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Total May Divest More Specialty Chemical Businesses

8:15 AM MST | February 15, 2011 | Ian Young

Total is considering plans to divest additional specialty chemical businesses and focus the group's chemical activities on petrochemicals, according to a recent report in French newspaper Les Echos. No decision has been taken, but Total is at "a crossroads" and has to make a "strategic choice," says one source at Total, quoted by Les Echos. An internal debate is taking place within Total, the report says. Total declined to comment on the report. Total agreed in December 2010 to sell its coating resins and photocure resins businesses to Arkema...

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