- Expects to complete the decommissioning and site closure process by early Q4 2025.
INEOS Styrolution (“the Company”), the world's leading supplier of styrenics materials, today confirmed it will not restart its styrene monomer production site in Sarnia, Ontario, which has been shut down since April 2024.
This announcement follows the Company’s prior announcement on June 11, 2024, in which INEOS Styrolution shared its decision to permanently close the Sarnia site by June 2026 based on the economics of the facility within the wider industry context. The Company’s operations in Sarnia have been shut down since April 2024 due to orders from regulatory authorities that forced the site to declare force majeure.
“Since announcing the difficult decision to permanently close our Sarnia site, we have conducted an extensive assessment to determine the operational viability of restarting the site on a temporary basis. Ultimately, the conclusion of the assessment was that temporarily restarting the site is not operationally feasible or economically justifiable,” said INEOS Styrolution’s CEO, Steve Harrington. “We are now focused on conducting a safe, responsible, and compliant closure process and supporting our employees, contractors, customers, and partners, including offering transition support for impacted employees. I want to extend my deepest appreciation to our Sarnia team for their contributions to our business over the years.”
While the precise date of the site closure is yet to be determined, the Company is working closely with all necessary parties and expects to complete the decommissioning and orderly wind-down process by early Q4 2025.
INEOS Styrolution is fully committed to the styrenics business and will continue to serve customers across the globe with its leading portfolio of differentiated, high-performing products and innovative solutions that enable customer growth.
ENDS
ABOUT SARNIA SITE
The Sarnia styrene facility was built by the Canadian Polymer Crown company in 1943 with a capacity of 50 MM lbs/yr. Over the years, the site continued to expand its footprint under different ownership structures to be wholly owned by INEOS in 2011. The site has a nameplate capacity of 430kta of styrene monomer and employs ~80 employees and a large number of contractors.
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ABOUT INEOS STYROLUTION
INEOS Styrolution is the world’s leading styrenics supplier, with a high-performing portfolio of styrene monomer, polystyrene, ABS and advanced styrenic products. With more than 90 years of innovation in materials science, INEOS Styrolution is focused on customer satisfaction with differentiated solutions that provide a competitive edge as well as investments in technology that enable closed loop recyclability for styrenics while reducing our carbon emissions. INEOS Styrolution applications can be found in many everyday products across multiple industries: including automotive, electronics, household, construction, healthcare, packaging, and toys/sports. Operating 17 production sites in nine countries, the company is a wholly owned subsidiary of INEOS Group Limited and employs approximately 3,000 people. Sales were 4.5 billion euros in 2023.