Home / Knowledge / News / Company / Total to invests €160mn in Carling petrochemical platform
Total to invests €160mn in Carling petrochemical platform
07
Sep '13
Total intends to invest €160 million before 2016 to adapt its petrochemical platform in Carling, in the Lorraine region of eastern France, and to restore its competitiveness.

Total plans indeed to develop new activities on the platform in the growing markets for hydrocarbon resins (Cray Valley) and for polymers, while shutting down the acutely loss-making steam cracker* in the second half of 2015.

In this way, Carling will become a leading European center in the hydrocarbon resins and polymers market.

“Total has a project for the future of the Carling petrochemical platform and the surrounding region,” explains Patrick Pouyanné, President Refining & Chemicals and member of the Executive Committee of Total.

“The European petrochemicals market is facing continued overcapacity and growing international competition. In such context, it is our industrial responsibility to anticipate and adapt our production capacities to demand. Our project for Carling will leverage the platform’s strengths, its industrial capabilities and the expertise of its teams in order to develop a profitable production facility.

“By making Carling the European center for the hydrocarbon resin business and a leading European polymers plant as part of an extensive investment plan, we are confirming our willingness to maintain sustainable industrial activities in France while investing in promising markets. Total is bringing a new ambition to Carling.”

The Carling platform will become the European center for Cray Valley hydrocarbon resins. The platform will host:

-The European decision-making center.
-The European Research & Development activities.
- A new production unit for Ricon and Krasol (C4 resins), designed to capture the growth in demand for touch screen additives, high performance tires and lubricants.
-The existing Norsolene (C9 resins) unit for adhesives will be transformed to produce high-quality Waterwhite transparent resins.


Must ReadView All

Pic: Shutterstock

Textiles | On 28th Jan 2021

Global FDI fell by 42% in 2020, outlook weak: UNCTAD

Uncertainty over the pandemic's evolution and the global investment...

Pic: Shutterstock

Apparel/Garments | On 28th Jan 2021

3.5 lakh Bangla RMG workers lost jobs during pandemic

Around 350,000 garment workers in Bangladesh lost jobs during the...

Pic: American Eagle Outfitters

Retail | On 28th Jan 2021

AEO targets revenues worth $5.5 bn in FY23

American Eagle Outfitters is aiming at revenues worth $5.5 billion...

Interviews View All

Ghanshyam Ghoghari, Kimora Fashion

Ghanshyam Ghoghari
Kimora Fashion

Bridalwear is not about reds and whites anymore

Victor Chao, Esmetex

Victor Chao
Esmetex

‘In future, clothing boundary lines will become increasingly blurred.’

Textile Industry, Head honchos

Textile Industry
Head honchos

Increased need for online fitting solutions as retailers shift to...

Pietro Turrin,

Pietro Turrin

Industrie Tessili Bresciane (ITB) has served numerous industries and...

Ronald Van Den Broek,

Ronald Van Den Broek

Headquartered in Japan, Mimaki Engineering Co. Ltd. manufactures and...

Uhan Soebiantoro,

Uhan Soebiantoro

Luckytex is an integrated textile manufacturing company founded by...

Dave Rousse, INDA

Dave Rousse
INDA

INDA, the Association of the Nonwoven Fabrics Industry, serves hundreds of ...

Luis Quijano, Liberty University

Luis Quijano
Liberty University

Focusing on bold patterns and colour palettes, Luis Quijano, a student at...

Sameer Sonkusale & Rachel Owyeung, Tufts University

Sameer Sonkusale & Rachel Owyeung
Tufts University

A team at the Tufts University in Massachusetts was recently in news for...

Madhu Jain, Madhu Jain

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Adriano Goldschmied, AG Jeans

Adriano Goldschmied
AG Jeans

The hype around 'designer jeans' was created by him. And the new wave of...

Vaanee Bhatia, Gritstones Clothing

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


January 2021

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search