Trinseo mulls closure of its styrene monomer plant located in Boehlen, Germany, with capacity of 300 ktpa, according to a recent press release.
The company said the plant generated losses in the last four quaters to Q2 2022 of around $30 million.
“Given the current economic outlook of higher inflation, lower customer demand and elevated energy costs, we are evaluating asset optimization across our portfolio,” said Frank Bozich, President and CEO of Trinseo.
“In addition to improved profitability for Trinseo, we believe a closure will aid in achieving our 2030 sustainability goals, as Boehlen is one of our most carbon intensive plants,” said Frank Bozich.
The company has been in consultation with the Works Council of Trinseo Deutschland GmbH on the possible closure of the plant.