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Business

Ingevity to close Arkansas plant

by Matt Blois
August 15, 2024 | A version of this story appeared in Volume 102, Issue 25
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Ingevity is closing an oleochemical refining plant in Arkansas and moving the operations to a facility in South Carolina. That site produces chemicals from crude tall oil, a by-product of pulp and paper production. Ingevity expects the move to result in savings of up to $25 million per year. Last year, the company started shifting its focus from commodities toward higher-margin specialty chemicals. The plan included closing a plant in Louisiana last year.

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