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ExxonMobil's Beaumont olefins operations return to normal

HOUSTON, February 11, 2016 (PCW) -- ExxonMobil's olefins unit at Beaumont has returned to normal operations. Parts of the chemical site were shut Jan 21 following a power outage that shut the company's Beaumont refinery. The refinery began restarting around Feb 1 and had resumed operations by Feb 5.

The Beaumont unit's ethylene capacity is 1.8 billion pounds per year, or slightly less than 5 million pounds per day, representing 4.1% of Texas ethylene capacity and 2.9% of all Gulf Coast ethylene capacity.

The full return of Beaumont's ethylene production will bring overall steam cracker operating rates in the Gulf to nearly 100%.

Spot Feb ethylene was bid at 18.5 cpp and offered at 19 cpp Thursday morning. Feb last traded at 18.75 cpp on Wednesday.

To keep up with news and market trends throughout the day, check out PCW Daily Report by clicking here.

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