Tag: Total

Total Partners with Siemens Energy to Reduce LNG Related Emissions

Stuart Mitchell

Total and Siemens Energy signed a Technical Collaboration Agreement to study sustainable solutions for CO2 emissions reduction. The collaboration will focus on natural gas liquefaction facilities and associated power generation.  Each partner will bring together their best-in-class technologies and combine their know-how to deliver industrial-stage solutions such as combustion of clean hydrogen in gas turbines, competitive all-electrical liquefaction, optimized power generation, the integration of renewable energy in liquefaction plants’ power system and their efficiency enhancement. “This collaboration with Siemens Energy, a major player in the energy technology sector, brings many…

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Total and Forêt Ressources Management to Plant a 40,000-Hectare Forest in the Republic of the Congo

Stuart Mitchell

Total and Forêt Ressources Management have signed a partnership agreement with the Republic of the Congo to plant a 40,000-hectare forest on the Batéké Plateaux. The new forest will create a carbon sink that will sequester more than 10 million tons of CO2 over 20 years, to be certified in accordance with the Verified Carbon Standard (VCS) and Climate, Community & Biodiversity (CCB) standards. The project, financed by Total, includes agroforestry practices developed with the local communities for agricultural production and sustainable wood energy. By 2040, responsible management through selective…

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Total Has Successfully Issued Hybrid Bonds To Finance Its Development Strategy in Renewables

Stuart Mitchell

Total SE has successfully issued perpetual subordinated bonds in the amount of €3 billion: €1.5 billion at 1.625% coupon for the tranche with a 7 year first call date €1.5 billion at 2.125% coupon for the tranche with a 12 year first call date The proceeds from the bonds will be used to finance its development strategy, mainly acquisitions, in renewables, in particular €1.7 billion for the acquisition of a 20% interest in Adani Green Energy Limited. With a weighted average coupon of 1.875%, this issuance that was very well…

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Total Acquires Fonroche Biogaz and Becomes the French Leader in Renewable Gas

Stuart Mitchell

Total has announced the acquisition of Fonroche Biogaz, a company that designs, builds and operates anaerobic digestion units in France. With close to 500 gigawatt-hours (GWh) of installed capacity, which doubled between 2019 and 2020, Fonroche Biogaz is today the French market leader in the production of renewable gas  with more than 10% market share thanks to a portfolio of seven units in operation and a pipeline of four imminent projects.  Drawing on the expertise of its 85 employees, Fonroche Biogaz has developed industrial and technological expertise across the entire…

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Total withdraws from the American Petroleum Institute

Stuart Mitchell

Following a detailed analysis of the climate positions of the American Petroleum Institute (API), Total announces its decision not to renew its membership for 2021. Each year, Total assesses the main industry associations of which it is a member to ensure they are aligned with the Group’s climate positions. This alignment review is based on six key points:  our science-based position that the link between human activity and climate change is an established fact,  our support for the objectives of the Paris Agreement,  our belief in the necessity to implement…

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