Overseas force majeure occurs frequently BASF, Mitsui Chemicals and other major plants are affected

Recently, the national epidemic has been sporadically spreading, and many chemical and chemical Da Sheng are affected by multiple factors such as park closure, staff isolation, highway closure and poor transportation, and chemical industry enterprises are forced to stopwork, production and transportation, and the chemical market may rise again.

It is reported that BASF, Mitsui Chemicals and other major plants have been affected by the frequent occurrence of force majeure overseas. BASF has declared force majeure and Mitsui Chemicals has closed its plants, and the supply of many chemicals has plummeted.

BASF: The 400,000 tonnes/year MDI plant at the Geismar plant in North America has suffered an unexpected equipment failure affecting the plant's ability to operate, with force majeure effective immediately for all MDI products and products containing MDI components. BASF is currently undertaking active maintenance of the equipment and production disruptions are currently forecast to last approximately three weeks.

PTA giant Mitsui Chemicals plans to close its purified terephthalic acid (PTA) plant in Iwakuni Otake, Japan in August 2023, which has a production capacity of 400,000 tonnes/year. The main reason for this is the decline in global market conditions, as well as reduced domestic demand in Japan.

In addition, due to two strong earthquakes in Japan, Tokyo Electric Power Company said that more than 2 million customers in its service area were without power, and there are still generating units out of operation, chemical plants and oil refineries were also affected, and a number of companies were forced to close.

Many chemical plants stop working and production, chemical province presses "pause" button

Recently Bohai Chemical released an announcement that the company's wholly-owned subsidiary Bohai Petrochemical downstream customers and surrounding provinces to upgrade the control measures, around the personnel, vehicles to take strict control measures, the supply of raw and auxiliary materials, product sales are affected by the current external epidemic caused the company can not maintain the economic production volume, resulting in a lack of product economics. The company has decided to suspend the production of Bohai Petrochemical's PDH plant from March 23rd, and to use the suspension period to carry out maintenance work on the equipment.

Bohai Chemical's shutdown is not an isolated case, as many chemical companies have recently announced shutdowns and suspensions due to the epidemic. This includes a number of enterprises such as Lubei Chemical, Shenyang Chemical, Jilin Chemical Fiber, etc. The chemical province pressed the "pause" button.