LyondellBasell and Covestro to Close POSM Production Unit in the Netherlands
LyondellBasell (LYB) and Covestro have jointly decided to permanently close the propylene oxide/styrene monomer (POSM) production unit (PO11) at the Maasvlakte site in the Netherlands. The two companies report that the decision comes after careful consideration and is driven by the continued pressure on Maasvlakte’s profitability due to global overcapacities, a strong increase of imports […]