Plastic Recycling: Total Acquires France’s Synova
18 Febrero 2019 - 4:30AM
Business Wire
Regulatory News:
Total (Paris:FP) (LSE:TTA) (NYSE:TOT) today announces that it
has acquired Synova, a French leader in manufacturing
high-performance recycled polypropylene for the automotive
sector.
Synova produces 20,000 tonnes per year of polypropylene that
meets the highest quality standards of original equipment
manufacturers and automakers from recycled plastics.
Combining Synova’s recycling expertise and Total’s polymers
know-how will increase the supply of recycled polypropylene for
automotive applications that deliver the same performance as virgin
polymers.
“By contributing to the lighter weight of vehicles, plastics
improve their energy efficiency and reduce CO2 emissions. Producing
them from recycled materials will also meet the challenge of
managing their end of life,” explained Bernard Pinatel, President
Refining & Chemicals, Total. “The acquisition of Synova is a
concrete proof of our commitment to developing plastic recycling.
It reinforces the activities we already carry out in recycling and
contributes to Total’s ambition to be the responsible energy
major.”
Total and Plastics Recycling
Total is a founding member of the Alliance to End Plastic
Waste, which brings together nearly 30 companies from across
the plastics and consumer goods value chain. They are committed
over $1.0 billion with the goal of investing $1.5 billion over the
next five years to help end plastic waste pollution in the
environment, particularly in the oceans.
The Group is working on all types of recycling in order to
emerge high-performance recycled polymers.
For example, Total produces Circular Compounds®, polypropylene
and polyethylene containing at least 50% recycled materials and
offering the same properties as virgin polymers.
Total is also associated with Citeo, Saint-Gobain and Syndifrais
in a project aiming at the emergence of a polystyrene recycling
system in France by 2020. The feasibility of a large-scale
production will be validated at our industrial sites in Carling
(France) and Feluy (Belgium).
In addition, Total is one of the world leaders in
bioplastics. Our joint venture Total Corbion PLA owns in
Thailand a plant with a capacity of 75,000 tonnes per year of PLA,
a 100% biobased, recyclable and biodegradable bioplastic.
About Total
Total is a major energy player, which produces and markets
fuels, natural gas and low-carbon electricity. Our 100,000
employees are committed to better energy that is safer, more
affordable, 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 S.A. directly or indirectly owns investments are separate
legal entities. TOTAL S.A. has no liability for their acts or
omissions. In this document, the terms “Total” and “Total Group”
are sometimes used for convenience where general references are
made to TOTAL S.A. and/or its subsidiaries. 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 S.A. 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
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