Total to Invest $1.7 Billion to Expand Petrochemicals Activities in Texas
March 27 2017 - 11:10AM
Dow Jones News
LONDON--Total S.A. (FP.FR) said Monday it got into a 50/50 joint
venture with Borealis and Nova to build an ethane steam cracker and
a new Borstar polyethylene unit on the U.S. gulf coast.
The new cracker requires an investment of $1.7 billion, the
company said.
Shares at 0540 GMT down 0.1% at 4003.8 pence valuing the company
at GBP98.22 billion.
-Write to Olga Cotaga at olga.cotaga@wsj.com, Twitter
@OlgaCotaga
(END) Dow Jones Newswires
March 27, 2017 10:55 ET (14:55 GMT)
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