Dow Chemical ethanolamines production resumes; force majeure for VAM.The Dow Chemical Company The Dow Chemical Company (NYSE: DOW TYO: 4850 ) is an American multinational corporation headquartered in Midland, Michigan. Overview The Dow Chemical Company is currently the second largest chemical manufacturer in the World (after BASF)[1]. , Midland, MI, has announced that the production of ethanolamines is back on line at Union Carbide Corporation's St. Charles Operations in Hahnville, LA. The facility was shut down as a result of Hurricane Katrina. Union Carbide Corporation is a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Dow Chemical. Dow Chemical has also announced that it has declared force majeure [French, A superior or irresistible power.] An event that is a result of the elements of nature, as opposed to one caused by human behavior. The term force majeure on its vinyl acetate monomer (VAM VAM Vinyl Acetate Monomer VAM Vesicular-Arbuscular Mycorrhizae VAM Vitt Ariskt Motstånd (Swedish: White Aryan Resistance) VAM Vitt Ariskt Motstånd (Sweden) ) product due to conditions resulting from Hurricane Rita. The VAM production facility at the company's Texas City Operations, which is owned and operated by Union Carbide Corporation, was shut down in preparation for the hurricane, but no structural damage was caused by the storm. However, extenuating circumstances including availability of natural gas, feedstock, and transportation have impacted VAM production. |
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