- TotalEnergies, Masdar and Siemens Energy sign collaboration
agreement at Abu Dhabi Sustainability Week 2022 to act as
co-developers on green hydrogen project
- Project aims to establish demonstrator plant at Masdar City for
green hydrogen production to convert carbon dioxide into
Sustainable Aviation Fuel (SAF).
Regulatory News:
Masdar, one of the world’s leading renewable energy companies,
welcomes today TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) and
its expertise in the energy sector, to a Masdar-led initiative
focused on green hydrogen to produce sustainable aviation fuel
(SAF).
Masdar, Siemens Energy and TotalEnergies today signed a
collaboration agreement on the sidelines of Abu Dhabi
Sustainability Week (ADSW) 2022, to act as co-developers for a
demonstrator plant project, which will be established at Masdar
City, Abu Dhabi’s flagship sustainable urban development.
Francois Good, Senior Vice President, Refining and
Petrochemicals Africa Middle East and Asia at TotalEnergies,
said, “We are very pleased to partner with Masdar and Siemens
Energy to meet the challenge of decarbonizing air transport through
sustainable aviation fuel from green hydrogen. In this project,
TotalEnergies brings its expertise in renewables energy as well as
SAF manufacturing and marketing advanced sustainable fuel
production with the aim of acting directly on the carbon intensity
of the energy products used by our customers. This is in-line with
our strategy of building a multi-energy company with the ambition
to get to net zero by 2050 together with society.”
Dietmar Siersdorfer, Managing Director Middle East and UAE,
Siemens Energy, said, “Green hydrogen has a vital role to play
in the decarbonization of many industries, with the aviation sector
presenting an excellent opportunity. With deep expertise in
electrolyzers and plant integration we understand that
collaboration is vital to success. We’re excited to have a
longstanding and strong partner such as TotalEnergies bring its
expertise to help accelerate this landmark project.”
Mohamed Jameel Al Ramahi, Chief Executive Officer of
Masdar, said, “Today’s signing and the participation of
TotalEnergies as a co-developer represents a significant step
forward for this exciting project. The demonstrator plant will help
to establish the commercial viability of green hydrogen as an
essential decarbonized fuel of the future, and will support Abu
Dhabi’s development as a green hydrogen hub. While the hydrogen
market is still at a comparatively early stage, we firmly believe
that by working together with international partners on projects
such as this, we can help the hydrogen market develop its full
potential and it will really take off in the years to come.”
Masdar announced ahead of ADSW 2021 last year that it was
collaborating with Abu Dhabi Department of Energy, Etihad Airways,
Lufthansa Group, Khalifa University of Science and Technology,
Siemens Energy, and Marubeni Corporation on the demonstrator plant
initiative. Having joined the initiative, the aim now is that
TotalEnergies will offer its expertise in SAF production, offtake
and supply the partner airlines.
Since January 2021, the partners in the initiative have
completed a range of evaluations on technology suppliers,
feasibility studies and conceptual designs, while working closely
with regulators on compliance issues. The aim is to proceed to the
front-end engineering design (FEED) stage later this year.
By leveraging their respective areas of expertise across the
energy spectrum, and their local and global market reach, the
co-developers believe that the demonstrator project can pave the
way to commercial production of SAF, helping to reduce production
costs and making it commercially viable.
***
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.
@TotalEnergies l TotalEnergies l TotalEnergies
l TotalEnergies
About Masdar Abu Dhabi’s renewable energy company Masdar
is advancing the commercialization and deployment of renewable
energy, sustainable urban development and clean technologies to
address global sustainability challenges. Wholly owned by Mubadala
Investment Company, the strategic investment company of the
Government of Abu Dhabi, our mandate is to help maintain the UAE’s
leadership in the global energy sector, while supporting the
diversification of both its economy and energy sources for the
benefit of future generations. Today, Masdar is active in more than
30 countries, including the UAE, Jordan, Saudi Arabia, Mauritania,
Egypt, Morocco, the UK, the US, Australia, Spain, Serbia, India,
Indonesia, Uzbekistan, and many more.
About Siemens Energy Siemens Energy is one of the world’s
leading energy technology companies. The company works with its
customers and partners on energy systems for the future, thus
supporting the transition to a more sustainable world. With its
portfolio of products, solutions and services, Siemens Energy
covers almost the entire energy value chain – from power generation
and transmission to storage. The portfolio includes conventional
and renewable energy technology, such as gas and steam turbines,
hybrid power plants operated with hydrogen, and power generators
and transformers. More than 50 percent of the portfolio has already
been decarbonized. A majority stake in the listed company Siemens
Gamesa Renewable Energy (SGRE) makes Siemens Energy a global market
leader for renewable energies. An estimated one-sixth of the
electricity generated worldwide is based on technologies from
Siemens Energy. Siemens Energy employs around 91,000 people
worldwide in more than 90 countries and generated revenue of €28.5
billion in fiscal year 2021. www.siemens-energy.com
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 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).
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