graphic
News > Technology
Chemical outfits face Y2K
March 15, 1999: 9:08 p.m. ET

Safety board is trying to get chemical companies to confront computer glitch
graphic
graphic graphic
graphic
NEW YORK (CNNfn) - The U.S. Chemical Safety and Hazard Investigation Board warned Monday that small chemical companies, many of which are located near residential areas, may not be able to handle the Y2K computer glitch.
     Almost 85 million Americans live, work and play within a 5-mile radius of facilities handling highly hazardous chemicals, but according to the safety board, this calculation may underestimate the full risk to the U.S. population.
     The board said large chemical companies have the Y2K problem under control, but progress at as many as 200,000 small to midsize companies is sketchy.
     Safety board employee Gerald Hoje said, "Efforts on the Y2K problem appear to be less than appropriate based upon inputs from many experts."
     Since 1987, there have been an average of 60,000 chemical incidents a year, resulting in 250 deaths.
     Without proper contingency plans the Y2K glitch could compromise not only manufacturers, but companies that transport and store chemicals. That's because computers play a role controlling everything from gauges to temperature control. An industry group representing small firms says its members are well aware of the risks.
     "Our members are going to be prepared by the middle of this year," said Edmund Fording of the Synthetic Organic Chemicals Managing Association. "Part of that preparation is not only what they are looking at for their own company, but they reach out to their suppliers, they request letters from their suppliers to make sure their suppliers are compliant."
     Currently, there are no federal Y2K guidelines for the chemical industry. The Chemical Safety Board says there should be. The board is urging local governments to develop their own emergency response plans.
     Meanwhile, Congress will hold hearings on the issue to decide if further action is necessary.Back to top

  RELATED STORIES

Y2K test starts smoothly - March 6, 1999

Oil industry confronts Y2K bug - Feb. 23, 1999

  RELATED SITES

Y2K

Chemical Safety and Hazard Investigation Board


Note: Pages will open in a new browser window
External sites are not endorsed by CNNmoney




graphic

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.