MOSCOW (MRC) -- INOVYN announced its intention to invest in a project to deliver the capability to import EDC to its PVC and VCM manufacturing operations at Martorell, Spain, said the company on its site.
The Project is based on EDC supply by deep sea vessels, with storage in Barcelona harbour and rail transport to Martorell Site.
The investment at Martorell will enable INOVYN to maintain PVC and VCM production at current capacity beyond the date when production from its mercury cellroom will cease in accordance with the terms of the Industrial Emissions Directive (preventing the manufacture of EDC with chlorine derived from mercury cells).
The investment at Martorell also includes the production of hydrochloric acid. In addition, INOVYN remains committed to supplying caustic soda and sodium hypochlorite to the Iberian market and is evaluating options for doing so.
Comments Filipe Constant, Business Director for INOVYN: "We are engaged in ongoing dialogue with regional and national authorities in Spain to secure the long-term competitiveness of the operations at Martorell against a backdrop of high energy costs for electrointensive companies such as INOVYN.
"In the meantime, this investment is a further demonstration of INOVYN’s strong leadership in providing continuity of supply to customers during difficult and uncertain situations relating to chlorine production continuity and competitiveness in the Region."
As MRC informed earlier, in July 2016,INEOS completed its acquisition of the full shareholding in INOVYN, which brings to an end Solvay’s part interest in the Company. INEOS and Solvay formed INOVYN as a 50/50 Joint Venture in July 2015, with Solvay's exit originally planned for July 2018. Solvay’s early exit was announced in March 2016 and was completed today following receipt of customary regulatory approvals.
Headquartered in London, INOVYN has pro-forma sales of more than EUR3 billion, with 4,300 employees and assets across 18 sites in Belgium, France, Germany, Italy, Norway, Spain, Sweden and the UK. Governance of the Joint Venture is equally split between the partners.
MRC