Trinseo pauses the sale of its styrenics business on the back of uncertainty preventing it “to obtain full value for the business”.
The company blamed the war in Ukraine, the energy crisis in Europe, and Economic uncertainty.
In November 2021, Trinseo had announced the divestiture, which included polystyrene, feedstocks, and 50% ownership of Americas Styrenics LLC.
Nonetheless, Trinseo intends to reevaluate the sale when conditions improve.