Total, one of the leading international oil and gas companies, and Vinergy International Pvt Ltd., today announced their Joint Venture for manufacture and marketing of world class value added bitumen products for the Indian roads. The joint venture company, Total Vinergy Bitumen India Pvt Ltd (TVB) will have an equal equity participation from both partners and will have its Head Office at Mumbai.

The Joint Venture shall provide high quality bitumen and modified bituminous products to the road construction industry. The first modified bitumen production facility is already commissioned and operational at Singhari, close to Jodhpur in Rajasthan. The Joint Venture has already made an investment and expansion plans are already underway to be able to supply specialty bitumen products across the Indian sub-continent. The company plans to build more plants in the near future in different states in India for a better supply of infrastructure projects in India.

The production of polymer modified bitumen (PmB), crumb rubber modified bitumen (CRMB) and bitumen emulsions, with the support of TOTAL’s Research Centre in Solaize (France) has already commenced from the plant at Jodhpur. TOTAL patents and trademarks with a proven record in the world such as Styrelf, Flextal and Emulsis are being used in order to manufacture the products the Road Construction Sector in India is very much demanding.

At a function to launch the Joint Venture between Total and Vinergy , in Delhi, Mr. Murli Deora, Hon’ble Minister for Petroleum said : “With the ingress of Total with their patented expertise in this field, the Indian public can look forward to roads comparable to the best across the world. Vinergy has made a sound decision in tying-up with the leader in bitumen products”.

- End -

ABOUT TOTAL

Total is one of the world’s major oil and gas groups, with activities in more than 130countries. Its 96,000 employees put their expertise to work in every part of the industry – exploration and production of oil and natural gas, refining and marketing, gas and power and trading. Total is working to keep the world supplied with energy, both today and tomorrow. The Group is also a first rank player in chemicals. www.total.com

Vinergy International Pvt. Ltd. is a professionally managed, rapidly expanding Indian company with a niche in marketing, distribution and logistic of various petroleum and chemical products. The company has strongly emerged as an end to end solution provider to the Industry across product spectrum in India in energy products, chemicals, liquid Fuels, Bitumen, lubricants, power, petrochemicals, solvents, bunkering. Vinergy has storage arrangements at different Port locations in India from where they supply high quality Bitumen to the Road Sector. They are also one of India’s leading Bunker fuel suppliers to International and coastal ships at Indian shores.www.vinergy.in