REG-TotalEnergies SE United States: TotalEnergies and Borealis Start Up Baystar JV Polyethylene Unit

TotalEnergies SEAnnouncement

03/10/2023 09:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20231003:nBw6D1TGla&default-theme=true


United States: TotalEnergies and Borealis Start Up Baystar JV Polyethylene
Unit

 

TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) and Borealis celebrate the
start-up of their Baystar joint venture’s new 625,000 metric ton-per-year
Borstar® polyethylene (PE) unit, which more than doubles the current
production capacity at Baystar’s site in Bayport, Texas.

The new USD 1.4 billion unit completes the partners’ integrated
petrochemicals venture, which includes the expanded Bayport PE facility, and
the ethane cracker at the TotalEnergies Platform in Port Arthur, Texas.

The new PE unit, referred to as Bay 3, increases the Baystar site’s total
production to over one million tons per year, which includes two legacy
polyethylene production units. Bay 3 features the state-of-the-art proprietary
Borstar® 3G technology licensed in North America for the first time. Borstar
technology delivers advanced value-added polymers with enhanced sustainability
by enabling light-weighting and the incorporation of greater amounts of
post-consumer recycled materials in a variety of end products, serving the
energy, infrastructure and consumer products industries.

After the inauguration of the ethane cracker unit in Port Arthur last year,
the start-up of the new PE unit is the second milestone of this joint venture
aimed at establishing Baystar as a fully integrated U.S. petrochemical player.
The fruition of this venture also advances TotalEnergies ambition to grow in
the United States,” said Bernard Pinatel, President, Refining &
Chemicals, TotalEnergies.

“The arrival of Borealis’ proprietary Borstar technology in North America
by way of Baystar marks, in line with our owners’ strategies, a crucial step
for us in becoming a global leader in advanced and sustainable chemicals and
material solutions,” said Borealis CEO, Thomas Gangl. “Expanding and
deepening our footprint through Baystar enables us to better serve customers
and partners by offering improved access to Borstar based products produced
right here in North America.”

***

About TotalEnergies

TotalEnergies is a global multi-energy company that produces and markets
energies: oil and biofuels, natural gas and green gases, renewables and
electricity. Our more than 100,000 employees are committed to energy that is
ever more affordable, cleaner, more reliable and accessible to as many people
as possible. Active in nearly 130 countries, TotalEnergies puts sustainable
development in all its dimensions at the heart of its projects and operations
to contribute to the well-being of people.

@TotalEnergies
(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Ftwitter.com%2FTotalEnergies&esheet=53569093&newsitemid=20231003376084&lan=en-US&anchor=%40TotalEnergies&index=1&md5=e249d743c4c5b5bc4db590e17ed58c47)
l TotalEnergies
(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Ftotalenergies%2F&esheet=53569093&newsitemid=20231003376084&lan=en-US&anchor=TotalEnergies&index=2&md5=87986174a68e96ab5bfe96c2f7df561f)
l TotalEnergies
(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.facebook.com%2FTotalEnergiesFrance%2F&esheet=53569093&newsitemid=20231003376084&lan=en-US&anchor=TotalEnergies&index=3&md5=672918ac1dd681f346f7ff33477fa85c)
l TotalEnergies
(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.instagram.com%2Ftotalenergies%2F&esheet=53569093&newsitemid=20231003376084&lan=en-US&anchor=TotalEnergies&index=4&md5=0df36803502c43073b66cde11254da61)

Cautionary Note 

The terms “TotalEnergies”, “TotalEnergies company” or “Company” in
this document are used to designate TotalEnergies SE and the consolidated
entities that are directly or indirectly controlled by TotalEnergies SE.
Likewise, the words “we”, “us” and “our” may also be used to refer
to these entities or to their employees. The entities in which TotalEnergies
SE directly or indirectly owns a shareholding are separate legal entities.
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 TotalEnergies 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. Information concerning risk factors, that may affect
TotalEnergies’ financial results or activities is provided in the most
recent Universal Registration Document, the French-language version of which
is filed by TotalEnergies SE with the French securities regulator Autorité
des Marchés Financiers (AMF), and in the Form 20-F filed with the United
States Securities and Exchange Commission (SEC).

TotalEnergies Contacts 

Media Relations: +33 (0)1 47 44 46 99 l presse@totalenergies.com
(mailto:presse@totalenergies.com) l @TotalEnergiesPR 
(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Ftwitter.com%2FTotalEnergiesPR&esheet=53569093&newsitemid=20231003376084&lan=en-US&anchor=%40TotalEnergiesPR&index=5&md5=eabceb9540648f56053102158c15a0c4)

Investor Relations: +33 (0)1 47 44 46 46 l ir@totalenergies.com
(mailto:ir@totalenergies.com)



View source version on businesswire.com:
https://www.businesswire.com/news/home/20231003376084/en/
(https://www.businesswire.com/news/home/20231003376084/en/)

TotalEnergies SE


Copyright Business Wire 2023