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Ineos to Shut Two Rheinberg Plants, Cutting 175 Jobs

The company attributes the move to soaring energy and CO2 costs, citing pressure from low‑priced Asian imports.

Overview

  • Ineos says it will focus on keeping remaining Rheinberg operations running and securing roughly 300 local positions.
  • The closure timetable remains unspecified and will follow consultations with the works council, with a social plan under negotiation.
  • Stephen Dossett of Ineos Inovyn warned that Europe is undermining its industry and criticized emissions‑intensive imports.
  • One affected site makes allyl chemicals used in epoxide resins for sectors including defense, aerospace, autos and renewables, and the site also produces chlorine for medicine and wastewater treatment.
  • The announcement follows earlier Ineos retrenchments at Grangemouth and Geel and the previously signaled Gladbeck shutdown, as Germany’s VCI urges power‑cost relief and lighter regulation.