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Arkema SA (OTCPK:ARKAF) Q1 2022 Earnings Conference Call May 05, 2022, 05:00 ET Company Participants Thierry Le Henaff - Chairman & CEO Marie-José Donsion - CFO Conference Call...
Department in arkema. there were two containers on-site that that were engaged. this played out like we expected it to. refrigeration -- it began to degrade, it caught fire and burned. i want to thank you guys for helping us get the message out to your viewers. we want to make sure that everyone continues to respect the 1.5-mile evacuation zone. this is critical for your safety and of course, the safety of the citizens of the area is what we are most focused on. in addition, for those who did not have a chance to see our ceo at a press conference this morning, during that conference he mention...
Compromised. for more on what we are seeing on fluid living in crosby, texas, matt finn. he spent the day yesterday when the fire first broke out. i know that they hinted more was expected but of this magnitude? >> sandra, what's happening here according to arkema, they said hurricane harvey -- they closed shop and brought it back on generators. those generators failed. they brought in liquid nitrate and that failed. chemical compounds that are basically exposed to the elements and heat here in texas. wednesday night, there are reports of two explosions on the arkema chemical plant. arkema sai...
>> sandra: we continue to watch this raging fire at a chemical plant in crosby, texas. it is an arkema chemical plant. it started about 6:00 eastern time. at 5:00 local time. chemical plant that had a an announcement yesterday that they were having major problems. they had to make a bunch of changes. they warn that this could happen. you can see the fire raging, the black plumes of smoke. we are going to continue to watch as a residence have been warned to evacuate that chemical plant in a 1.5-mile radius, local reports are saying they are experiencing light winds in the area. it's not pushing...
Continue to watch these live pictures out of crosby, texas. a major fire happening. you can see the dark plumes of smoke. matt, you spent the day there yesterday. that morning they come. arkema may say that this is what they warned of. >> definitely, that 1.5-mile evacuation radius was put in order. they went door-to-door. they at least warned the public. they said we anticipate this coming. there were many deputies in the area and were injured and treated. they described their wounds and pain as standing over a pit of fire. if that gives you an idea of what breathing this material might be or...