Celanese Force Majeure: Impact on Adhesives
|
|
CELANESE OUTAGE: WHAT WE KNOW
- Unplanned outage on May 14 at Celanese Corporation's Clear Lake, Texas Facility.
- Declaration of force majeure on acetic acid takes >40% of North American capacity offline.
- Celanese puts customers on allocation (they are only allowed to purchase a fraction of their average consumption for the past 9 months.)
- The company expected operations to resume by the end of May.
- Attempts to repair the facility were unsuccessful upon restart on June 12th.
- Celanese extends the force majeure to acetic acid derivatives, including VAM, EVA emulsions, PVA and PVOH.
- Reduced allocations are reported to the press.
- The company expects to resume sustainable operations by mid-July.
- Domestic acetic acid suppliers are being swamped with new orders.
- Several global suppliers of acetic acid have maintenance outages scheduled for later this summer.
|
