Arkema Stocks Stoop After Explosions At Flood-Hit Plant In Texas

Arkema shares fell sharply on Thursday after two explosions were reported at its flood-hit chemical plant in Crosby, Texas.
Arkema said further explosions of organic peroxides stored on site were possible and urged people to stay away as the fire burns itself out.
Chemicals were released into the atmosphere after Arkema’s U.S.-based complex sustained significant damage from Tropical Storm Harvey.
Residents living within a 1.5 mile (2.4 kilometer) radius of the French chemical group’s site had been evacuated as the company warned there was a risk of explosions and fire.
One police officer helping to secure the site was reportedly taken to a nearby hospital after inhaling fumes, while nine others admitted themselves as a precaution.

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