Ingevity to close Louisiana pine chemicals plant

17 DAYS AGO

Biofuel subsidies and market shifts made the site’s commodity products uncompetitive. Faced with growing competition for its main raw material, the chemical maker Ingevity is closing its pine chemical plant in DeRidder, Louisiana, in the first half of 2024. The site uses crude tall oil (CTO), a byproduct of pulp and paper production, to make adhesives and other commodities. The closure and related cuts will save Ingevity around $70 million per year but cost the company $280 million in the short term. About 300 employees will lose their jobs. CTO is rich in fatty acids that Ingevity and other companies have been separating and upgrading for over a century. But biobased feedstocks like CTO are in increasing demand … Read more in C&EN:

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