Industry News

Dow Lifts Force Majeure– Propylene Oxide, Propylene Glycols

Published on 2004-10-15. Author : SpecialChem

The Dow Chemical Company ("Dow") announced that the force majeure event declared on September 17, 2004, for propylene oxide (PO) and propylene glycols (PG) products from its Plaquemine, Louisiana site has ended. The transportation-related congestion and supply issues due to "Hurricane Ivan" have been resolved.

"In addition to the preparation and impact of "Hurricane Ivan", several factors had depleted product inventories even before Dow's declaration of force majeure. These factors include unusual demand and industry wide shortages for PO and PG products. Due to the combined impact of these factors and increased seasonal demand for PG products, we anticipate that a shortage of PO and PG products will continue to challenge the marketplace" said Antulio Borneo, Commercial Director Dow Oxides & Glycols.

Dow continues to maintain the order control it announced on September 9, 2004 for its PO, PG and derivatives in North America.

In addition, effective November 15, 2004, Dow has announced that it will increase prices for its propylene glycol products by $0.05/lb in North America. Products included are: propylene glycol industrial (PGI), propylene glycol USP/EP (PGUSP/EP), dipropylene glycol, dipropylene glycol LO+.

"Several factors contribute to the need for this price increase " said Borneo, "including short supply, high fuel, raw material and energy costs."

Dow is a leader in science and technology, providing innovative chemical, plastic and agricultural products and services to many essential consumer markets. With annual sales of $33 billion, Dow serves customers in more than 180 countries and a wide range of markets that are vital to human progress, including food, transportation, health and medicine, personal and home care, and building and construction, among others. Committed to the principles of sustainable development, Dow and its approximately 46,000 employees seek to balance economic, environmental and social responsibilities. References to "Dow" or the "Company" mean The Dow Chemical Company and its consolidated subsidiaries unless otherwise expressly noted.

Source: Dow

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