Cyclical petrochemical business has brought Dow Europe to temporarily stop production of all its polystyrene (PS) resins at Terneuzen, the Netherlands. However, some operating units across Europe will still operating at reduced rates. Dow Polystyrene (PS) has production plants at Tessenderlo, Belgium, Bilbao in Spain, Schkopau in Germany and Lavrion in Greece and the Terneuzen unit which has an annual capacity of 50,000 tonnes/year.
The feedstock price hike comes mostly from the recent increase in global oil price. PS demand has been low for several months impactin producers in Europe including BASF, Total Petrochemicals, Dow, Polimeri Europa and INEOS NOVA.
The feedstock price hike comes mostly from the recent increase in global oil price. PS demand has been low for several months impactin producers in Europe including BASF, Total Petrochemicals, Dow, Polimeri Europa and INEOS NOVA.
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