USA: Impact on Petrochemical Industry Hurricane Aftermath on the US Gulf Coast
In its latest report, IHS Markit covers the impacts of the latest series of Hurricanes on the US petrochemical industry.
Houston/USA — The analysts describe lingering system disruptions with refineries as well as chemical assets slowly returning to pre-event operating rates.
IHS Markit estimates that 13 of the 20 affected oil refineries are at or near normal operating rates. Five of the other seven are actively in the process of restarting or ramping up runs.
However, the amount of capacity offline is still significant. Including the impact of refineries that are partially operational, IHS Markit estimates that around 1.7 million b/d of distillation capacity (9 % of U.S. total) is offline as of September 12.
Major Gulf coast ports have all re-opened although on an individual basis there may be Coast Guard mandated restrictions that are still being enforced.
Hurricane Irma appears to have had negligible impact on U.S. crude oil production, although a handful of platforms evacuated personnel in advance of the storm.
Download the full report via the link below this article.