TotalEnergies (TTE) said Tuesday it is shutting down its oldest steam cracker located in its Antwerp industrial site in Belgium by the end of 2027, after a major contract with an undisclosed third party, which received the produced ethylene from the cracker, was not renewed.

The 253 employees affected by the move will be offered retirement or an internal transfer to another role in the Antwerp site, the company said.

TotalEnergies also said that a project to produce 50,000 tons per year of sustainable aviation fuel will be started at the Antwerp site this year.

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