.
"is currently conducting damage assessments of those affected and starting to repair them," she said, adding that "as a rule, we do not speculate on the timing of repairs." A detailed investigation is under way into the cause of the accident. ”