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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.

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