North American olefins industry recovers from storm damage

Olefin markets in the US were supposed to return to normal in the second quarter of 2006. In some ways, however, second-quarter 2006 was as tempestuous as the third and fourth quarter 2005.During first-quarter 2006, ethylene producers and refiners completed repairs to most of the facilities that suffered hurricane-related damage. In addition, the shift to ethanol from methyl tertiary butyl ether for reformulated gasoline production was one of the key developments in second-quarter 2006 that influenced pricing and economic relationships for US olefin markets.The refining industry began to make the shift to ethanol from MTBE as the oxygenate blendstock for reformulated gasoline production i...

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