Williams Partners L.P. is hoping to commence ethylene sales in mid-August after its Geismar plant restarts in late July, instead of the previous expectation of late June, the company said in its latest 2014 Financial Guidance Update.
Williams Partners L.P. is hoping to commence ethylene sales in mid-August after its Geismar plant restarts in late July, instead of the previous #
“The Geismar plant rebuild and expansion projects are targeted for initiation of startup in late July. Williams Partners’ financial guidance assumes ethylene sales commencing in mid-August,” the statement said.
Williams Partners L.P. is hoping to commence ethylene sales in mid-August after its Geismar plant restarts in late July, instead of the previous #
The company attributed the delay in startup of the Geismar plant, based in Louisiana in the United States, to lower than planned construction labour productivity and other factors on both the rebuild and expansion projects.
Williams Partners L.P. is hoping to commence ethylene sales in mid-August after its Geismar plant restarts in late July, instead of the previous #
As a result of such delay, the Geismar expansion project capital spending is expected to increase to US$ 715 million, up $65 million from previous guidance.
Williams Partners L.P. is hoping to commence ethylene sales in mid-August after its Geismar plant restarts in late July, instead of the previous #
About a year ago, the Geismar facility was taken offline for investigatory work after a fire incident, which resulted in the death of two employees and injuring 70 others.
Williams Partners L.P. is hoping to commence ethylene sales in mid-August after its Geismar plant restarts in late July, instead of the previous #
However, the company was able to go ahead with expansion activities outside the affected portion of the plant.
Williams Partners L.P. is hoping to commence ethylene sales in mid-August after its Geismar plant restarts in late July, instead of the previous #
In May this year, the insurers approved $50 million of the most recent claim-payment request of $200 million. Upon receipt of such $50 million, expected in June, the total insurance receipts to date will be $225 million, according to the company.
Williams Partners L.P. is hoping to commence ethylene sales in mid-August after its Geismar plant restarts in late July, instead of the previous #
“Williams Partners continues to work with insurers in support of all claims, as submitted, and is vigorously pursuing full payment,” the company said.
Williams Partners L.P. is hoping to commence ethylene sales in mid-August after its Geismar plant restarts in late July, instead of the previous #
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