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Stock impact report

Chemical leak set off fire at Mitsui's ITC Houston-area terminal: U.S. [Reuters]

MITSUI & CO LTD ADR (MITSY) 
US:NASDAQ Investor Relations: mitsui.com/us
Company Research Source: Reuters
Chemical leak set off fire at Mitsui's ITC Houston-area terminal: U.S. - Reuters 3 Min Read HOUSTON (Reuters) - The U.S. Chemical Safety Board (CSB) said on Wednesday that a fuel leak, possibly due to open valves and a running pump, set off a massive blaze at a Mitsui & Co Ltd petrochemical storage operation along the Houston Ship Channel in March. The fire that began on March 17 at Intercontinental Terminals Co (ITC) spread black smoke across Houston, shut the nearby ship channel, slowed production at local oil refineries and closed roadways and schools as it spread from one giant storage tank to 10 others before being extinguished on March 20. ITC did not reply to a request for comment. The safety board said investigators believe the fire started in piping next to a 80,000-barrel tank containing naphtha, a flammable liquid used in motor fuel production. A pump connected to the piping was left running for several hours beginning the night before to mix the naphtha with another fuel a Show less Read more
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