The new year has kicked off with force majeure declared by at least two resin makers due to unusually cold weather in Texas at the end of December.
Chemical Week reports that Ineos Olefins & Polymers and Pinnacle Polymers sent customers letters declaring force majeure on polypropylene made in Texas, while Ineos also added high density polyethylene made in the region, due to freezing temperatures Dec. 22-25.
While the extreme cold may seem like a reminder of widespread shutdowns leading to material shortages throughout 2021 due to winter storm Uri, the 2022 cold snap — part of what The Weather Channel named Winter Storm Elliott — resulted in only limited power outages throughout the state. The Electric Reliability Council of Texas (ERCOT) had said in advance of the storm that it was monitoring conditions and expected improvements taken since February 2021 would help the power grid to withstand the cold.
Neither company has stated how long it expects recovery to take, but Plastics News will be following up with more information as it becomes available.