Propylene Oxide Implications
August 24, 2022
OLIN ANNOUNCES CHLOR ALKALI CAPACITY REDUCTION
Aug. 24, 2022 4:05 PM ETOlin Corporation (OLN)
CLAYTON, Mo., Aug. 24, 2022 /PRNewswire/ — Olin Corporation (OLN) announced today that it plans to permanently shut down approximately 225,000 ECU tons of diaphragm-grade chlor alkali capacity at its Freeport, TX facility. The closure is expected to be completed by year end 2022.
“Including this closure, Olin will have rationalized over one million ECU tons of diaphragm-grade chlor alkali capacity in less than two years,” remarked Scott Sutton, Olin Chairman, President, and Chief Executive Officer. “These actions demonstrate our commitment to lift and maintain our ECU values, while developing a more sustainable asset configuration.”
Olin Corporation is a leading vertically-integrated global manufacturer and distributor of chemical products and a leading U.S. manufacturer of ammunition. The chemical products produced include chlorine and caustic soda, vinyls, epoxies, chlorinated organics, bleach, hydrogen, and hydrochloric acid. Winchester’s principal manufacturing facilities produce and distribute sporting ammunition, law enforcement ammunition, reloading components, small caliber military ammunition and components, and industrial cartridges.
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