PARIS- French energy major Total said it had acquired unlisted plastics recycling company Synova for an undisclosed amount, in a move that expands Total's plastics recycling business and helps to curb plastics waste.
Synova produces around 20,000 tonnes of high-grade polypropylene from recycled plastics for car manufacturers.
Total said combining Synova's recycling know-how with its expertise in polymers, used in making plastics and other objects, will increase the supply of recycled polypropylene for the auto industry.
(Reporting by Bate Felix; Editing by Sudip Kar-Gupta) ((bate.felix@thomsonreuters.com; +33 1 49 49 55 70; Reuters Messaging: bate.felix.reuters.com@reuters.net; Twitter: @BateFelix))
