logo
Plus   Neg
Share
Email

Total To Double Production Capacity At Synova - Quick Facts

Total (TTA.L,TOT,TTFNF.PK) has decided to double the production capacity of its affiliate Synova to meet growing market demand for high-performance recycled materials. By early 2021, Synova will produce 40,000 tons per year of recycled polypropylene.

Valérie Goff, Senior Vice President Polymers at Total Refining & Chemicals, said: "This investment, which consolidates the acquisition of Synova in early 2019, marks a new milestone in our circular economy activities and contributes to our target of producing 30 percent recycled polymers by 2030 and Total's ambition to be the responsible energy major."

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
General Electric Co. filed a lawsuit against Siemens Energy AG, accusing the German power distribution company of stealing trade secrets for gas turbines. Siemens Energy allegedly used the information to get at least nine contracts to supply gas turbines to public utilities, and also covered up improper business gains. Following a court ruling, the U.S. Food and Drug Administration postponed the effective date for tobacco manufacturing companies to display new health warnings on cigarette packets and in advertisements, by additional 90 days. The warnings with color images is to promote greater public understanding of the negative health consequences of smoking. JPMorgan Chase & Co (JPM) reported strong results in the fourth quarter of 2020, with net profit up 42% largely driven by credit reserve releases of $2.9 billion. The Group said it ended the year with a CET1 ratio of 13.1% and capital above $200 billion, providing with meaningful capacity to further...
Follow RTT