Total SA Plans Closing Steam Cracker Plant In Carling France

Total to close steam cracker at Carling, France

12:03 PM, 5th September 2013
Total SA Business News

PARIS, FRANCE: Total SA will shut a money-losing steam cracker at Carling in France and invest €160 million ($211 million) in making resin and polymers at the site in a bid to boost profitability of petrochemicals production. The closure in the second half of 2015 will result in a net loss of 210 jobs without redundancies.

The Carling site will become Total’s European centre for resin production through its Cray Valley Company. The move will ensure delivery to local customers of ethylene and propylene that was made by the steam cracker. Lack of investment and a rapid souring of the market led to a decline of activity at the site condemning the job cuts.

“The European petrochemicals market is facing continued overcapacity and growing international competition,” said Patrick Pouyanne, Head of Refining and Chemicals, Total.

© Bloomberg News 



Your Comments (Up to 2000 characters)
Please respect our community and the integrity of its participants. WOC reserves the right to moderate and approve your comment.

Related News

Arkema constructs low global warming potential refrigerant gas plant

COLOMBES, FRANCE: Arkema is moving forward with the construction of a 1234yf low global warming potential (LGWP) refrigerant gas production plant with ...

Read more
Scientists explain new type of chemical reaction

CAMBRIDGE, US: Previous studies have shown the existence of 36 basic types of chemical reactions. Researchers at MIT and the University of Minnesota h ...

Read more
Rockwood completes sale of advanced ceramics business

PRINCETON, US: Rockwood Holdings Inc has completed the sale of CeramTec, its advanced ceramics business to Cinven, a European private equity firm for ...

Read more
Innospec acquires Chemsil, Chemtec; strengthens personal care business

LITTLETON, US: Innospec Inc has acquired Chemsil Silicones Inc and the Chemtec Chemical Co, from its private owners. Chemsil develops and markets sili ...

Read more
BASF opens new research centre in Research Triangle Park, US

LUDWIGSHAFEN, GERMANY/RESEARCH TRIANGLE PARK, US: BASF opened its new research facilities in Research Triangle Park (RTP), North Carolina, US. This $3 ...

Read more
Makhteshim Agan makes two appointments in Europe

TEL-AVIV, ISRAEL/SCHAFFHAUSEN, SWITZERLAND: The Makhteshim Agan Group (MAI), the world leader in branded off-patent crop protection solutions, has two ...

Read more uses cookies to ensure that we give you the best experience on our website. By using this site, you agree to our Privacy Policy and our Terms of Use. X