Total to convert Grandpuits refinery to biofuels and bioplastics

French oil major Total announced it's investing more than $583 million (500 million euros) to convert its Grandpuits, France, refinery into a zero-crude platform for biofuels and bioplastics.

Total said crude oil refining at Grandpuits would be discontinued in the first quarter of 2021 and the storage of petroleum products would end in late 2023.

It said that of the 400 jobs at Grandpuits and its associated Gargenville depot, 250 would be maintained after the conversion.

An additional jobs 15 will be created at Grandpuits in a packaging unit connected to the bioplastics unit. Total said there would be no forced redundancies and that it would use early retirement and internal staff moves.

Fuel for gas stations and airports in the Paris region will be supplied from other Total refineries.

$1 = 0.8575 euros

Reporting by Benjamin Mallet; Writing by GV De Clercq; Editing by Mark Potter

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