INEOS Inovyn has announced that is has mothballed its chloromethane production facility in Tavaux, France. The decision reflects weak market demand, regulatory challenges, and increased operational and energy costs.
To help mitigate any impact to customers, INEOS Inovyn will be optimising chloromethane production at its Rosignano site in Italy.
Arnaud Valenduc, INEOS Inovyn’s Business Director, said: “Our industry continues to face difficult market dynamics and challenging energy costs, with European gas prices around three times higher than the US. To balance INEOS Inovyn’s operating rates with weak market demand, we have announced the decision to mothball our chloromethane production facility in Tavaux. We remain committed to supporting our customers.”