Friday, June 21, 2024
Energy Transition Outlook Report 2023
HomeRenewables3TCINEOS acquires TotalEnergies’ petrochemical assets in Southern France

INEOS acquires TotalEnergies’ petrochemical assets in Southern France

Chemical giant INEOS has acquired TotalEnergies’ petrochemical assets at the Lavera site in Southern France.

The deal includes Naphtachimie, Gexaro, Appryl and other infrastructure assets.

Naphtachimie operates one of Europe’s largest steam crackers, capable of producing 720,000 tonnes of ethylene annually.

Gexaro specialises in aromatics business with a capacity of 270,000 tonnes, while Appryl focuses on polypropylene production with an annual capacity of 300,000 tonnes.

Additionally, as part of the agreement, INEOS will acquire the southern sections of TotalEnergies‘ ethylene pipeline network, spanning from Lavéra to the Lyon region.

The central and northern sections will be jointly held by both companies.

Energy Live News
Energy Live News
This article first appeared on Energy Live News, an award winning news service. Their mission is to give you balanced news, analysis, commentary of energy from their dedicated team of quality journalists and production staff.
- Advertisment -
Energy Jobline LinkedIn

Most Popular

Recent Comments