REG-TOTAL Carling Platform: Total Will Respect Its Commitments Related to the Development of Resins Business Within the Group

TotalEnergies SEAnnouncement

21/10/2020 09:20

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20201021:nBw7zbRtDa


Carling Platform: Total Will Respect Its Commitments Related to the
Development of Resins Business Within the Group

 

In response to information published by certain media that caused legitimate
concerns at the Carling facility, Total (Paris:FP) (LSE:TTA) (NYSE:TOT)
confirms that:


 * There is no process under way to sell the Société Cray Valley.

 * Total will respect the commitments made in 2013 during Carling’s
restructuring concerning the global C4 resin (Ricon, Krasol) and RW resin
(Cleartrac) businesses, which are to continue their development within the
Group.

Total reaffirms its commitment to the Carling petrochemical platform and its
Region. Since the 2013 investment, the Carling platform has grown by focusing
on specialty resins, value-added polymers intended primarily for the
automotive industry and by also consolidating its position as Total's main
Polystyrene production site in Europe.

In addition, a voluntary economic and social development agreement, signed
with the French government, the Grand Est region and local communities, has
enabled several third-party industrial projects to be set up at Carling. The
four projects, led by the companies Metex, Afyren, SNF Coagulants and Quaron,
together represent an investment of €125 million and the creation of 143
jobs at the site.

* * * * *

About Total

Total is a broad energy company that produces and markets fuels, natural gas
and electricity. Our 100,000 employees are committed to better energy that is
more affordable, more reliable, cleaner and accessible to as many people as
possible. Active in more than 130 countries, our ambition is to become the
responsible energy major.

Cautionary Note

This press release, from which no legal consequences may be drawn, is for
information purposes only. The entities in which TOTAL SE directly or
indirectly owns investments are separate legal entities. TOTAL SE has no
liability for their acts or omissions. In this document, the terms
“Total”, “Total Group” and Group are sometimes used for convenience.
Likewise, the words “we”, “us” and “our” may also be used to refer
to subsidiaries in general or to those who work for them.

This document may contain forward-looking information and statements that are
based on a number of economic data and assumptions made in a given economic,
competitive and regulatory environment. They may prove to be inaccurate in the
future and are subject to a number of risk factors. Neither TOTAL SE nor any
of its subsidiaries assumes any obligation to update publicly any
forward-looking information or statement, objectives or trends contained in
this document whether as a result of new information, future events or
otherwise.

Total 

Media Relations: +33 1 47 44 46 99 l presse@total.com
(mailto:presse@total.com) l @TotalPress

Investor Relations: +44 (0)207 719 7962 l ir@total.com (mailto:ir@total.com)



View source version on businesswire.com:
https://www.businesswire.com/news/home/20201021005338/en/
(https://www.businesswire.com/news/home/20201021005338/en/)

Total


Copyright Business Wire 2020