Insight
Hurricane Laura’s impact on North America’s EOEG industry
Report summary
Hurricane Laura made landfall in southwest Louisiana early on the morning of Thursday 27 August. With a number of chemical and refinery manufacturing operations in its path, see this report to learn how Genscape and Woodmac work together to analyse the effects of the storm on the industry. With a particular focus on EO/MEG production outages, we consider the far reaching impacts on these important commodities.
Table of contents
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From bad to worse – a pandemic and now a major hurricane
- Hurricane Laura’s most severe weather affected the area bordered by Beaumont, TX to the west and Lake Charles, LA to the east
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Several ethylene crackers impacted
- Ethane and Spot Ethylene prices where on the rise before Laura
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Hurricane Laura - North American Loss in EOEG Production
- The US EOEG market was already experiencing tightness due to a series of events
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MEG price increase volatility - a regional US and European problem?
- High inventories in China - while the US and Europe remain quite empty
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Effects on PEO and EO Derivatives – Indorama and Sasol
- PEO, Ethanolamine’s, and Ethoxylates are hit hard by the impact of hurricane Laura
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Summary - assessing the impact on EO/EG/Derivatives
- What to expect as we head towards year-end
- Glycols
- PEO and EO Derivatives
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Summary
- The effects of the storm are widespread and far reaching...
Tables and charts
This report includes 7 images and tables including:
- Laura approaches the US gulf coast
- After Laura Ethane prices have dipped, while spot ethylene continues to climb
- Capacity pre-emptively idled due to Laura
- Extreme production loss in September 2020 for North America
- China’s Inventories hold on average 57% of the world MEG inventory In 2020
- Site consumption of EO
- Summary
What's included
This report contains:
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