Published Apr 16, 2015
Total is investing €200 million to transform its La Mède refinery into France’s first biorefinery, the company announced on Thursday.
The new biorefinery will be one of the biggest in Europe and should help Total meet growing demand forbiofuels, according to company officials.
Total says it will maintain some petroleum product refiningoperations at the site. However, it will halt the processing of crude oil by the end of 2016, citing heavy financial losses.
“There are three possible responses to the crisis in the Europeanrefining industry," said Total CEO Patrick Pouyanné.
"The first is to throw in the towel. The second is to do nothing and perish. The third is to innovate and adapt to meet shifting demand trends."
Read more: http://www.hydrocarbonprocessing.com/Article/3445529/Latest-News/Total-to-convert-La-Mde-refinery-to-biodiesel-plant.html