WASHINGTON, DC, April 12, 2024-

Europe’s polyester production crisis is deepening. Indorama Ventures is taking steps to shutter a large polyethylene terephthalate (PET) plant in the Netherlands, and the European Commission is attempting to stem further production cuts by imposing long-term antidumping duties on imports from China.

Indorama is entering a consultation process with employee representatives at its site in Rotterdam “to evaluate the possible future for production activities”—language that is often a harbinger of a plant closure. The site has an annual capacity for 426,000 metric tons (t) of PET and 700,000 t of the raw material purified terephthalic acid (PTA).

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