Total to own all of Fina Antwerp Olefins
Total, through its 100% affiliate PetroFina SA, has agreed to acquire the 35% interest held by ExxonMobil Petroleum & Chemical BVBA in Fina Antwerp Olefins.
The Fina Antwerp Olefins monomer plant in Antwerp, Belgium, processes naphtha, butane, and propane from Total’s nearby 360,000 b/d refinery. It can produce 1.415 million tonnes/year (tpy) of ethylene, 710,000 tpy of propylene, 90,000 tpy of benzene, 90,000 tpy of cyclohexane, and 50,000 tpy of toluene.
Total polymer plants at Antwerp and Feluy process products of Fina Antwerp Olefins.
After completion of the transaction, which is subject to approval of European competition authorities, Total will be sole owner of Fina Antwerp Olefins.