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 

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