INEOS Styrolution makes final investment decision for ASA capacity in the Americas
INEOS Styrolution, the global leader in styrenics, announces today the final investment decision to construct a new 100kt capacity ASA plant at its site in Bayport, Texas.
The new ASA (acrylonitrile styrene acrylate polymer) facility strengthens the INEOS Styrolution position as the only global producer with ASA production capacity in all regions. Upon the start-up, scheduled for 2021, the new facility will unleash additional capacity of ABS polymers at the existing INEOS Styrolution Altamira plant in Mexico1.
A contract for engineering, procurement, and construction has been awarded to WorleyParsons, a leading global provider for the chemical industry. “I am looking forward to offering our customers additional ASA capacity allowing for more flexible production of specialty grades per their growing demand in the Americas. In addition, we will be able to produce more ABS in our existing plant in Mexico also serving the growing ABS market,” explains Alexander Glueck, President Americas.
Kevin McQuade, CEO INEOS Styrolution, comments: “We continue to follow a strong growth path to meet customer needs, particularly in growth markets like the Americas. Our Triple Shift growth strategy continues to serve as an excellent advisor.”