Biogas: TotalEnergies Acquires a Stake in Ductor to Jointly Develop New Projects Using Its Innovative Technology
24 Maio 2023 - 3:38AM
Business Wire
Regulatory News:
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
bioCO2. 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 CO2 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.
@TotalEnergies TotalEnergies TotalEnergies
TotalEnergies
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).
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Ductor contact: Corporate Communications: Jo Christian
Lund-Steigedal +47 415 08 733 l jcs@corpcom.no
TotalEnergies Contacts Media Relations:+33 (0)1 47 44 46
99 l presse@totalenergies.com l @TotalEnergiesPR Investor
Relations:+33 (0)1 47 44 46 46 l ir@totalenergies.com
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