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BI: Oil refineries have released 2M pounds of chemicals via Harvey damage

Published 08/30/2017, 07:35 PM
© Reuters.  BI: Oil refineries have released 2M pounds of chemicals via Harvey damage
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  • Harvey's pounding of the south Texas oil and gas industry also caused the release of more than 2M lbs. of hazardous chemicals into the air - including cancer causing and potentially lethal gases such as carbon monoxide and benzene - according to filings with Texas environmental regulators.
  • In some cases, companies were forced to intentionally burn chemicals as a means of disposing them ahead of the storm; Chevron Phillips (CVX, PSX) burned nearly 800K lbs. of chemicals - including 300K of carbon monoxide - as it shuttered its plant.
  • At Exxon's (NYSE:XOM) Baytown plant, the floating roof covering one tank partially sank, releasing nearly 13K lbs. of chemicals include benzene; at Kinder Morgan 's (NYSE:KMI) Pasadena terminal, floating roof tanks released close to 300K lbs. of chemicals.
  • "I’m more concerned about things that could have a lingering effect and stay in the soil," one expert tells Business Insider. "Benzene is a known carcinogen, so if that's coming back into the ground that would be very bad."
  • An extensive list, via the Sierra Club, also includes problems at facilities run by Valero (NYSE:VLO), Shell (LON:RDSa) (RDS.A, RDS.B) and others.
  • Now read: Kinder Morgan: More Dividend Promises, But Are They Realistic?

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