Stmnt re Normandy Refinery

Total Fina Elf. 2 July 2002 TotalFinaElf pursues its strategy to modernise its Normandy Refinery € 120 M to be invested during September 2002 Main Shutdown Paris, July 2, 2002 - TotalFinaElf has launched a € 120 M major works programme at the Normandy Refinery, the Group's largest refinery in France. The programme will prepare this industrial site for the next stages in its modernisation. As part of this works programme scheduled for the forthcoming Main Shutdown in September 2002, some € 80 M will be allocated to modernisation investment and a further € 40 M to maintenance work. The modernisation investment is intended primarily to improve the quality of the production tool, and will fulfil the following objectives: - Adapting the refining plants to the latest European specifications for low- sulphur fuels. - Increasing further the safety of the plants' operation. - Minimising the plants' impact on the environment. Adapting the refining facilities to the 2005 and 2008 latest standards, at a cost of € 50 M, will involve a distillation plant and a desulphiding plant, both already in operation, as well as the catalytic cracker and its new gasoline processing and fractionating plant. In parallel, major safety investment will be carried out. The Refinery, which has just automated its bitumen production and loading system, will be replacing the control system of a distillation plant and transfer it to a blast-proof control centre protected from toxic risk. A new centralised control system will also be installed to fulfil the site's energy requirements. Finally, in order to integrate cogeneration currently under construction in partnership with EDF and ChevronTexaco, within the refinery's existing plants, a new joint network for water, steam, fuel and electricity requirements will be put in place. As regards environmental protection, a flare stack will be fitted with a new, more efficient combustion device, whilst a silencer will be installed on the catalytic cracker. During the Main Shutdown, the Refinery will maintain part of its refining plants in operation as well as the lubricant activity, one of the largest in Europe with a 520,000 tpa capacity. With this investment programme, the Normandy Refinery confirms both its desire to modernise its production tool into efficient and up-to-date facilities, and its commitment to the prevention of industrial risks and the protection of the environment. Finally, TotalFinaElf is consolidating its position as a major local player, and demonstrating its industrial dynamism and its contribution to the development of the Normandy region. With a 1,100-strong workforce, the Normandy Refinery is the Group's largest refinery among its 12 refineries in Europe. Every year, it processes 16 million tonnes of crude oil, i.e. 1/6th of the French petroleum product market. It produces almost 200 different products, including ultra high octane unleaded petrol, aviation fuel, low sulphur diesel oil and heating oil, heavy fuels, liquid petroleum gas, and bitumen. Also involved in the biofuel sector, the Refinery produces 59,000 tonnes of ETBE, a green fuel processed from agricultural ethanol and from iso butylene produced during refining. It also holds a major place in the international market of Northern Europe and Atlantic countries. TotalFinaElf is a major player in the region's economy through its research centres, petrochemicals and chemicals production sites, fuel distribution activities, and service stations network, in addition to its refining operations. This information is provided by RNS The company news service from the London Stock Exchange
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