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INEOS Phenol to permanently close Gladbeck site
INEOS Phenol plans to permanently close its Gladbeck, Germany site due to high energy costs and EU carbon taxes, which have made Europe uncompetitive amid global oversupply and rising imports. The 1954 facility no longer has sufficient local demand. INEOS will consult stakeholders to ensure a safe, compliant exit and remains committed to its global phenol business.
INEOS Phenol plans to permanently close its Gladbeck, Germany site due to high energy costs and EU carbon taxes, which have made Europe uncompetitive amid global oversupply and rising imports.
The 1954 facility no longer has sufficient local demand.
INEOS will consult stakeholders to ensure a safe, compliant exit and remains committed to its global phenol business.
