Ineos to close Ohio ABS plant

Ineos plans to close its acrylonitrile-butadiene-styrene (ABS) plant in Addyston, Ohio, near Cincinnati. It cites growing competition from overseas imports and says making the plant more cost competitive would have required substantial investment. The facility, which has the capacity to make 180,000 metric tons per year of ABS and styrene-acrylonitrile plastics, will begin decommissioning in the second quarter of 2025. Separately, Ineos has decided not to restart its styrene plant in Sarnia, Ontario. The company shut down the plant in April because of newly imposed restrictions on benzene emissions. At the time, it said that it would cost $50 million to comply with the new regulations and reopen the plant.