SNG Cancels its Force Majeure Declaration Impacting RYAM’s Jesup Facility

Source: 12/29/2022, Location: North America

Rayonier Advanced Materials Inc. (RYAM) announced that the force majeure declared by its natural gas provider, Southern Natural Gas Company, L.L.C., due to an unscheduled outage of the Elba Express Pipeline’s Hartwell Compressor Station (the “SNG Force Majeure Event”, or “Event”) has been cancelled. The Event impacted natural gas supply to the Company’s facility in Jesup, Georgia, and has resulted in an estimated $4 million EBITDA impact to the Company. The Company continues to reserve all rights to more fully examine, and potentially contest, the validity of the financial penalty it has been assessed.

Gulf Oil and Gas
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