France's Advanced Plastic Recycling Era Begins With TotalEnergies

Benzinga_recent_news03-19 20:43

This initiative marks a significant step in converting the Grandpuits refinery into a zero-crude platform. The new plant, located southeast of Paris, has an annual capacity of 15,000 tons. It utilizes...

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It utilizes...</p>\n\n<a href=\"https://www.benzinga.com/markets/large-cap/26/03/51351849/frances-advanced-plastic-recycling-era-begins-with-totalenergies\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SMA","symbol_name":"Smartstop Self Storage REIT Inc","start_time":0,"source_url":"https://www.benzinga.com/markets/large-cap/26/03/51351849/frances-advanced-plastic-recycling-era-begins-with-totalenergies","article_id":"2620225930","we_media_id":null,"thumbnails":["https://cdn.benzinga.com/files/images/story/2026/03/19/TotalEnergies--Inx.jpeg?optimize=medium&dpr=2&auto=webp&width=240"],"rights":{"source":"benzinga_recent_news","url":"https://www.benzinga.com/markets/large-cap/26/03/51351849/frances-advanced-plastic-recycling-era-begins-with-totalenergies","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2620225930","pubTimestamp":1773924180,"columns":[],"sourceInfo":{"source_id":"benzinga_recent_news","name":"Benzinga"},"weMediaInfo":null,"summary":"TotalEnergies launches a 15,000-ton annual plastics recycling plant in France, part of its Grandpuits zero-crude platform and environmental impact reduction strategy.","collect":0,"end_time":0,"defaultTopTitle":"benzinga.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"SMA":"Smartstop Self Storage REIT Inc","IE00B19Z4B17.USD":"LEGG MASON ROYCE US SMALL CAP OPPORTUNITY \"A\" (USD) ACC","IE00B7SZL793.SGD":"Legg Mason Royce - US Small Cap Opportunity A Acc SGD-H","AEIS":"先进能源工业公司","LU1815336091.USD":"THREADNEEDLE (LUX) GLOBAL SMALLER COMPANIES \"AUP\" (USD) INC","IE00B66KJ199.SGD":"LEGG MASON ROYCE US SMALL CAP OPPORTUNITY  \" A\" (SGD) ACC","LU0757428866.USD":"THREADNEEDLE (LUX) GLOBAL SMALLER COMPANIES \"AE\" (USD) ACC","BK4157":"电子设备和仪器","IE0031619046.USD":"LEGG MASON ROYCE US SMALL CAP OPPORTUNITY \"A\" (USD) INC","BK4217":"自存仓储房地产信托"},"translate_title":"法国先进的塑料回收时代始于TotalEnergies","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SMA":1,"AEIS":1.5},"content_text":"This initiative marks a significant step in converting the Grandpuits refinery into a zero-crude platform.\nThe new plant, located southeast of Paris, has an annual capacity of 15,000 tons. It utilizes innovative recycling technology to convert hard-to-recycle plastic waste into synthetic oil. \nThis synthetic oil will serve as a petrochemical feedstock, allowing the production of recycled plastics that meet stringent quality requirements for food contact and medical applications.\nNotably, TotalEnergies has partnered with Citeo and Paprec in 2023 to ensure a steady supply of plastic waste for the plant, which is part of a broader strategy to reduce environmental impact. \nValérie Goff, Senior Vice President, Renewables, Fuels & Chemicals at TotalEnergies added, “The start-up of the first advanced plastics recycling plant in France is an important milestone in the conversion of our Grandpuits site into a zero-crude complex. Alongside Plastic Energy, contributing its technology, and our partners Citeo and Paprec, we are supporting the emergence of a brand-new French plastic recycling activity,” \nThis week, the company started production at Angola's Quiluma offshore gas field, its first non-associated gas development.\nThe project is expected to produce about 330 million cubic feet per day, supplying the Angola LNG plant and supporting exports to Europe and Asia.\nThe broader market experienced declines on Wednesday, with the S&P 500 falling 0.26% and the Nasdaq down 0.44%. TotalEnergies’ shares are moving higher despite this downturn, indicating that the company’s news may be driving investor interest independently of the broader market trends.\nThe stock is currently trading 10.2% above its 20-day simple moving average (SMA) and 27.4% above its 100-day SMA, demonstrating longer-term strength. Shares have increased 35.25% over the past 12 months and are currently positioned closer to their 52-week highs than lows.\nTotalEnergies SE is slated to provide its next financial update on April 29, 2026 (estimated).\nAnalyst Consensus & Recent Actions: The stock carries a Hold Rating with an average price target of $70.40. Recent analyst moves include:\nSignificance: Because TTE carries significant weight in these funds, any significant inflows or outflows for these ETFs will likely force automatic buying or selling of the stock.\nTTE Stock Price Activity: TotalEnergies shares were up 2.67% at $89.22 during premarket trading on Thursday, according to Benzinga Pro data.\nPhoto via Shutterstock \nTo add Benzinga News as your preferred source on Google, click here.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"corporation","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.36.2","shortVersion":"4.36.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2620225930","isCrawlerRequest":true}