The shareholders' newsletter #66 - Summer 2021

Latest news : Recent key events

LATEST NEWS

© ZYLBERMAN Laurent - Graphix Images - TotalEnergies

France

Aviation fuel

TotalEnergies has begun producing sustainable aviation fuel (SAF) in France at its
La Mède biorefinery and its Oudalle facility. The biojet fuel, made from used cooking oil, will be delivered to French airports. TotalEnergies will also produce sustainable aviation fuels as from 2024 at its zero-crude Grandpuits platform. All of these sustainable aviation fuels will be made from animal fat, used cooking oil and other waste and residue sourced from the circular economy. TotalEnergies will not use vegetable oils as feedstock. In this way, TotalEnergies will be in a position to respond from its production sites in France to new French legislation that calls for aircraft to use at least 1% biojet fuel by 2022,
2% by 2025 and 5% by 2030.

Taiwan

Offshore wind

At the end of April this year, TotalEnergies signed an agreement with the German company wpd to acquire a 23% interest in Yunlin Holding GmbH, the owner of Yunlin offshore wind farm located off the coast of Taiwan. The project, currently under construction, represents production capacity of 640 MW and benefits from a 20-year guaranteed-price power purchase agreement (PPA). Located around 10 kilometers offshore at water depths ranging from 7 to 35 meters, the wind farm will comprise 80 wind turbines with a unit capacity of 8 MW. In 2022, the project will produce 2.4 terawatt hours (TWh) of renewable electricity per year, enough to serve the power needs of 605,000 households.

China

Liquefied Natural Gas

TotalEnergies and Shenergy Group, the leading energy player in Shanghai, signed binding agreements in March for the supply of up to 1.4 million tons of Liquefied Natural Gas (LNG) per annum for a term of 20 years from TotalEnergies, as well as the creation of a joint venture (TotalEnergies 49%, Shenergy Group 51%) to expand LNG marketing in China. The partnership is in line with TotalEnergies' strategy to grow along the entire gas value chain.

Uganda and Tanzania

Oil

Final agreements were signed in April for the Lake Albert resources development project, which encompasses the Tilenga and Kingfisher upstream oil projects in Uganda and the construction of the East African Crude Oil Pipeline (EACOP) in Uganda and Tanzania. The Tilenga project, operated by TotalEnergies, and the Kingfisher project, operated by CNOOC, are expected to deliver a combined production of 230,000 barrels per day at plateau. 
First oil export is planned in early 2025. All the partners are committed to implementing these projects in an exemplary manner and taking into highest consideration the biodiversity and environmental stakes as well as the local communities’ rights and within the stringent environmental and social performance standards of the
International Finance Corporation (IFC).

© Zylberman Laurent - TotalEnergies

France

Solar power

TotalEnergies, through its affiliate Total Quadran one of the leading renewables players in France announced two achievements in the solar energies sector in France in March. The solarization project at L’Oréal’s Vichy production plant has been commissioned. The project consists of photovoltaic parking lot awnings and charge points for electric vehicles. The renewable energy produced will cover 33% of the plant’s energy needs. Moreover a Corporate Power Purchase Agreement has been signed with Orange. Total will supply Orange with 100 GWh a year of renewable electricity over a period of 20 years. This agreement will thus enable the development, by 2024, of a dozen new solar power plants in France, with a cumulative capacity of 80 MW.

© Laurent Pascal - CAPA Pictures - TotalEnergies

Find all the press releases on totalenergies.com under the heading Media.