According to a statement, the lack of competitiveness in Europe has already led to several customers withdrawing, which means that local demand is no longer sufficient to justify continuing the operation of the plant. At the same time, the production units â” built in 1954 â” would have required extensive investment in the future.
Related: Ineos completes sale of composites division to KPS
According to Plasteurope.comâs Polyglobe database, the Ineos Phenol subsidiary operates a combined phenol/acetone plant at the site with capacities of 650,000 t/y and 400,000 t/y, respectively. The company operates another, slightly larger sister plant at Antwerp, Belgium.
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