Daily Management Review

Total of France To Expand Petrochemical Manufacturing In The U.S.


06/14/2018


Amid the tariff introduction on steel import in the U.S., the France based company, Total finds ethane crackers as its growth plan.



Total of France To Expand Petrochemical Manufacturing In The U.S.
Total SA, an “energy conglomerate” of France, plans to add “petrochemical plants” along with “U.S. Gulf Coast” as an expansion project in the coming years, reported an executive figure from the company.
 
The above mentioned plans were revealed by the U.S. Chairman of Total, Christophe Gerondeau, during the “ground-breaking ceremony” marking a “new 1 million ton” annual ethane cracker. Total is building the cracker in its Port Arthur based refinery in Texas which produces “225,500 barrel” daily, while the location also houses a “steam cracker” unit which is jointly owned by BASF and Total.
 
The new ethane crackers are thought to hit production by 2020 and its cost is estimated at “$1.7 billion”. The Port Arthur based refinery supplied feedstock will go into the production of the ethane cracker while some of the feedstock will also be sourced from elsewhere, whereby the project intends to increase its supply capacity by an additional “625,000 tons per year”. While, Gerondeau added:
“We are in the final approval process of that expansion”.
 
Moreover, Total will not be increasing its “crude oil refining” portfolio in its “Port Arthur refinery”, whereas the focus will be turned on the development “petrochemical” line, informed the Refining and Chemicals President at Total, Bernard Pinatel. In his words:
“We love the U.S. for expansion in petrochemicals. It’s a country in which we’d like to further expand.”
 
The general manager of Port Arthur refinery, Bryan Canfield said that the tariff rates introduced on the import of steel by the current government of the U.S. mostly will leave the “ethane cracker” construction aside. Canfield staed:
“We don’t feel we’re very exposed”.
 
 
References:
reuters.com







Science & Technology

Amazon’s Ring gets in a privacy scandal

Facebook Is Creating A Stablecoin For Its WhatsApp Users

IBM offers to use the first quantum computer

Passport Numbers Of 5 Million Customers Hacked: Concedes Marriott

China Lifts Approval Freeze On New Video Games Launch

Concentrated Solar Plant System To Dispatch Electricity To The Grid On Demand

Unique Underground Transportation Tunnel Revealed By Elon Musk

Toyota is trying to revive demand for Prius

Deloitte: Smart speakers will show record sales in 2019

China takes the lead in quantum cryptography

World Politics

World & Politics

Brexit Hijack Is The Not Parliament’s Right

Macedonia ignites political crisis in Greece

Brazil turns right

Merkel’s Pledge Of A United Germany in 2019

Murder Suspects Of Jamal Khashoggi Put On Trial By Saudi Arabia

Japan is trying to save its population with robots and migrants

Germany closes the last coal mine

US launches investigation against Airbus