20 June 2013 22:02 [Source: ICIS news]
HOUSTON (ICIS)--Companies with styrene production in Europe and ?xml:namespace>
Styrene plants in Europe and Asia face a disadvantage in feedstocks and higher energy costs compared with facilities in North America and the Middle East, said Steve Harrington, president of Styrolution
In recent years, European petrochemical companies in particular have been dealing with rationalisation as North America’s shale revolution made plants in the
For example, in 2012, INEOS – which is a 50:50 owner of Styrolution along with BASF – closed its Marl, Germany, site where it produced 110,000 tonnes/year of expandable polystyrene (EPS), 260,000 tonnes/year of cumene, 180,000 tonnes/year of polystyrene (PS) and 350,000 tonnes/year of styrene.
Meanwhile, Asia of late has been dealing with a lower-than-expected economic growth rate in
The ICIS US Aromatics and Derivatives Conference concluded on Thursday.
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