- Effective from September 1, INEOS Inovyn has mothballed its chloromethane production facility in Tavaux.
- In response to weak market demand, high energy costs and challenging regulatory rules.
- INEOS Inovyn will be optimising its chloromethane production at Rosignano in Italy, to mitigate any impact to customers.
INEOS Inovyn announced today that is has mothballed its chloromethane production facility in Tavaux, France. The decision reflects persistently 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.”
ENDS
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About INEOS Inovyn
INEOS Inovyn is Europe's largest producer of chlorvinyls and the global leader in speciality PVC. We deliver products that are essential for modern life, from construction and automotive, to healthcare and renewable energy. Our business is committed to play a key role in the Net Zero transition, through offering low greenhouse gas products and developing new technologies for recycling PVC.
With annual sales of €3.2 billion, INEOS Inovyn employs circa 4,200 people and has manufacturing, sales and marketing operations in 8 countries across Europe. Our portfolio consists of an extensive range of best-in-class products arranged across General Purpose Vinyls, Specialty Vinyls, Organic Chlorine Derivatives, Chlor-Alkali, Hydrogen and Performance Chemicals. INEOS Inovyn's annual commercial production volume is approximately 9 million tonnes.
We are INEOS | INEOS Group
INEOS is one of the world’s largest chemical producers and a significant player in the oil and gas market. Learn more about who we are, today.
See www.inovyn.com and www.ineos.com for more details.
