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Evacuation order lifted near Arkema's Texas chemical plant

Published 09/05/2017, 11:24 AM
© Reuters.  Evacuation order lifted near Arkema's Texas chemical plant
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  • Chemical company Arkema (OTCPK:ARKAF, OTCPK:ARKAY) yesterday lifted the evacuation order for residents living near its plant outside Houston, six days after it began in advance of chemical explosion due to flooding from Hurricane Harvey.
  • While attention has been focused on the Arkema plant, other facilities - oil refineries, chemical plants, shale drilling sites - have been reporting flaring, leaks and chemical discharges triggered by Harvey that caused the release of more than 1M lbs. of dangerous air pollutants.
  • The chemicals released included benzene, 1,3-butadiene, hexane, hydrogen sulfide, sulfur dioxide, toluene and xylene, and all seven are toxic air pollutants documented to harm human health, with some known to cause cancer.
  • Rooftops sank at four tanks at Phillips 66's (NYSE:PSX) Pasadena products terminal of Phillips 66, three sank at Kinder Morgan 's (NYSE:KMI) Pasadena terminal, two were damaged at Royal Dutch Shell’s (RDS.A, RDS.B) Deer Park refinery, and one each sank at Valero Energy 's (NYSE:VLO) Houston terminal, Marathon Petroleum's (NYSE:MPC) Texas City plant and Exxon Mobil’s (NYSE:XOM) Baytown refinery.
  • Now read: Kinder Morgan's Operating Earnings Yield At 8.74% Crushes The S&P 500


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