Track the companies that matter to you. It's FREE! Click one of these fan favorites to get started: Apple; Google; Ford.



Williams Issues Statement on Chemical Plant Explosion

Watch stocks you care about

The single, easiest way to keep track of all the stocks that matter...

Your own personalized stock watchlist!

It's a 100% FREE Motley Fool service...

Click Here Now

Williams Companies (NYSE: WMB  ) has issued an official statement on the explosion at its Williams Geismar olefins plant in Geismar, La.

According to the company, the explosion occurred at 8:37 a.m. Central Daylight Time. Williams says it quickly isolated the unit affected, engaged emergency shut-down valves, and notified state and local authorities.

At the time of its statement, Williams was unsure of the extent of casualties at the plant, and was still accounting for its personnel. Subsequent news reports confirm that at least one plant employee was killed in the explosion, with dozens more injured.

The plant in question produced olefins, a class of hydrocarbons that includes ethylene and propylene, which are used to produce polymers for plastics (e.g. polyethylene and polypropylene). Other olefins-based petrochemicals include ethylene dichloride, ethylene oxide, propylene oxide, oxo alcohol, polystyrene, and acrylonitrile.

The Geismar plant is responsible for producing as much as 1.3 billion pounds of ethylene, and 90 million pounds of polymer grade propylene annually.


Read/Post Comments (0) | Recommend This Article (2)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2489216, ~/Articles/ArticleHandler.aspx, 9/28/2016 1:46:39 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated 4 hours ago Sponsored by:
DOW 18,228.30 133.47 0.74%
S&P 500 2,159.93 13.83 0.64%
NASD 5,305.71 48.22 0.92%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

9/27/2016 4:02 PM
WMB $30.65 Up +0.29 +0.96%
Williams Companies CAPS Rating: ****