LONDON (ICIS)--INEOS Styrolution will commission an engineering study to build a world-scale styrene monomer (SM) plant in the US Gulf Coast, the company said on Wednesday.
The new SM plant will use best-in-class technology and benefit from access to low-cost feedstock and energy from shale gas as well as an excellent infrastructure. A specific location is yet to be defined, the announcement said.
Steve Harrington, president of global styrene monomer and Asia-Pacific, commented: “The new plant will complement our existing SM production facilities and provide a sustained competitive advantage to enable us to supply the global market.”
Kevin McQuade, CEO at INEOS Styrolution; “This plan supports our ‘Triple Shift’ growth strategy and maintains our leading position as a global styrenics supplier to our key customers and industries.”