US chemical producers including INEOS Styrolution and Westlake are accelerating plant shutdowns amid a multi-year downturn driven by excess global capacity. Reopening the Strait of Hormuz threatens to
Ineos Styrolution will close its 400,000-ton/year polystyrene plant in Channaham, Illinois, by Q4 2026 citing profit pressure and overcapacity, while keeping other North American facilities operationa
INEOS Styrolution plans to shut down its 400,000-tonne/year polystyrene plant in Illinois by Q4 2026 due to margin pressure and oversupply. Production will consolidate at remaining North American and
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