TPC Houston plant shut by power outage on Monday
Updates with spokesperson unavailable
HOUSTON, Aug 26 (Reuters) -TPC Group's Houston petrochemical plant was shut by a power outage on Monday as a line of thunderstorms moved over the area, according to notices posted by the company.
A large plume of black smoke was produced by the plant as the safety flare system was used to burn off hydrocarbons that could not be processed normally because of the outage, according to local media reports.
A company spokesperson was not immediately available on Monday.
TPC filed for prepackaged bankruptcy citing the financial impact of explosions at its Port Neches, Texas, plant in November 2019, the COVID-19 pandemic, a 2021 winter storm and spikes in commodities prices.
The Houston plant has about 300 employees at 256-acre site near the Houston Ship Channel and produces butadiene, which is a precursor to synthetic rubber, along with other products.
Reporting by Erwin Seba, Editing by Nick Zieminski
Latest News
Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.
All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.
Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.
