Styrolution, the equally owned styrenics production joint venture between BASF and Ineos, has announced a program to streamline its operations in Europe and add capacity in emerging markets. Roberto Gualdoni, Styrolution CEO, speaking exclusively to CW this morning, said that—as part of the plan being announced today—the company will terminate its agreement with Ineos to offtake styrene and polystyrene (PS) from Ineos’s Marl, Germany site. This will lead to the closure of the complex after the agreement runs out at the end of this year. The complex is designed to produce 350,000 m.t./year of styrene and 180,000 m.t./year of PS.
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