MOSCOW (MRC) -- French energy giant Total has promoted Singaporean Liang Ting Wee to president and chief executive officer (CEO) of Total Oil Asia Pacific for its marketing and services division, overseeing the Asia-Pacific and Middle East, reported The Business Times.
The marketing and services division of Total develops and markets products primarily derived from crude oil, along with all associated services. Its solutions include lubricants, liquefied petroleum gas, bitumen and special fluids.
The division has close to 6,800 employees in the Asia-Pacific and Middle East, and serves customers through its retail network of around 2,400 service stations.
Based in Singapore, Mr Liang has also been appointed the country chair to represent all of the oil and gas major's business interests in the city-state. Total has a 600-strong local workforce in Singapore.
The group has been active in the Republic for 38 years, retailing petrochemicals, marketing liquefied natural gas, petroleum products, as well as trading oil, petroleum products, natural gas and power.
In December 2019, Total opened its regional headquarters at Frasers Tower along Cecil Street, spanning about 125,000 square feet. The group said then that the Singapore office will serve as a base to manage its liquefied natural gas business in the Asia-Pacific and its renewable energy business in Asia.
Both of Mr Liang's appointments took effect from Oct 1 this year. He replaces Christian Cabrol, who has assumed the role of CEO of Total Deutschland in Germany.
Mr Liang has more than 25 years of leadership experience in the energy sector.
Since joining Total in 2012, he has taken on senior management responsibilities in strategy development in the Asia-Pacific and Middle East, as well as profit-and-loss responsibilities covering markets in China, the Indian Ocean and the South Pacific.
Before working at Total, Mr Liang began his career as a refinery engineer in Singapore, and later joined the country's Economic Development Board.
As MRC wrote earlier, within the framework of its net zero strategy, Total will convert its Grandpuits refinery (Seine-et-Marne) into a zero-crude platform and will invest more then EUR500 mln into this project. By 2024 the platform will focus on four new industrial activities: production of renewable diesel primarily intended for the aviation industry, production of bioplastics, plastics recycling and operation of two photovoltaic solar power plants.
We remind that in November 2019, Total disclosed that itis evaluating construction of a new gas cracker at its Deasan, South Korea, joint venture (JV) with Hanwha Chemical.
Ethylene and propylene are feedstocks for producing polyethylene (PE) and polypropylene (PP).
According to MRC's ScanPlast report, Russia's estimated PE consumption totalled 1,594,510 tonnes in the first nine months of 2020, up by 1% year on year. Only high denstiy polyethylene (HDPE) shipments increased. At the same time, PP shipments to the Russian market reached 880,130 tonnes in the nine months of 2020 (calculated using the formula: production minus exports plus imports, exluding producers' inventories as of 1 January, 2020). Supply increased exclusively of PP random copolymer.
Total S.A. is a French multinational oil and gas company and one of the six "Supermajor" oil companies in the world with business in Europe, the United States, the Middle East and Asia. The company's petrochemical products cover two main groups: base chemicals and the consumer polymers (polyethylene, polypropylene and polystyrene) that are derived from them.