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

TotalEnergies SEAnnouncement

11/01/2021 07:25

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

 

Total (Paris:FP) (LSE:TTA) (NYSE:TOT) announces 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(1) 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 renewable gas value
chain. Its integration marks a significant step in Total’s development on
the renewable gas market, with prospects for rapid growth on the French market
and for international deployment.

"This acquisition is consistent with our strategy and our climate ambition to
get to Net Zero by 2050. We believe that renewable gas has a key role to play
in the energy transition as it contributes to reducing the carbon intensity of
natural gas – and we support the imposition of renewable gas incorporation
in natural gas networks," explains Philippe Sauquet, President Gas, Renewables
& Power at Total. "In 2020, we stated our intention to contribute to the
development of this sector, which we expect to become more competitive in the
next few years. We intend to produce 1.5 terawatt-hours (TWh) of biomethane a
year by 2025 and Fonroche Biogas is therefore the cornerstone of our
development in this market."

"We are proud to join the Total Group, which has shown strong vision and
ambition, by launching a massive and sustainable investment program in
renewable energies. Our integrated business model combined with Total's
strength and global reach gives us a positive and sustainable outlook for the
future. Their excellent track record in the solar sector – both in terms of
the duration of their investments and their strong growth – has confirmed
our decision to combine the expertise of Fonroche Biogaz teams with this
French energy major," said Yann MAUS, President and Founder of Fonroche Group.

With this acquisition, Total becomes a major player in renewable gas in France
and Europe, and significantly strengthens its presence in the sector, already
effective through its affiliates Méthanergy (combined heat and power
production from biogas), PitPoint and Clean Energy (biomethane production and
distribution via a network of Bio-CNG/Bio-LNG stations) in Benelux and the
United States respectively. In December 2020, Total signed a Memorandum of
Understanding (MoU) with Clean Energy to establish a $100 million 50/50 joint
venture to develop renewable gas production projects in the United States. By
2030, Total plans to produce 4 to 6 TWh of biomethane a year.

About Total

Total is a broad energy company that produces and markets fuels, natural gas
and electricity. Our 100,000 employees are committed to better energy that is
more affordable, more reliable, cleaner and accessible to as many people as
possible. Active in more than 130 countries, our ambition is to become the
responsible energy major.

* * * * *

Cautionary Note

This press release, from which no legal consequences may be drawn, is for
information purposes only. The entities in which TOTAL SE directly or
indirectly owns investments are separate legal entities. TOTAL SE has no
liability for their acts or omissions. In this document, the terms
“Total”, “Total Group” and Group are sometimes used for convenience.
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 TOTAL 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.

(1) Biogas is a renewable gas produced by the fermentation of organic matter.
It can be purified to produce biomethane, which has the same properties as
natural gas and can therefore be injected into distribution networks or used
as an alternative fuel for mobility (bio-CNG or bio-LNG).

Total Contacts 

Media Relations: +33 1 47 44 46 99 l presse@total.com
(mailto:presse@total.com) l @TotalPress

Investor Relations: +44 (0)207 719 7962 l ir@total.com 
(mailto:ir@total.com) 
Business Contact: gp.biogas@total.com (mailto:gp.biogas@total.com)



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