INEOS Styrolution, the leading global styrenics supplier with a focus on styrene monomer, polystyrene, ABS Standard and styrenic specialties, has planned to increase capacity for ASA and ABS in the Americas by constructing a new 100kt capacity ASA plant in Bayport, Texas and increasing the ABS capacity at its ABS/ ASA plant in Altamira, Mexico.
Bayport, in the Greater Houston Area, the location of the new ASA plant was selected based upon its easy access to raw materials (e.g. being adjacent to the INEOS Styrolution styrene monomer plant), low-cost utilities and proximity to major customer markets. The new ASA plant in Bayport is expected to be operational by the end of 2020. In addition, Bayport offers an excellent infrastructure for domestic shipments and exports.
Alexander Glueck, President Americas, commented, “This investment follows previous growth investments including the AMSAN production in Altamira, the current expansion of the ABS/ ASA plant in Altamira and, most recently, the acquisition of the K-Resin business. We are very pleased that our customers and partners select our styrenic products as their solutions of choice. The plans we reveal today will allow us to continue growing in close cooperation with them in the future.”
Kevin McQuade, CEO INEOS, added, “The capacity increase in Bayport and in Altamira will give us additional resources in a dynamic market. It reduces the need to import volumes from other regions, allowing for more localized supply and at the same time supporting further growth in the other producing regions EMEA and APAC. This also gives us additional flexibility to meet our customers’ expectations in growing markets, as in the Americas. Our investment in the Bayport plant will also free up volumes to further expand our business in other regions.”