REG-TotalEnergies SE Biogas: TotalEnergies Acquires a Stake in Ductor to Jointly Develop New Projects Using Its Innovative Technology

TotalEnergies SEAnnouncement

24/05/2023 07:45

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Biogas: TotalEnergies Acquires a Stake in Ductor to Jointly Develop New
Projects Using Its Innovative Technology

 

TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) has acquired a 20% stake in
Ductor, a Finland-based start-up that has developed an innovative technology
to process high-nitrogen organic waste, such as poultry manure, which is
usually difficult to use for biomethane production. By allowing the treatment
of new types of input, this technology is helping to accelerate the
development of the biogas value chain, thus contributing to the energy
transition. It will also enable TotalEnergies to seize new market
opportunities.

TotalEnergies has also formed a partnership with Ductor to develop and invest
in several biomethane production projects, primarily in the United States and
Europe. Ductor already has a pipeline of fifteen to twenty projects, some of
which are at an advanced stage. The partners are planning to develop an
initial facility in Ohio, United States. Under the terms of this joint
venture, TotalEnergies will market the production of the biomethane, and
Ductor the production of the sustainable biofertilizers.

"We are pleased to partner with Ductor, a start-up with an innovative
pre-treatment technology that will enable us to develop new biomethane
production projects, using organic waste that is currently not, or only
slightly, reused. By accelerating the biogas chain, this technology
contributes directly to the energy transition and to TotalEnergies' ambition
of producing 20 TWh of biogas worldwide by 2030," said Olivier Guerrini, Vice
President, Biogas at TotalEnergies.

“The partnership with TotalEnergies will allow us to move forward faster and
rapidly develop our project portfolio. In today’s world, local energy
production, food security and global warming are essential concerns for
everyone. Ductor’s solution for repurposing high-grade organic residues into
renewable energy and sustainable fertilizer is part of the answer. The markets
for organic fertilizer and biogas are expected to grow strongly in the years
to come,” said Ductor's Chief Executive Officer Bernard Fenner.

***

TotalEnergies and biogas

TotalEnergies is a leading company in the European biogas segment with
production capacity of 1.1 TWh. The Company aims to become a major player in
the international market by joining forces with leading partners such as Clean
Energy, Veolia, and Ductor. It is active across the entire value chain, from
project development to marketing of this renewable gas and its byproducts,
including biofertilizers and bioCO(2). TotalEnergies aims to produce 20 TWh
per year by 2030, equivalent to the average annual gas demand of four million
French consumers and a reduction in CO(2) emissions of around four million
tons.

About Ductor

Ductor started in 2009 with the ambitious aim to create a solution that would
help solve today’s environmental challenges in the energy and agriculture
sector. Today we build, own, and operate microbiological turnkey facilities,
turning high nitrogen feedstocks and organic waste from the agricultural
sector into sustainable fertilizers and biogas. With two plants in Mexico and
Germany and numerous projects in the pipeline, we can prove that we are able
to live up to our purpose: We are unlocking bio-resources to make food
sustainable and energy clean.

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 more than 100,000 employees are committed to energy that is
ever more affordable, cleaner, more reliable and accessible to as many people
as possible. Active in nearly 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.

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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.
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 Universal 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).

Ductor contact:

Corporate Communications: Jo Christian Lund-Steigedal

+47 415 08 733 l jcs@corpcom.no (mailto:jcs@corpcom.no)

TotalEnergies Contacts

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



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