REG-TotalEnergies SE TotalEnergies: Antwerp Platform Adapts to Energy Transition Challenges and Market Trends

TotalEnergies SEAnnouncement

22/04/2025 10:15

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TotalEnergies: Antwerp Platform Adapts to Energy Transition Challenges and
Market Trends

 

TotalEnergies’ (Paris:TTE) (LSE:TTE) (NYSE:TTE) Antwerp platform provides an
update on its investments for the future and announces plan to reconfigure its
petrochemicals operations to strengthen competitiveness. A key industrial site
for TotalEnergies for more than 75 years, the Antwerp platform is based on an
integrated business model, which guarantees the resilience of its operations.

“By adapting and investing regularly in our Antwerp site, we’re securing
its long-term future and ensuring that this integrated refining and
petrochemicals platform remains TotalEnergies’ most efficient in Europe.
Whether the aim is to meet market challenges or contribute to decarbonization
and the energy transition, the platform can be reconfigured so that it remains
competitive and continues to provide jobs well into the future,” said Ann
Veraverbeke, Managing Director of TotalEnergies Antwerp.

Adapting to accelerate decarbonization of the platform and the transportation
industry

Thanks to green hydrogen, the Antwerp platform is speeding up its own
decarbonization. As part of a 200 MW Air Liquide electrolyzer project,
TotalEnergies has signed a tolling agreement for 130 MW dedicated to the
annual production of 15,000 tons of green hydrogen for its Antwerp platform.
Upstream of the electrolyzer, TotalEnergies will supply green electricity
thanks to its OranjeWind
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offshore wind project. Scheduled for the end of 2027, the project will reduce
CO(2) emissions at the Antwerp site by up to 150,000 tons per year and
contribute to the European targets (RED III) for renewable energy in
transport.

Thanks to the production of sustainable aviation fuel (SAF), Antwerp will
contribute to its aviation customers’ energy transition, helping them meet
the challenge of reducing their carbon footprint. An initial project to
produce 50,000 tons a year of SAF via coprocessing will be implemented at the
Antwerp platform in 2025. Coprocessing is a SAF production method that enables
the simultaneous treatment of hydrocarbons and biomass in a conventional
refining unit.

Thanks to process electrification and battery-based energy storage, the
platform is contributing respectively to the decarbonization of its industrial
operations and to the growing need to balance Belgian and European
high-voltage transmission grids. With a power rating of 25 MW and capacity of
75 MWh, Antwerp’s battery storage system is TotalEnergies’ biggest in
Europe. Commissioned last year, it helps offset the intermittency of renewable
energies to encourage their development.

Adapting to meet changing market needs and address overcapacity in
petrochemicals

Alongside these future-focused developments, the Antwerp platform is also
facing considerable overcapacity in the petrochemicals market. In the light of
the significant surplus of ethylene expected in Europe, TotalEnergies thus
intends to cease operating its oldest steam cracker in Antwerp by end-2027.

Indeed, the latter was historically dependent on a major contract with a
third-party user of the ethylene produced, which recently decided not to renew
it by end 2027. As a result, the steam cracker, which is not integrated to
TotalEnergies' downstream polymer production, will no longer have any outlets
for its ethylene production.

The unit shutdown will allow the site to focus on its more recent steam
cracker, whose ethylene production is entirely consumed by TotalEnergies'
industrial units in Antwerp and Feluy. The reconfiguration will be conducted
without any layoffs.

The 253 employees concerned will each be offered a solution aligned with their
personal situation: retirement or an internal transfer to another position
based at the Antwerp site. This project is subject to the legally required
employee consultation and notification process, which TotalEnergies will
initiate with representatives of Antwerp platform employees in late April.

***

About TotalEnergies

TotalEnergies is a global integrated energy company that produces and markets
energies: oil and biofuels, natural gas, biogas and low-carbon hydrogen,
renewables and electricity. Our more than 100,000 employees are committed to
provide as many people as possible with energy that is more reliable, more
affordable and more sustainable. Active in about 120 countries, TotalEnergies
places sustainability at the heart of its strategy, its projects and its
operations.

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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
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SE directly or indirectly owns a shareholding are separate legal 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 

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