Total Acquires Fonroche Biogaz and Becomes the French Leader in Renewable Gas
January 11 2021 - 02:20AM
Business Wire
Regulatory News:
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 gas1 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).
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presse@total.com l @TotalPress Investor Relations: +44 (0)207 719
7962 l ir@total.com Business Contact: gp.biogas@total.com
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