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Polar storm paralyses US Gulf Coast petrochemical sector

By Rebecca Trager2021-02-24T13:05:00+00:00 The polar storm that descended into the US Gulf Coast on 14 February, bringing unprecedented prolonged freezing temperatures to many parts of Texas, dramatically disrupted petrochemical supplies. Approximately 75% of total US ethylene capacity remained offline as of 23 February, according to analysis by Kevin McCarthy, who covers the global chemicals industry for the Connecticut-based equity research firm Vertical Research Partners, and colleagues. Source: © Joe Raedle/Getty Images The situation in the aftermath of what’s been dubbed the ‘icepocalypse’ of 2021 is very fluid, with the status of plant operations being updated continually, but the data coming in reveals how badly Texas-based chemicals capacity has been impacted by the record-breaking cold weather. Texas is the petrochemical hub of America.

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