The French oil giant Total is one of the world’s six largest oil companies, other oil companies including Shell, BP, Chevron, Mobil.

Total’s business scope covers the entire oil and gas industry chain, from the exploration and development of crude oil and natural gas to power generation, transportation, refining and sales of petroleum products and crude oil and products trading, Total is also a large scale chemical producer.

Total and Amsterdam listed CorbionNV company will be combined with production and sales of polylactic acid (PLA). Before, Corbion is a bio based lactic acid and lactic acid derivatives and lactide company. The two sides plan to set up in the Corbion factory in Thailand, with an annual output of 75000 tons of polylactic acid. At the same time, the two sides will set up a joint venture company has 50% in Holland, the new company will begin operations in the first quarter of 2017.