Tropical Storm Harvey Causes Chemical Plant Shutdowns
The destruction caused by Tropical Storm Harvey over the past week has led to specialty chemical plant closures along the Texas Gulf Coast. According to analyst Tamar Essner, approximately 40 percent of the U.S. petrochemicals market is currently offline. This percentage is significant due to Southern Texas being the heart of the nation’s specialty chemicals and petrochemicals industry. More importantly, the country’s manufacturing sector relies on the region for raw materials to produce everyday items like water bottles. It is unknown when the plants will come back online, but the shutdowns are certain to disrupt supply chains across the U.S.