Dispute Between Shintect & Olin Leads to Decrease in PVC Production
Charlotte, NC, July 31, 2023-A dispute and pending lawsuit between Shintech and Olin Corp. has forced Shintech, a major PVC producer, to cut production at its Freeport, Texas PVC resin plant, reports Truist.
Olin had been supplying vinyl chloride monomer feedstock to Shintech; however, certain "unforeseeable and unavoidable problems" have led Olin to allegedly not supply the full contract volumes. Olin had been supplying roughly half of the VMC feedstock required to run the Shintech plant. The Freeport Shintech plant is the largest in the region, with nearly 3.2 billion pounds of annual PVC production.