IHS Chemical Week

Ineos shuts down Hull VAM unit

11:51 AM MDT | October 4, 2013

Ineos is closing of its vinyl acetate monomer (VAM) facility at Saltend in Hull with a loss of 18 jobs, the company announced today. Ineos's VAM capacity at the site is 300,000 m.t./year according to IHS Chemical data. The closure does not affect Ineos's ethyl acetate plant at the same site, which will remain in production. Ethyl acetate capacity is 240,000 m.t./year, according to the same IHS data. "Low cost imports and a hostile trading environment have left us no choice but to close the plant. Regrettably, our cost per tonne remains significantly higher than...

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