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
Source: MarketWatch
Trinseo (NYSE: TSE), a specialty material solutions provider, announced it has initiated an information and consultation process with the Works Council of Trinseo Deutschland GmbH regarding the potential closure of its styrene monomer production site in Boehlen, Germany.
H.B. Fuller Company announced that Celeste Mastin, Executive Vice President and Chief Operating Officer, will succeed Jim Owens as H.B. Fuller’s President and Chief Executive Officer, effective December 4, 2022. Upon assuming the role, Mastin will also join the Company’s Board of Directors, replacing Owens, who will be retiring.
New LyondellBasell CEO Peter Vanacker, who joined the company from Neste in May, today named his senior executive team and outlined organizational changes, including creation of a circular and low-carbon solutions business. All changes will be effective 1 October.
