Total plans to build two 30,000 tons/year resin business production lines

Global Coatings Network News:

Total announced in 2013 that it plans to invest 160 million euros in the rectification of its petrochemical platform in Carling, Lorraine, eastern France by 201 "As part of the outreach investment plan, building Carling into a European center for the hydrocarbon resin business and a leading European polymer factory can help us maintain sustainable industrial activities in France and invest in markets with considerable development potenti.

Regarding the Polyblend transaction, a Total spokesperson said: "The acquisition of Polyblend represents the addition of another asset to the Carling plant, which will greatly facilitate the transfer of know-h.

"This acquisition will strengthen Total's market position and enable Total to acquire Polyblend's proprietary technology in compounding; the'mixed glass fiber' technology, which is a high-growth area that Total has not yet involved .

"The trend of lightweight cars and the urgent need for car manufacturers to reduce carbon dioxide emissions provide growth opportunities for this high-tech PP ble.

After passing the approval of the German competition agency, the transaction is expected to be finalized in February 201

Polyblend currently has 91 employees and has an annual production capacity of 83,000 tons of compounding ingredien.

A spokesperson for French oil and gas giant Total stated that Total has signed a contract to acquire a 68% stake in Polyblend, a subsidiary of German Polymer-Chem.

Total stated that the company has not yet produced Polyblend polyolefin-enhanced blends, but has begun to build two resin business production lines with a combined production capacity of 30,000 tons/year at the Carling production base in Lorraine, which is expected to be put into operation in the spring of 201 (Source: Global Coatings Network) (For more information, please log in: Global Coatings Network http:// )