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TotalEnergies and INEOS, two leading companies in the petrochemical sectors, have signed agreements to make some adjustments to their ownership stakes in their production assets and logistics infrastructure in eastern France.

The exchange of interests will be beneficial for TotalEnergies as it will help integrate its petrochemical sites located in Feyzin and Carling in France. On the other hand, INEOS will be able to enhance its operations at the Lavera site situated on the Mediterranean coast. This realignment of interests between the two companies will ultimately lead to improved integration between their respective sites that produce and use ethylene in eastern France. These sites are connected via a pipelines and storage network that originates from Lavera, passes through Feyzin, and finally reaches Carling.

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TotalEnergies currently owns a 50 percent stake in the Lavera steam cracker. However, they do not utilize their share of production and instead sell it mainly to INEOS. In order to align their production and internal use of ethylene, TotalEnergies is planning to sell its stake in Lavera assets to INEOS. Furthermore, TotalEnergy will continue to operate the pipeline and storage network of ethylene in Eastern France.

TotalEnergies has emphasized the importance of the Feyzin petrochemical platform and their commitment to consolidating their role as the integrated supplier of ethylene to the Carling platform. It is important to note that this agreement will not have any impact on TotalEnergies' refining and petrochemical sites.

According to Jean-Marc Burand, TotalEnergies' Senior Vice President of European Refining Base Chemical, the company is planning to strengthen the link between its Feyzin and Carling petrochemical sites. The proposed operation aligns with the company's priority of integrating the platforms. However, before the project can be implemented, consultations with employee representatives and necessary approvals from the relevant authorities must be obtained.

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According to Procurement Resource, TotalEnergies, and INEOS are making the adjustment to the ownership stakes of their petrochemical sites in Eastern France. TotalEnergies is planning to sell its share in Lavera assets to INEOS and continue its operation in the pipeline and storage network in eastern France.