REG-TotalEnergies SE TotalEnergies and Veolia Join Forces to Accelerate the Development of Biomethane

TotalEnergies SEAnnouncement

02/02/2022 07:55

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TotalEnergies and Veolia Join Forces to Accelerate the Development of
Biomethane

 

TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) and Veolia have signed an
agreement to produce biomethane from Veolia waste and water treatment
facilities operating in more than 15 countries.

The partners will develop and co-invest in a portfolio of international
projects, with the ambition to produce up to 1.5 terawatt-hours (TWh) of
biomethane per year by 2025. This production of renewable gas made from
organic waste will be equivalent to the average annual natural gas consumption
of 500,000 residents and will avoid some 200,000 tons of CO(2) per year.
TotalEnergies will market the resulting biomethane as a renewable fuel for
mobility or as a substitute for natural gas in other uses.

As part of this agreement, the partners will pool their industrial know-how in
biomethane production. Veolia will provide its expertise in the production and
processing of biogas from its facilities, and TotalEnergies will contribute
its in-depth knowledge of the entire biomethane value chain.

"We are pleased to partner with Veolia to promote the recovery of waste
through the production of biomethane, and thereby the circular economy, one of
the pillars of sustainable development," said Stéphane Michel, President Gas,
Renewables & Power at TotalEnergies. "The development of biomethane is
part of TotalEnergies' transformation into a broad energy company, and the
deployment of its ambition to be a major player in renewables."

"Our partnership with TotalEnergies is in line with Veolia's strategy to
develop solutions for decarbonizing the energy mix, notably with biogas, as
part of an ecological transition," said Estelle Brachlianoff, Chief Operating
Officer of Veolia. "At the global level, the biogas resources at our sites
offer more than 6 terawatt hours of primary energy. With this biomethane
production potential and our know-how in biogas management, Veolia intends to
become a leading player in the value chain while developing more decentralized
and local green energy production capacity."

TotalEnergies and Biomethane

TotalEnergies is the segment leader in France, with close to 500 GWh of
production capacity, and aims to become a major player in biomethane
internationally by partnering with market leaders such as Clean Energy in the
United States. The Company is active across the entire biomethane value chain,
from project development to marketing of biomethane and its by-products
(biofertilizers, bioCO(2)). It aims to produce at least 2 TWh of biomethane
per year by 2025 – equivalent to the annual consumption of 670,000 French
consumers and a reduction in CO(2) emissions of 400,000 tons.

About TotalEnergies

TotalEnergies is a global multi-energy company that produces and markets
energies: oil and biofuels, natural gas and green gases, renewables and
electricity. Our 105,000 employees are committed to energy that is ever more
affordable, cleaner, more 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.

Veolia and biomethane

Veolia is now one of the world's largest producers of energy from biogas, with
a primary energy resource of nearly 6 TWh. As a world leader in ecological
transformation, Veolia aims to maximize the recovery of biogas in the form of
biomethane and to expand its global resource base, in a circular economy
approach. The Group's ambition is to become one of the leading players in the
biomethane sector and to develop more green energy production capacity to help
combat climate change.

About de Veolia

Veolia Group aims to become the benchmark company for ecological
transformation. Present on five continents with nearly 179,000 employees, the
Group designs and deploys useful, practical solutions for the management of
water, waste and energy that are contributing to a radical turnaround of the
current situation. Through its three complementary activities, Veolia helps to
develop access to resources, to preserve available resources and to renew
them. In 2020, the Veolia group served 95 million inhabitants with drinking
water and 62 million with sanitation, produced nearly 43 million megawatt
hours and recycled 47 million tonnes of waste. Veolia Environment (Paris
Euronext: VIE) achieved consolidated sales of 26.010 billion euros in 2020.
www.veolia.com
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Cautionary Note

The terms “TotalEnergies”, “TotalEnergies company” or “Company” in
this document are used to designate TotalEnergies SE and the consolidated
entities that are directly or indirectly controlled by TotalEnergies SE.
Likewise, the words “we”, “us” and “our” may also be used to refer
to these entities or to their employees. The entities in which TotalEnergies
SE directly or indirectly owns a shareholding are separate legal entities.
TotalEnergies SE has no liability for the acts or omissions of these entities.
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. Information concerning risk factors, that may affect
TotalEnergies’ financial results or activities is provided in the most
recent Registration Document, the French-language version of which is filed by
TotalEnergies SE with the French securities regulator Autorité des Marchés
Financiers (AMF), and in the Form 20-F filed with the United States Securities
and Exchange Commission (SEC).

TotalEnergies Contacts 

Media Relations: +33 1 47 44 46 99 l presse@totalenergies.com
(mailto:presse@totalenergies.com) l @TotalEnergiesPR 
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Investor Relations: +44 (0)207 719 7962 l ir@totalenergies.com
(mailto:ir@totalenergies.com)

Veolia Contacts 

Group Press Relations: + 33 1 85 57 86 25 / 33 33 I presse.groupe@veolia.com 
(mailto:presse.groupe@veolia.com) 
Investor Relations: + 33 1 85 57 84 76 / 84 80 I investor-relations@veolia.com
(mailto:investor-relations@veolia.com)



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