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Stock impact report

Plastic Recycling: Total Acquires France’s Synova

TOTAL SA (TOT) 
Last total sa earnings: 2/7 04:01 pm Check Earnings Report
US:NYSE Investor Relations: total.com/en/investors
Company Research Source: Business Wire
PARIS--(BUSINESS WIRE)-- Regulatory News: Total (Paris:FP) (LSE:TTA) (NYSE:TOT) today announces that it has acquired Synova, a French leader in manufacturing high-performance recycled polypropylene for the automotive sector. Synova produces 20,000 tonnes per year of polypropylene that meets the highest quality standards of original equipment manufacturers and automakers from recycled plastics. Combining Synova’s recycling expertise and Total’s polymers know-how will increase the supply of recycled polypropylene for automotive applications that deliver the same performance as virgin polymers. “By contributing to the lighter weight of vehicles, plastics improve their energy efficiency and reduce CO2 emissions. Producing them from recycled materials will also meet the challenge of managing their end of life,” explained Bernard Pinatel, President Refining & Chemicals, Total. “The Show less Read more
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