INEOS Styrolution announced that it has entered into a definitive agreement to sell its acrylonitrile butadiene styrene (ABS) and styrene acrylonitrile (SAN) production site in Map Ta Phut, Thailand to Styrenix Performance Materials Limited (“Styrenix”).
Under the terms of the agreement, Styrenix will acquire INEOS Styrolution’s 100% equity interest in INEOS Styrolution (Thailand) Co., Ltd. The transaction is expected to close in early 2025.