MOSCOW (MRC) -- French Total, Europe’s third-largest oil company, is in plans to start a new polystyrene (PS) plant in China, reported Apic-online.
A Polymerupdate source in China informed that the plant is lanned to be started in September 2015.
To be located at Ningbo, China, the plant is expected to have a production capacity of 200,000 mt/year.
As MRC informed previously, Total will permanently shut its high density polyethylene (HDPE) line in Belgium. The plant will be shut 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.
Besides, Total 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.
MRC