TotalEnergies: a start-up in the US and a new strategic alliance in the UAE

Bayport Polymers LLC (“Baystar”), a 50/50 joint venture between TotalEnergies and Borealis, announced the start-up of commercial operations of a new ethane cracker with an annual production capacity of one million tons of ethylene. This almost $2 billion project built on the site of and operated by the TotalEnergies Refinery in Port Arthur, Texas, represents 14 million hours worked with more than 2,500 workers at peak construction.

The ethylene produced by the cracker will be used as feedstock to supply Baystar’s existing polyethylene units, as well as a new Borstar technology polyethylene unit currently under construction in Bayport, Texas.

“After significant investments in US LNG and renewable electricity in 2022, the start-up of this new cracker is another milestone strengthening TotalEnergies’ presence in the United States. This investment is in perfect alignment with our strategy to develop petrochemicals at our integrated platforms. At Port Arthur we take advantage of the abundance of ethane in the US,” said Bernard Pinatel, President, Refining & Chemicals, TotalEnergies.

United Arab Emirates: TotalEnergies and ADNOC Expand Strategic Alliance

TotalEnergies and Abu Dhabi National Oil Company (ADNOC) have signed a strategic partnership agreement that aims to jointly evaluate new growth opportunities in the following areas: development of oil and gas projects in the UAE to ensure sustainable energy supply to the markets and contribute to global energy security; supply of diesel from the UAE to France; prospects for a commercial carbon capture, utilization, and storage (CCUS) project in the UAE.

“I am pleased that TotalEnergies is reaffirming and expanding its strategic collaboration with the United Arab Emirates through a multi-energy cooperation with ADNOC, our long-standing partner in the UAE. Our partnership across the entire energy value chain allows our two companies to join forces to contribute to the energy supply of global markets, while reducing carbon emissions from our operations”, said Patrick Pouyanné, Chairman and CEO of TotalEnergies. “TotalEnergies is a longstanding strategic partner, and we are very pleased to build on our successful partnerships through this agreement as the UAE and France strengthen energy cooperation. The agreement offers the potential to accelerate growth and create greater and more sustainable value for our mutual benefit. We look forward to working with TotalEnergies to unlock the opportunities presented by the agreement across the energy value chain to enable more secure, affordable and sustainable energy for our countries and the world,” said  Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology and ADNOC Managing Director and Group CEO.