INEOS to close two production units

In a statement, INEOS said that the proposed closures are the direct result of “crippling energy and carbon costs, and a lack of tariff protection.”

Stephen Dossett, CEO of INEOS Inovyn, said: “Europe is committing industrial suicide. While competitors in the US and China benefit from cheap energy, European producers are being priced out by our own policies and absence of tariff protection. Meanwhile, high-emission imports flood our market unchecked. It’s completely unsustainable and if not immediately addressed will lead to further closures, job losses and increased dependency on other regions for essential materials.”

Both plants produce essential chemicals. The Allylics unit makes the key ingredient for epoxy resins vital in defence, aerospace, cars and renewable energy infrastructure. The electro chemical facility produces chlorine crucial for clean water, medicines, industrial processes and sanitation.

INEOS has closed plants in Grangemouth (UK) and Geel (Belgium), and is closing Gladbeck (Germany). It has also mothballed assets in Tavaux (France) and Martorell (Spain).

“We’ve reached the point where well invested, efficient European plants are closing, while global emissions rise,” Dossett said. “It’s not just economic madness. It’s environmental hypocrisy.”

INEOS will now focus on preserving its remaining PVC operations in Rheinberg to support around 300 skilled jobs. This requires urgent state support to help cover significant local transitioning costs.

“INEOS Inovyn will work closely with partners and employees to minimise the impact.” said Dossett “We are doing everything we can to protect what is still viable, but we can’t do it alone. If governments want to keep strategic manufacturing in Europe, they must help manage this transition and restore competitiveness.”

Read the article online at: https://www.hydrocarbonengineering.com/petrochemicals/06102025/ineos-to-close-two-production-units/