Total to Invest More Than EUR500 Million to Convert French Refinery to Zero-Crude
September 24 2020 - 5:10AM
Dow Jones News
By Giulia Petroni
Total SE said Thursday that it would invest more than 500
million euros ($584.1 million) to convert its Grandpuits refinery
in France into a zero-crude platform for biofuels and
bioplastics.
The French energy company said crude refining at the platform
will be discontinued in the first quarter of 2021, while storage of
petroleum products will cease in late 2023.
The platform will be refocused on the production of renewable
diesel, bioplastics, plastics recycling and the operation of two
photovoltaic solar plants.
Service stations and airports in the Greater Paris region won't
be affected, according to the company, as they will be supplied by
other Total refineries.
Write to Giulia Petroni at giulia.petroni@wsj.com
(END) Dow Jones Newswires
September 24, 2020 04:55 ET (08:55 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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