Olin Idling Freeport Production
June 15, 2022
Olin to idle part of chlor-alkali, EDC capacity at Texas plant on weak demand
Jun. 15, 2022 10:43 AM ETOlin Corporation (OLN)By: Carl Surran, SA News Editor
Olin (NYSE:OLN) -7.1% in Wednesday’s trading after saying it is temporarily curtailing a significant part of ethylene dichloride and related chlor-alkali production at its Freeport, Texas, plant, and epoxy and related upstream inputs production at its Freeport and Guaruja, Brazil, facilities, citing weaker than expected epoxy resin demand in North America and South America.
Olin (OLN) also said it has restarted half of its chlor-alkali unit at its Plaquemine, Louisiana, complex, with the rest of the plant expected to return to operations in early August.
The Freeport facility continues to operate at a reduced level of power generation, and the company expects part of the power generation will be restored in Q4.