Evacuation Lifted Around Arkema’s Flooded Texas Chemical Plant

French chemical firm Arkema SA (AKE.PA) said an evacuation zone put in place amid fears that more flammable organic pesticides at its flooded plant in Crosby, Texas, would explode was lifted on Monday after the materials were ignited in a controlled burn. The plant, which makes organic peroxides for the production of plastic resins, polystyrene, paints and other products, was swamped by as much as 6 feet (1.83 m) of water due to Hurricane Harvey and had been without electricity since Aug. 27. Starting on Thursday, three of the nine trailers at the facility containing a total about 500,000 pounds of chemicals exploded and caught fire.