A gas leak involving the pipe rack that runs to the terminal of this petrochemical complex led to an explosion, which occurred near the complex chemical plant, causing additional damage to the pipe rack and resulting in a major gas leak. A powerful second explosion occurred that could be felt more than 15 miles from the complex. These explosions and a subsequent fire completely destroyed the chemical plant, caused significant damage to the pipe rack, and resulted in moderate damage to other complex buildings and adjacent third-party facilities. The fire was extinguished after approximately three hours. Because of this incident, the chemical plant at this complex was completely shut down for seven months to allow for the rebuild of the plant and the pipe rack.

[ Property Damage $97 Million. Estimated Current Value $208 Million ]

Image credit: Reuters