Regulatory News:
TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) and Air
France-KLM have signed an agreement for TotalEnergies to supply up
to 1.5 million tons of more sustainable aviation fuel (SAF) to Air
France-KLM Group airlines over a 10-year period, until 2035.
This agreement marks one the largest SAF purchase contracts
signed by Air France-KLM to date. In 2022 and 2023, Air France-KLM
was the world's leading SAF user, representing 17% and 16% of total
global production respectively.
Accelerating the decarbonization of air transport in
Europe
This contract builds on a memorandum of understanding (MoU)
signed in 2022 for the supply of 800,000 tons of SAF. By
re-evaluating this agreement today, the two groups are reaffirming
their objective to curb the environmental impact of the air
transport sector as quickly as possible by reducing CO₂
emissions.
By 2030, Air France-KLM aims to reduce its CO₂ emissions per
passenger/km by 30% compared with 2019 levels. The Group aims to
achieve this goal through a combination of fleet renewal,
operational measures such as eco-piloting, and the incorporation of
at least 10% of more sustainable aviation fuel on all its flights.
These ambitious targets go beyond regulatory obligations.
The SAF supplied to Air France-KLM will be made from waste and
residues from the circular economy and will be produced in
TotalEnergies' French and European biorefineries and refineries by
coprocessing. This SAF will be used to fuel flights operated by Air
France-KLM’s airlines on departure from France, the Netherlands,
and other European countries. The development of SAF is at the
heart of TotalEnergies' transition strategy to meet demand from the
aviation sector.
Air France-KLM has implemented a strict sourcing policy,
purchasing only second-generation SAF that does not compete with
global food production, and that is RSB or ISCC+ certified for its
sustainability.
SAF allows for a reduction in CO₂ emissions of at least 75% and
up to 90% over the entire fuel life cycle, compared with fossil
fuel equivalents.
“SAF contributes both to the energy transition of our customers
in the aviation sector and to the industrial transition of our
refineries. It therefore represents a real 'win-win' for the future
of industry and aviation”, said Patrick Pouyanné, Chairman and
CEO of TotalEnergies. “For the past 10 years, we have been
pioneers in the field, investing in biorefineries and SAF
production facilities in France as well as developing coprocessing
technologies in our refineries. Building on these industrial
successes, we intend to continue this momentum in Europe and
worldwide.”
“Securing the volumes of more sustainable aviation fuel needed
to decarbonize our activity is a major challenge. This agreement
with TotalEnergies is a further step in this direction, and a
testament to our long-standing support for the development of SAF
production in France and Europe. A solid SAF sector capable of
meeting our industry’s needs is a key factor in Europe’ sovereignty
and energy independence,” said Benjamin Smith, Chief Executive
Officer of Air France-KLM Group.
A long-standing partnership between TotalEnergies and Air
France-KLM
For the past 10 years, TotalEnergies and the Air France-KLM
Group have been working together to test and incorporate
sustainable aviation fuel. This partnership began in 2014 with
“Lab’line for the Future”, a two-year experiment during which 78
Air France flights between Paris-Orly and Toulouse, and between
Paris-Orly and Nice were fueled with 10% SAF supplied by
TotalEnergies.
In January 2020, TotalEnergies and Air France took part,
alongside Safran and Suez, in the Call for Expressions of Interest
launched by the French government to encourage the emergence of a
French SAF production industry.
Since 2022, TotalEnergies has been supplying SAF to Air
France-KLM Group airlines in France, as part of the French
incorporation mandate.
French and European SAF production
TotalEnergies is investing heavily in projects to produce more
sustainable aviation fuel in France and Europe:
- In Grandpuits: TotalEnergies is transforming the site
into a zero-oil platform with an investment of 400 million euros.
Mainly focused on the production of SAF from the circular economy,
Grandpuits will be able to produce 210,000 tons of sustainable
aviation fuel by 2025, and an additional 75,000 tons by 2027.
- In Normandy: TotalEnergies has started producing SAF at
its Gonfreville refinery. The company plans to increase production
to 160,000 tons of SAF per year by 2025.
- At La Mède: TotalEnergies has invested 340 million euros
to transform its refinery into a biorefinery. In 2024,
TotalEnergies has invested an additional 70 million euros to
process up to 100% waste from the circular economy and produce SAF
by 2025. Since 2021, biodiesel produced at La Mède has been used to
produce SAF at TotalEnergies' Oudalle plant near Le Havre.
- TotalEnergies is studying the production of SAF through
co-processing in its other European refineries by 2025.
About Air France-KLM
A global player with a strong European base, the Air France-KLM
Group’s main areas of business are passenger transport, cargo
transport and aeronautical maintenance.
Air France-KLM is a leading airline Group in terms of
international traffic on departure from Europe. It offers its
customers access to a worldwide network, covering over 320
destinations thanks to Air France, KLM Royal Dutch Airlines and
Transavia, mainly from its bases at Paris-Charles de Gaulle,
Paris-Orly and Amsterdam-Schiphol.
Flying Blue is the loyalty programme of the Air France-KLM Group
with more than 24 million members.
Together with its partners Delta Air Lines and Virgin Atlantic,
Air France-KLM operates the largest transatlantic joint venture,
with more than 340 daily flights. Air France-KLM is also a member
of the SkyTeam, the alliance dedicated to providing passengers with
a more seamless travel experience at every step of their journey 19
member airlines working together across an extensive global
network.
Recognized for 20 years as an industry leader in sustainable
development, the Air France-KLM Group is determined to accelerate
the transition to more sustainable aviation
About TotalEnergies
TotalEnergies is a global integrated 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 provide as many people as possible with
energy that is more reliable, more affordable and more sustainable.
Active in about 120 countries, TotalEnergies places sustainability
at the heart of its strategy, its projects and its operations.
@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. TotalEnergies SE has no
liability for the acts or omissions of these 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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