TIDMTTE
Air Liquide, Borealis, Esso S.A.F., TotalEnergies (Paris:TTE)
(LSE:TTE) (NYSE:TTE) and Yara International ASA have signed a
Memorandum of Understanding (MoU) to explore the development of a
CO(2) infrastructure including capture and storage, to help
decarbonize the industrial basin located in the Normandy region,
France. With the objective to reduce CO(2) emissions by up to 3
million tons per year by 2030, which is equivalent to the emissions
of more than 1 million passenger cars, the first phase will consist
in studying the technical and economical feasibility of this
project. This partnership, which will seek funding from European,
French and Regional schemes, is open to other industrial
parties.
The ability of industrial players to reduce their CO(2)
emissions in the medium and long term is a key issue for the
sustainability of industrial activities and ecosystems in the area
of Axe Seine/Normandy. The companies involved in the MoU have
agreed to collaborate to assess the technical and economical
feasibility of implementing an industrial CO(2) capture and storage
(CCS) chain, from their industrial facilities to ultimate storage
in the North Sea.
François Jackow, Executive Vice President and a member of the
Air Liquide Group's Executive Committee supervising Europe
Industries activities, said : "Air Liquide is pleased to contribute
to this project its unique expertise in CO(2) capture and
liquefaction technologies. Since 2015 Air Liquide has successfully
implemented Cryocap(TM) in its plant in Port Jérôme, Normandy, an
innovative proprietary CO(2) capture and liquefaction technology,
which allows to capture up to 90 % of CO(2) emissions. This wider
initiative illustrates how industrial players can mobilize to
decarbonize key industrial basins and contribute to the fight
against global warming. It is in line with Air Liquide's Climate
Objectives, which target carbon neutrality by 2050."
Leo Alders, Chief Operating Officer Borealis Fertilizer,
Technical Nitrogen and Melamine business said: "Our strong interest
in this project is in the first place driven by the significant GHG
reduction that can be achieved. It is our responsibility to society
to seek for and engage in solutions for climate challenges. At the
same time the project is an innovative and collaborative approach
across the leading regional industries, creating new value
chains."
Charles Amyot, CEO of Esso S.A.F. and President of ExxonMobil
activities in France, said :"ExxonMobil has more than 30 years of
experience in CCS technology and is advancing plans for more than
20 new CCS opportunities around the world. We are pleased to
collaborate on a joint study to assess the feasibility of the
deployment of CCS in the Axe Seine / Normandy area, one of the most
important technologies required to achieve society's climate
goals."
Bernard Pinatel, President of Refining & Chemicals and
member of the Executive Committee at TotalEnergies, said : "We are
pleased to join forces with some major industrial players of the
industrial basin of Normandy to collectively engage into a
cooperation to reduce the CO(2) emissions from our facilities. This
collective effort will be facilitated by TotalEnergies' actions in
developing, with partners, CO(2) storages in the North Sea such as
the Northern Lights and Aramis' projects. This CCS initiative will
contribute to the decarbonization of our Normandy platform and is
fully aligned with TotalEnergies' ambition to get to net zero
emissions by 2050."
Jorge Noval, President, Yara Industrial Solutions, a global
division of Yara International ASA, said : "This alliance will
support Yara Industrial Solutions' journey to decarbonize
production units and all of our value chains. Carbon Capture and
Storage is essential in achieving our mid-term ambition of a 30 %
reduction in absolute CO(2) emissions in 2030 compared to 2018,
meaning a reduction of 200,000 tonnes of CO(2) emissions,
equivalent to 100,000 tonnes Blue Ammonia at Le Havre production
plant. We will implement future technologies to reach carbon
neutrality in 2050 in line with Yara's ambition. The
decarbonization of our site in France will allow us to continue
developing innovative applications for our industrial customers,
and the impact on society will be significant. Our chemical
industrial applications are all around us, from construction to
automotive, in animal nutrition and NOx emission reduction as
examples."
About Air Liquide A world leader in gases, technologies and services for
Industry and Health, Air Liquide is present in 78 countries with approximately
64,500 employees and serves more than 3.8 million customers and patients.
