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Huntsman to close maleic anhydride plant in Moers
US-based chemical company Huntsman will shut down its maleic anhydride production site in Moers, Germany, following continued losses in Europe. Future supply will be handled via its US facilities.
Huntsman Corporation has announced the closure of its maleic anhydride facility located in Moers, North Rhine-Westphalia. The decision follows a strategic review of the company’s European maleic anhydride business, which recorded an adjusted EBITDA loss of approximately USD 10 million in 2024.
The shutdown is expected to be completed by the end of the second quarter of 2025. As a result of the closure, Huntsman anticipates a one-time, non-cash asset impairment charge of roughly USD 75 million (around EUR 69.5 million).
Supply to shift to North America
In the future, Huntsman plans to serve its European customers from production sites in Pensacola, Florida, and Geismar, Louisiana. This step is part of the company’s broader efficiency strategy, aiming to focus resources on more profitable markets.
Huntsman is one of the leading global suppliers of speciality chemicals. Maleic anhydride is a key intermediate used in the production of resins, plasticisers and additives, including for applications in the coatings and adhesives industries.
