Ineos Phenol to Permanently Shut Down Gladbeck Site in Germany

Uncompetitive Market Ineos Phenol to Permanently Shut Down Gladbeck Site in Germany

2025-06-18 Source: Press release Ineos Phenol 1 min Reading Time

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Ineos Phenol has plans to permanently shut down its production site in Gladbeck, Germany owing to high European energy costs along with Europe’s punitive CO2 tax policy. Both these factors combined have made Europe an uncompetitive market for the company.

After carrying out a detailed strategic review, the business intends to permanently exit the Gladbeck site at a date that is yet to be confirmed. (Source: Ineos Phenol) — After carrying out a detailed strategic review, the business intends to permanently exit the Gladbeck site at a date that is yet to be confirmed.
(Source: Ineos Phenol)

London/UK – Ineos Phenol has recently announced its intention to permanently stop production at its site in Gladbeck, Germany. Sky high European energy costs alongside Europe’s punitive CO2 tax policy have combined to leave Europe uncompetitive against imported Chinese production and a global oversupply.

After carrying out a detailed strategic review, the business intends to permanently exit the Gladbeck site at a date that is yet to be confirmed. Europe’s lack of competitiveness has already led to the exit of several downstream consumers of phenol and acetone to such an extent that local demand no longer supports the operation of the Gladbeck site which dates from 1954 and requires significant future investment.

Sir Jim Ratcliffe, Chairman of Ineos said, “This is the consequence of Europe’s total lack of energy competitiveness and the blind devotion to carbon taxation which is leading to a mass deindustrialization across the continent. Gladbeck is not the first and will definitely not be the last unless the regulators wake up and take action.”

Ineos Phenol will now enter into consultation with the works council, employees, customers and suppliers to exit the site in a safe, responsible and compliant manner.

(ID:50457118)

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