15/03/2021 Press release
Total buys BASF’s 60% interest in condensate splitter in Port Arthur, Texas
Houston, March 15, 2021 — Total Petrochemicals & Refining USA, Inc. (TPRI) announced the acquisition of BASF’s 60% interest in the condensate splitter the two companies jointly own (Total: 40%, BASF: 60%) in Port Arthur, Texas.
Located within the Total Port Arthur refinery perimeter, this acquisition will allow Total to immediately capitalize on its access to competitively-priced U.S. light crudes and reinforce the synergies within the refinery.
* * *
Total is a broad energy company that produces and markets fuels, natural gas and electricity. Our 100,000 employees are committed to better energy that is more affordable, more reliable, cleaner and accessible to as many people as possible. Active in more than 130 countries, our ambition is to become the responsible energy major.
Media Relations: +33 1 47 44 46 99 l [email protected] l @TotalPress
Investor Relations: +44 (0)207 719 7962 l [email protected]
This press release, from which no legal consequences may be drawn, is for information purposes only. The entities in which TOTAL SE directly or indirectly owns investments are separate legal entities. TOTAL SE has no liability for their acts or omissions. In this document, the terms “Total”, “Total Group” and Group are sometimes used for convenience. Likewise, the words “we”, “us” and “our” may also be used to refer to subsidiaries in general or to those who work for them. This document may contain forward-looking information and statements that are based on a number of economic data and assumptions made in a given economic, competitive and regulatory environment. They may prove to be inaccurate in the future and are subject to a number of risk factors. Neither TOTAL SE nor any of its subsidiaries assumes any obligation to update publicly any forward-looking information or statement, objectives or trends contained in this document whether as a result of new information, future events or otherwise.