MOSCOW (MRC) -- Total has decided to double the production capacity of its affiliate Synova to meet growing market demand for high-performance recycled materials, said the company.
By early 2021, Normandy-based Synova, a French leader in its sector, will produce 40,000 tons per year of recycled polypropylene that meets the demanding quality standards of automotive OEMs and carmakers.
"Among their many qualities, plastics help to reduce the weight of everyday items, improving their energy efficiency, and to shrink our carbon emissions. By developing the share of recycled raw materials, we provide a concrete response to the challenge of managing the end-of-life of plastics,” said Valerie Goff, Senior Vice President Polymers at Total Refining & Chemicals. "This investment, which consolidates the acquisition of Synova in early 2019, marks a new milestone in our circular economy activities and contributes to our target of producing 30% recycled polymers by 2030 and Total’s ambition to be the responsible energy major."
As it was written earlier, Synova, a Paris-based plastic recycling company was purchased by Total for undisclosed amount in February 2019.
According to MRC's ScanPlast report, the PP consumption in the Russian market was 909,260 tonnes in January-August 2019, up by 10% year on year. Shipments of PP block copolymer and homopolymer PP increased.
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.
MRC