Total creates major petrochemical company in the US

French oil giant Total is joining forces with two partners to establish a large US petrochemical firm.

France's Total, which acquired the oil and gas activities from Maersk last year, has an ambition to grow in the US. One way of achieving this will be in a joint venture in petrochemicals – or plastic production.

Along with the chemical companies Borealis and Nova Chemicals, Total aims to build a large, petrochemical company on the southern coastline of the US. The project was first heralded in 2017 and has now been approved by the three firms. It will cover the construction of a USD 1.7 billion production plant.

Read the whole article

Get 14 days free access.
No credit card required.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

Danish carbon storage can run at max from day one

TotalEnergies can't see the need to pilot carbon storage under the Harald field in the Danish North Sea. Rather, the supermajor wants to begin at full scale if the Bifrost project manifests. Although much now depends on two forthcoming events: presentation of political strategy and allocation of EUDP money.

Europe’s carbon price has almost tripled in 2021

European carbon futures rose above EUR 80 a tonne on Friday for the first time, testing the resolve of politicians who are promising to act aggressively on climate change while grappling with inflation that’s tearing into economies across the globe.

Further reading

Related articles

Latest News

See all jobs