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
Neste Corporation’s Board of Directors has appointed Heikki Malinen, M.Sc. (Econ.), MBA (Harvard) as the President and CEO of Neste as of 2 November 2024, at the latest. Malinen joins Neste from Outokumpu Corporation where he has held the position of President and CEO since 2020.
Petrochemicals company Sasol has announced that CFO and executive director Hanré Rossouw will step down from his position, effective October 31. Sasol has started the process to appoint a successor. Rossouw will still oversee the publication of Sasol’s reports for the financial year ending June 30, to allow for a structured handover period.
Chemours announced its CFO Jonathan Lock has resigned from all positions within the company, according to an SEC 8-K filing on April 23. The resignation comes in the aftermath of the company announcing that Lock, former CEO Mark Newman, and principal accounting officer Camela Wisel, had been placed on administrative leave.
