By Giulia Petroni

Total SE said Monday that it has acquired French company Fonroche Biogaz for un undisclosed sum, marking a step in the development of its renewable gas market.

Fonroche Biogaz designs, builds and operates anaerobic-digestion units in France. Tne company has industrial and technological expertise across the whole renewable gas value chain and an installed capacity of close to 500 gigawatt hours, Total said.

"With this acquisition, Total becomes a major player in renewable gas in France and Europe, and significantly strengthens its presence in the sector," the French oil-and-gas major said.

Write to Giulia Petroni at giulia.petroni@wsj.com

(END) Dow Jones Newswires

January 11, 2021 02:39 ET (07:39 GMT)

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