News Post
Total begins restart of La Mede refinery in France as worker strikes end
By TARA PATEL
Bloomberg
Total,
Europe’s biggest refiner, is taking preliminary steps to restart its La Mede plant in southern France, which was halted in June by a strike.
“The installations will gradually move towards normal activity during the month of August,” a company spokesman said by telephone Wednesday.
La Mede was idled June 11 due to a strike by workers led by the CGT union to protest the company’s plan to stop processing crude at the
refinery. Total plans to convert the unprofitable plant near Marseille to process
biofuels, part of a plan that will also reconfigure its Donges
refinery on the Atlantic coast.
Total reported second-quarter profit July 29 that almost matched year-earlier results as higher margins at its
refining business helped offset a 50% slump in crude prices. Chief financial officer Patrick de La Chevardiere said the company’s average
European refining margin was above $50/ton in July.
Under its plans for French
refining unveiled in April, Total will invest 200 million euros ($217 million) at La Mede for a bio
refinery that will process 500,000 tpy of fuel. Processing of crude oil will stop at the end of next year and the company will cut 180 jobs at the site without firing any workers, it said.
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