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Total to shut down permanently HDPE line in Belgium

November 04/2014

MOSCOW (MRC) -- Total, Europes third-largest oil company, is in plans to permanently shut its high density polyethylene (HDPE) line, as per Apic-online.

A Polymerupdate source in Belgium informed that the line is planned to be shut by this year-end. The plant will be shut permanently owing to weak margins which have arisen on account of cheap imports in the region.

Located at Antwerp in Belgium, the line has a production capacity of 70,000 mt/year.

As MRC informed earlier, Total, Europes third-largest oil company, intends to invest EUR160m before 2016 to adapt its petrochemical platform in Carling, in the Lorraine region of eastern France, and to restore its competitiveness.

Total S.A. is a French multinational oil and gas company and one of the six "Supermajor" oil companies in the world with business in Europe, the United States, the Middle East and Asia. The company's petrochemical products cover two main groups: base chemicals and the consumer polymers (polyethylene, polypropylene and polystyrene) that are derived from them.
Author:Margaret Volkova
Tags:PE, oil, propylene, HDPE, ethylene, petrochemistry, Total Petrochemicals, Belgium, France.
Category:General News
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