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Global epoxy giant Olin announced the temporary shutdown of 265,000 tons of epoxy resin plant

 Last Update: 2023-01-27
 Source: Internet
 Author: User

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On March 14, 2022, Olin Corporation announced that it will temporarily scale back integrated epoxy resin production at its plant in Stade, Germany
.
In the first quarter of 2022, Olin's epoxy resin demand in Europe was lower than expected, exacerbated by uncertainty following Russia's invasion of Ukraine
.

Olin is reluctant to sell incremental products to the lower end of the market, and it is impractical to operate epoxy resin facilities at less than 50% capacity
.
Due to these factors, record gas and electricity costs in Europe and facility maintenance, Olin has decided to suspend Stade epoxy production
.

As the world's second largest epoxy resin supplier, Olin has a production capacity of 610,000 tons, second only to the 630,000 tons of South Korea's Guodu Chemical.
Among them, it has a production capacity of 265,000 tons of epoxy resin in Stade, Germany
.

Olin expects the epoxy business' first-quarter 2022 results to be approximately $35-$40 million lower sequentially than the fourth quarter of 2021
.
We continue to expect Q1 2022 total chemical performance to be similar to Q4 2021 levels due to Olin's unique model adapting in real time to prioritize system value globally
.

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