INEOS Inovyn to mothball its chloromethane production facility in Tavaux, France
- 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 optimizing its chloromethane production at Rosignano in Italy, to mitigate any impact to customers.
INEOS Inovyn announced 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.”
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