Markets recover from outage

Journal Article · Tue Mar 11 23:00:00 EST 1997 · Chemical Week

OSTI ID:525866

Morris, G D.L.

Global methanol markets are settling down after a wild ride the past two weeks. The original cause was a compressor problem that knocked out the new 150-million gal/year BP-Sterling joint venture methanol plant at Texas City. The plant is not a big merchant producer, but with demand strong and other minor outages keeping markets jittery, BP-Sterling`s declaration of force majeure caused a chain reaction of allocations by other sellers and sent spot prices through the roof.

• OSTI ID: 525866
• Journal Information: Chemical Week, Journal Name: Chemical Week Journal Issue: 10 Vol. 159; ISSN CHWKA9; ISSN 0009-272X
• Country of Publication: United States
• Language: English

Related Subjects

09 BIOMASS FUELS
JOINT VENTURES
METHANOL
PRICES
SUPPLY AND DEMAND