IHS Chemical Week

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Williams finds extensive damage to Geismar cracker, outlook uncertain

11:37 AM MDT | July 1, 2013 | —Clay Boswell

Williams (Houston) on 23 June released an initial assessment of the damage to its Geismar, LA, olefins plant, which has been off-line since an explosion in the propylene fractionator area on 13 June. Two employees were killed and 77 injured in the explosion and subsequent fire. Ethylene spot prices, near 52 cts/lb before the incident, jumped in the week that followed, with deals for June delivery being completed in the 59.25–60.00-ct/lb range, according to IHS Chemical. Williams said it will probably have to replace piping, heat exchangers, and reboilers...

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