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U.S. ethane consumption fell significantly in February because of severe cold weather (5/5/2021)

Author: FleetLogik Media Relations/Wednesday, May 5, 2021/Categories: General

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Annual U.S. ethane consumption has increased every year since 2008 because demand for ethane as a petrochemical feedstock has been growing, and we expect this trend to continue through 2022, according to our Short-Term Energy Outlook (STEO). However, extreme winter weather in February 2021 in the Gulf Coast region—where most ethane in the United States is consumed—led to a decline in U.S. ethane consumption of 654,000 barrels per day (b/d) from January levels. February marks the largest single month decline in history, and this large decline is a result of ethylene cracker outages from the mid-February winter storm. Although most of the ethylene crackers used to process ethane came back online by mid-March, some remained offline through the end of the month and into the first week of April because the cold weather had severely damaged the facilities. ...

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