Totalenergies Se - TTE STOCK NEWS

TotalEnergies Petrochemicals & Refining USA, Inc. announces its partnership with the Polypropylene Recycling Coalition to enhance curbside recycling access for polypropylene. This initiative aligns with the company's goal of producing 30% recycled and renewable polymers by 2030. The coalition aims to increase polypropylene recycling rates similar to other plastics like PET and HDPE, through grants, consumer education, and infrastructure improvements.

TotalEnergies has strengthened its renewable energy portfolio through Adani Green Energy's acquisition of SB Energy India from SoftBank Group and Bharti Group. The deal, valued at approximately USD 3.5 billion, allows TotalEnergies to add about 1.4 GWp of capacity to its projects. SB Energy India boasts a total renewable capacity of 5 GWac, primarily consisting of solar and wind energy projects with long-term contracts. This acquisition is pivotal for TotalEnergies in achieving its goal of 35 GW of renewable capacity by 2025 and securing a position in the top 5 renewable energy producers globally by 2030.

On October 1, 2021, Air France Flight 6235 marked a significant milestone by operating a flight fueled with 30% Sustainable Aviation Fuel (SAF) produced by TotalEnergies. This flight from Nice to Orly Airport in Paris is part of the Nice Transition Days, an international festival focused on ecological innovations. The use of SAF, made from waste and residues, aims to reduce the carbon footprint of air travel, preventing the emission of 3 tons of CO₂. This collaboration underscores the commitment of both public and private sectors to advance decarbonization in aviation.

TotalEnergies has unveiled an expansion at Synova in Normandy, doubling its mechanical recycling capacity for recycled polypropylene to meet rising demand from sectors like automotive and construction. This extension aims for production of nearly 45,000 tons annually, utilizing advanced mechanical recycling methods. The company targets 30% of its polymer production to be recycled or renewable by 2030. TotalEnergies is also actively involved in chemical recycling and is a leader in bioplastics, emphasizing its commitment to sustainable practices and circular economy initiatives.

TotalEnergies (TTE) is joining forces with Air Liquide and VINCI to establish the world’s largest fund dedicated to clean hydrogen infrastructure, aiming to raise 1.5 billion euros with initial commitments of 800 million euros.

This fund will invest in the renewable and low-carbon hydrogen value chain across key global regions, including the Americas, Asia, and Europe, targeting significant strategic projects. TotalEnergies has committed 800 million euros, positioning itself as a leader in the energy transition through clean hydrogen initiatives.

TotalEnergies has released the Environmental, Safety and Health Impact Assessment (ESHIA) for its Arctic LNG 2 project, where it holds a 21.64% stake. The project aims to minimize environmental impacts while promoting biodiversity through various plans, including the Biodiversity Conservation Management Program and the Biodiversity Action Plan. The first LNG train is expected to start delivering in 2023, contributing to energy needs in Asia and aiding in greenhouse gas reduction efforts. TotalEnergies emphasizes its commitment to sustainable development and biodiversity protection.

A consortium comprising TotalEnergies, Macquarie's Green Investment Group, and RIDG has submitted a bid for the West of Orkney Windfarm, a two-gigawatt offshore wind project near Orkney Islands. This project aims to power over two million homes and is part of the ScotWind leasing round currently under review by Crown Estate Scotland. The consortium has established key partnerships within the local community and has conducted extensive site investigations, with project generation expected to commence in 2029. If awarded, this aligns with TotalEnergies' goal of reaching 100 GW of renewable generation capacity by 2030.

TotalEnergies, presented by CEO Patrick Pouyanné, emphasized its strategy as a multi-energy company during a recent webcast. The company aims to increase energy production by 30% by 2030, diversifying its sales mix with 50% from gas and significant growth in renewables. With an annual investment of $13-15 billion, half will focus on new energies. TotalEnergies targets Net Zero by 2050, aiming for a 40% reduction in emissions by 2030. The company plans $5 billion in cash flow from E&P and intends to buy back $1.5 billion of shares in Q4 2021, reflecting strong shareholder returns.

TotalEnergies (TTE) and China Three Gorges Corporation (CTG) have established a Joint Venture in electric mobility in China, focusing on developing over 11,000 high power EV charging points in Hubei Province by 2025. The equally owned venture aims to leverage TTE's expertise in electric mobility and CTG's capabilities in green energy. The project addresses China's goal of achieving carbon neutrality by 2060, aligning with the growing demand for electric vehicle infrastructure. The electricity powering the network will primarily come from renewable sources.