WebApr 11, 2024 · On April 19th, BASF announced that its European company's recent force majeure statement for some key raw materials has caused a shortage of raw materials. The force majeure of PBT/ULTRADUR® polymers and compounds will take effect immediately. Supply and demand imbalance, SABIC products increased by up to 16,000 yuan WebFeb 17, 2024 · The chemical company OQ Chemicals has now also had to declare Force Majeure. Houston/USA — Due to severe weather affecting the Texas Gulf Coast and its terminals, inland waterways and shipping …
Multiple petrochemical producers declare force majeure …
WebJun 10, 2024 · At the end of October, the government of the Flanders region ordered 3M to shut down production of almost all PFAS chemicals—the first time the company had been forced by a government to stop... WebJan 23, 2024 · The Jan. 11 fire destroyed a warehouse and caused extensive damage at the facility, Carus says. The firm declared force majeure on Jan. 18, saying it will be at least … common issues with chevy equinox
What Is a Force Majeure Contract Clause, and How Does It Work?
WebAnother prominent example occurred nearly a year later—in February 2024, when facing extreme winter weather in Texas, oil producers and chemical companies declared force majeure on their sales contracts. Overall, U.S. economic and financial conditions have improved since the spring of 2024. WebJul 23, 2024 · Force majeure refers to a clause that is included in contracts to remove liability for natural and unavoidable catastrophes that interrupt the expected course of … WebJun 4, 2024 · 04-Jun-2024 12:00 PM. Journalist: Robert Hume. In a recently released letter to its customers, Westlake Chemical declared force majeure (FM) at its Chlor-Alkali production unit of capacity 0.3 million mt/year based in Natrium, West Virginia. The company stated that the production has been directly and adversely impacted by sudden and … common issues with small engines