TotalEnergies and global chemical company INEOS pledged to realign their stakes in production assets and logistics infrastructure in accordance to their production and internal use of ethylene in eastern France, according to a July 5 press release.
Total will sell its stake in the company’s assets in Lavéra to INEOS, as well as part of its interests in the ethylene pipeline and storage network connecting Total’s petrochemical sites in Feyzin and Carling, France.
The network connects to the INEOS site in Lavéra. Total and INEOS share a split ownership of the Lavéra steam cracker, and Total doesn’t use its share of production and instead opts to sell it to INEOS, mainly.
"This operation allows us to strengthen the links between our Feyzin and Carling petrochemical sites, with Feyzin becoming Carling’s integrated ethylene supplier, in line with our strategy to focus on our integrated platforms," said Jean-Marc Durand, senior vice president of TotalEnergies Refining Base Chemicals Europe.
TotalEnergies has interests in oil and biofuels, natural gas and green gases, renewables and electricity.
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