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Gustav Spares Chemical Industry of Major Damage but Leaves a Wide Path of Plant Disruptions
SUGAR LAND--September 3, 2008--Researched by Industrial Info Resources (Sugar Land, Texas)--Hurricane Gustav moved slowly through the tropics but sped quickly across the Gulf of Mexico, ultimately making landfall in a fragile portion of Louisiana. The storm has left thousands of people and dozens of chemical plants with no power due to high winds, although, fortunately, flood waters seem to be minimal. An estimated 100 plants operating in the Chemical Processing Industry (CPI) were in the path of Hurricane Gustav, threatening billions in installed assets vital to the Gulf Coast's industrial food chain. Power remains unavailable to many while other plants fortunate enough to recover all or portions of their power don't have the available man power to restart operations. Several of the major ethylene producers in this area, such as The Dow Chemical Company (NYSE:DOW) (Midland, Michigan), had only limited power late Tuesday, making it impossible to begin the restart process.
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Industry Segment: Chemical Processing
Word Count: 563 Words
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