Carling Platform: Total Will Respect Its Commitments Related to the Development of Resins Business Within the Group
Carling Platform: Total Will Respect Its Commitments Related to the Development of Resins Business Within the Group
PARIS--(BUSINESS WIRE)--
In response to information published by certain media that caused legitimate concerns at the Carling facility, Total (Paris:FP) (LSE:TTA) (NYSE:TOT) confirms that:
- There is no process under way to sell the Société Cray Valley.
- Total will respect the commitments made in 2013 during Carling’s restructuring concerning the global C4 resin (Ricon, Krasol) and RW resin (Cleartrac) businesses, which are to continue their development within the Group.
Total reaffirms its commitment to the Carling petrochemical platform and its Region. Since the 2013 investment, the Carling platform has grown by focusing on specialty resins, value-added polymers intended primarily for the automotive industry and by also consolidating its position as Total's main Polystyrene production site in Europe.
In addition, a voluntary economic and social development agreement, signed with the French government, the Grand Est region and local communities, has enabled several third-party industrial projects to be set up at Carling. The four projects, led by the companies Metex, Afyren, SNF Coagulants and Quaron, together represent an investment of €125 million and the creation of 143 jobs at the site.
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About Total
Total is a broad energy company that produces and markets fuels, natural gas and electricity. Our 100,000 employees are committed to better energy that is more affordable, more reliable, cleaner and accessible to as many people as possible. Active in more than 130 countries, our ambition is to become the responsible energy major.
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This press release, from which no legal consequences may be drawn, is for information purposes only. The entities in which TOTAL SE directly or indirectly owns investments are separate legal entities. TOTAL SE has no liability for their acts or omissions. In this document, the terms “Total”, “Total Group” and Group are sometimes used for convenience. Likewise, the words “we”, “us” and “our” may also be used to refer to subsidiaries in general or to those who work for them.
This document may contain forward-looking information and statements that are based on a number of economic data and assumptions made in a given economic, competitive and regulatory environment. They may prove to be inaccurate in the future and are subject to a number of risk factors. Neither TOTAL SE nor any of its subsidiaries assumes any obligation to update publicly any forward-looking information or statement, objectives or trends contained in this document whether as a result of new information, future events or otherwise.
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