LONDON--Total S.A. (FP.FR) said Monday it got into a 50/50 joint venture with Borealis and Nova to build an ethane steam cracker and a new Borstar polyethylene unit on the U.S. gulf coast.

The new cracker requires an investment of $1.7 billion, the company said.

Shares at 0540 GMT down 0.1% at 4003.8 pence valuing the company at GBP98.22 billion.

 

-Write to Olga Cotaga at olga.cotaga@wsj.com, Twitter @OlgaCotaga

 

(END) Dow Jones Newswires

March 27, 2017 10:55 ET (14:55 GMT)

Copyright (c) 2017 Dow Jones & Company, Inc.
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