Oxygen, nitrogen and hydrogen are essential small molecules for life, matter
and energy. They embody Air Liquide's scientific territory and have been at
the core of the company's activities since its creation in 1902. Air Liquide's
ambition is to be a leader in its industry, deliver long term performance and
contribute to sustainability - with a strong commitment to climate change and
energy transition at the heart of its strategy. The company's customer-centric
transformation strategy aims at profitable, regular and responsible growth
over the long term. It relies on operational excellence, selective
investments, open innovation and a network organization implemented by the
Group worldwide. Through the commitment and inventiveness of its people, Air
Liquide leverages energy and environment transition, changes in healthcare and
digitization, and delivers greater value to all its stakeholders. Air
Liquide's revenue amounted to more than 20 billion euros in 2020. Air Liquide
is listed on the Euronext Paris stock exchange (compartment A) and belongs to
the CAC 40, EURO STOXX 50 and FTSE4Good indexes. About Borealis Borealis is
one of the world's leading providers of advanced and circular polyolefin
solutions and a European market leader in base chemicals, fertilizers and the
mechanical recycling of plastics. We leverage our polymers expertise and
decades of experience to offer value adding, innovative and circular material
solutions for key industries. In re-inventing for more sustainable living, we
build on our commitment to safety, our people and excellence as we accelerate
the transformation to a circular economy and expand our geographical
footprint. With head offices in Vienna, Austria, Borealis employs 6,900
employees and operates in over 120 countries. In 2020, Borealis generated EUR
6.8 billion in sales revenue and a net profit of EUR 589 million. OMV, the
Austria-based international oil and gas company, owns 75% of Borealis, while
the remaining 25% is owned by a holding company of the Abu-Dhabi based
Mubadala. We supply services and products to customers around the globe
through Borealis and two important joint ventures: Borouge (with the Abu Dhabi
National Oil Company, or ADNOC, based in UAE); and Baystar(TM) (with Total,
based in the US). About ExxonMobil - Esso S.A.F. is a listed company with an
82.89 percent ExxonMobil France Holding SAS interest ExxonMobil, one of the
largest publicly traded international energy companies, uses technology and
innovation to help meet the world's growing energy needs. ExxonMobil holds an
industry-leading inventory of resources, is one of the largest refiners and
marketers of petroleum products, and its chemical company is one of the
largest in the world. Learn more about our involvement in CCS: Carbon capture
and storage | ExxonMobil. References to "ExxonMobil" in this press release are
used for convenience and may refer to one or more of Exxon Mobil Corporation
and its affiliates. About TotalEnergies TotalEnergies is a broad energy
company that produces and markets energies on a global scale: oil and
biofuels, natural gas and green gases, renewables, and electricity. Our
105,000 employees are committed to energy that is ever more affordable, clean,
reliable and accessible to as many people as possible. Active in more than 130
countries, TotalEnergies puts sustainable development in all its dimensions at
the heart of its projects and operations to contribute to the well-being of
people. Cautionary Note - This press release, from which no legal consequences
may be drawn, is for information purposes only. The entities in which
TotalEnergies SE directly or indirectly owns investments are separate legal
entities. TotalEnergies SE has no liability for their acts or omissions. The
terms "Company" or "TotalEnergies company" refer collectively to the company
TotalEnergies SE and the companies it controls directly or indirectly. Such
terms are used solely for the sake of convenience for purposes of the present
communication. Likewise, the words "we", "us" and "our" may also be used to
refer to subsidiaries in general or to those who work for them. This document
may contain forward-looking information and statements that are based on a
number of economic data and assumptions made in a given economic, competitive
and regulatory environment. They may prove to be inaccurate in the future and
are subject to a number of risk factors. Neither TotalEnergies SE nor any of
its subsidiaries assumes any obligation to update publicly any forward-looking
information or statement, objectives or trends contained in this document
whether as a result of new information, future events or otherwise. About Yara
International ASA Yara grows knowledge to responsibly feed the world and
protect the planet. Supporting our vision of a world without hunger and a
planet respected, we pursue a strategy of sustainable value growth, promoting
climate-friendly crop nutrition and industrial applications with a target of
zero-emission energy solutions. Our global division Yara Industrial Solutions
aims to be the world leader in nitrogen and sustainable applications for
industrial markets. We offer solutions to an extensive range of sectors - from
the chemical, transport and construction industries - right into the food
chain and even people's homes. Yara operates an integrated business model with
around 17,000 employees and operations in over 60 countries. We have a proven
track record of strong returns and in 2020, Yara reported revenues of USD 11.6
billion.
Contacts Air Liquide
Corporate Communications
media@airliquide.com
Investor Relations
IRTeam@airliquide.com
Contact Borealis
Kaatje Caignie
Head of Communications Borealis Fertilizers, TEN & Melamine
Business
Kaatje.Caignie@borealisgroup.com
Contact Esso S.A.F.
Esso.france@exxonmobil.com
Catherine Brun : catherine.brun@exxonmobil.com
Olivier Dumas : olivier.dumas@exxonmobil.com
Contacts TotalEnergies
Media Relations: +33 1 47 44 46 99
presse@totalenergies.com
Investor Relations: +44 (0)207 719 7962
ir@totalenergies.com
Contacts Yara International ASA
Frank De Vogelaere, SVP, Production & HESQ
frank.de.vogelaere@yara.com
Gilles Raskopf, Director Technology Projects
gilles.raskopf@yara.com
View source version on businesswire.com:
https://www.businesswire.com/news/home/20210712005282/en/
CONTACT:
TotalEnergies SE
SOURCE: TotalEnergies SE
Copyright Business Wire 2021
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July 12, 2021 03:12 ET (07:12 GMT)
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