Ineos to shut 175000 tpa PP plant at Norway

Ineos plans to close its 175000 tpa polypropylene (PP) plant at Bamble, Norway acquired from Borealis by the end of 2008. Several reasons were responsible for this decision for shutting the loss-making plant : the need to rely on imported PP, poor feedstock integration, limited technical capability, "fourth quartile" cost structure and exposure to grades and markets unable to provide sufficient returns. This decision does not affect operations at the 140000 tpa LDPE unit at Bamble.
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