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Shell Ends Force Majeure on Phenol and Acetone

1:51 PM MDT | June 6, 2007 | Chemical Week Editorial Staff

Shell Chemical says it has lifted force majeure on phenol and acetone. Shell declared force majeure on both products in early May after severe storms downed a plant that supplied steam to its phenol-acetone plant at Deer Park, TX, forcing the phenol units offline. The plant has two lines with capacity totaling 600,000 m.t./year of phenol and 366,000 m.t./year of acetone. Market sources say the outage has not been a major problem because the phenol and acetone markets have come into better balance after some tightness. Phenol contract prices rose 8 cts/lb this...

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