TotalEnergies and INEOS sign agreements to realign their respective interests in their production assets and logistics infrastructure to better reflect the balance between their production and internal use of ethylene in Eastern France. For TotalEnergies, this exchange of interests supports the integration of its petrochemical sites at Feyzin, near Lyon, and Carling in eastern France, while INEOS strengthens its activities at the Lavéra site on the Mediterranean coast.
TotalEnergies and INEOS: realignment of interests to improve integration
The sites of the two companies that produce and use ethylene in eastern France are linked by a network of pipelines and storage facilities that begins at Lavéra in southeastern France, passes through Feyzin and ends at Carling in the northeast. However, TotalEnergies does not use its share of production from the Lavéra steam cracker, owned equally (50/50) with INEOS, and sells it mainly to INEOS. In order to realign the two companies’ production and internal use of ethylene, TotalEnergies will sell its interest in the Lavéra assets to INEOS, as well as part of its interest in the ethylene pipeline and storage network in eastern France, which TotalEnergies will continue to operate.
TotalEnergies reaffirms the key role of the Feyzin petrochemical platform
Within TotalEnergies, the company is consolidating the key role of the Feyzin petrochemical platform as an integrated supplier of ethylene to the Carling platform. The agreement will have no operational impact on TotalEnergies’ refining and petrochemicals sites.
“This transaction enables us to strengthen the links between our Feyzin and Carling petrochemical sites, with Feyzin becoming Carling’s integrated ethylene supplier, in line with our strategy of focusing on our integrated platforms,” said Jean-Marc Durand, TotalEnergies’ Senior Vice President for Refineries and Base Chemicals in Europe.
Implementation of this project is subject to prior consultation with employee representatives and approval by the relevant authorities.
