Insight
INEOS Styrolution investment announcement
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
INEOS Styrolution has announced that it is investing in a new styrene unit along the Gulf Coast. This would be the first new construction of a styrene unit in the region in 25 years were it to go forward. There are many factors to consider with the announcement, which we will go into in this deep-dive insight: why our prior view was that a unit like this was not likely to get built; why this announcement could be an attempt to gain leverage over counterparties or block others from entering the market; and why, were INEOS Styrolution to go forward with the investment, it would likely do well as a stand-alone investment and as a compliment to their corporate strategy.
Table of contents
- Introduction
-
Analysis of the announcement
- INEOS Styrolution to build a world-scale styrene monomer plant in the US Gulf Coast
-
Why was our view that this didn’t make sense?
- Feedstock availability
- Destination of styrene produced
- New world-scale complexes
- Trade barriers and protectionism
- Review of Concerns
-
Why might this make sense for INEOS Styrolution?
- Why would INEOS Styrolution announce an investment without actually intendingto build anything?
- Why would an investment by INEOS Styrolution here actually make sense?
- What happens to markets if INEOS Styrolution goes ahead with investment?
- Conclusions
Tables and charts
This report includes the following images and tables:
- Nameplate Styrene Capacity, by Company
- United States Benzene Imports, by Source
- Styrene Producers and Major Consumers, North America
- United States Styrene Exports, by Destination
- INEOS Styrolution, Styrene Monomer Balance, North America
- INEOS Styrolution, Styrene Monomer Balance, Europe
- INEOS Styrolution, Styrene Monomer Balance, Asia
- INEOS Styrolution, Styrene Monomer Balance, Regional
What's included
This report contains:
Other reports you may be interested in
Insight
Q2 2025 North America LNG Projects Update
Woodside Louisiana LNG’s sanction is the first in the US in nearly two years.
$1,050
Insight
Will industrial policy rescue European chemicals production?
EU legislation will limit chemical asset closures to 2035. However, measures will not fully protect the current industrial structure.
$900
Insight
Global auto supply chains polarised by rare earth restrictions
The automotive industry faces a shortage of rare earth magnets due to China's export restrictions, which particularly affects EVs.
$1,050
