Total Petrochemicals hopes to acquire Polimeri’s PS facility in Feluy, Belgium

24-Feb-10

France’s Total Petrochemicals hopes to acquire a polystyrene facility in Feluy, Belgium, after current owner Polimeri announced plans to close the plant, as per European Plastics News. Total’s decision to acquire the plant has been guided by concern about the “social impact of Polimeri’s decision. According to the proposed deal, Total would acquire the Polimeri facilities and the right to operate the production lines, with the exception of the EPS unit reactors. Total would continue to produce PS on behalf of Polimeri until the end of 2011 but would stop producing EPS by the end of September 2010.