French oil major Total said Wednesday it is launching a bioplastics manufacturing company with Amsterdam-listed Corbion NV.
Total and Corbion will each own 50% of the new company that will be based in the Netherlands and will produce and market polylactic polymers made out of sugar or starch, the two firms said. The two partners will build a factory with an annual capacity of 75,000 tons in Thailand.
The new firm will start operations in the first quarter of 2017.
The French oil major has invested in different projects related to renewable energies over the past few months in a bid to diversify from oil and gas. The company, which bought a green-energy utility in Belgium and a battery manufacturer, insisted all such projects will be profitable.
By Inti Landauro
Neste announced that the EU Innovation Fund has given a positive grant decision of €88-million funding to Neste’s green hydrogen and CO2 capture & storage project, which aims to quickly and efficiently reduce greenhouse gas emissions at the Porvoo refinery in Finland.
Shell has been incorporated in the UK with Dutch tax residence and dual share structure since 2005. Under its new proposal, which shareholders will vote on in December, it will move its tax residence from the Netherlands to the UK, adopt a single share structure that will increase the amount of cash it can return to shareholders, and drop “Royal Dutch” from its name and simply be called Shell.
How are chemical elements produced in our Universe? Where do heavy elements like gold and uranium come from? Using computer simulations, a research team from the GSI Helmholtzzentrum für Schwerionenforschung in Darmstadt, shows that the synthesis of heavy elements is typical for certain black holes with orbiting matter accumulations.