Regulatory News:
Air Liquide (Paris:AI), Borealis, Esso S.A.F., TotalEnergies
and Yara International ASA have signed a Memorandum of
Understanding (MoU) to explore the development of a CO2
infrastructure including capture and storage, to help decarbonize
the industrial basin located in the Normandy region, France. With
the objective to reduce CO2 emissions by up to 3 million tons per
year by 2030, which is equivalent to the emissions of more than 1
million passenger cars, the first phase will consist in studying
the technical and economical feasibility of this project. This
partnership, which will seek funding from European, French and
Regional schemes, is open to other industrial parties.
The ability of industrial players to reduce their CO2 emissions
in the medium and long term is a key issue for the sustainability
of industrial activities and ecosystems in the area of Axe
Seine/Normandy. The companies involved in the MoU have agreed to
collaborate to assess the technical and economical feasibility of
implementing an industrial CO2 capture and storage (CCS)
chain, from their industrial facilities to ultimate storage in
the North Sea.
François Jackow, Executive Vice President and a member of
the Air Liquide Group’s Executive Committee supervising
Europe Industries activities, said : “Air Liquide is pleased to
contribute to this project its unique expertise in CO2 capture and
liquefaction technologies. Since 2015 Air Liquide has successfully
implemented CryocapTM in its plant in Port Jérôme, Normandy, an
innovative proprietary CO2 capture and liquefaction technology,
which allows to capture up to 90 % of CO2 emissions. This wider
initiative illustrates how industrial players can mobilize to
decarbonize key industrial basins and contribute to the fight
against global warming. It is in line with Air Liquide’s Climate
Objectives, which target carbon neutrality by 2050.”
Leo Alders, Chief Operating Officer Borealis
Fertilizer, Technical Nitrogen and Melamine business said: “Our
strong interest in this project is in the first place driven by the
significant GHG reduction that can be achieved. It is our
responsibility to society to seek for and engage in solutions for
climate challenges. At the same time the project is an innovative
and collaborative approach across the leading regional industries,
creating new value chains.”
Charles Amyot, CEO of Esso S.A.F. and President of
ExxonMobil activities in France, said :“ExxonMobil has
more than 30 years of experience in CCS technology and is advancing
plans for more than 20 new CCS opportunities around the world. We
are pleased to collaborate on a joint study to assess the
feasibility of the deployment of CCS in the Axe Seine / Normandy
area, one of the most important technologies required to achieve
society’s climate goals.”
Bernard Pinatel, President of Refining & Chemicals
and member of the Executive Committee at TotalEnergies, said
: “We are pleased to join forces with some major industrial
players of the industrial basin of Normandy to collectively engage
into a cooperation to reduce the CO2 emissions from our facilities.
This collective effort will be facilitated by TotalEnergies’
actions in developing, with partners, CO2 storages in the North Sea
such as the Northern Lights and Aramis' projects. This CCS
initiative will contribute to the decarbonization of our Normandy
platform and is fully aligned with TotalEnergies’ ambition to get
to net zero emissions by 2050.”
Jorge Noval, President, Yara Industrial Solutions,
a global division of Yara International ASA, said : “This
alliance will support Yara Industrial Solutions’ journey to
decarbonize production units and all of our value chains. Carbon
Capture and Storage is essential in achieving our mid-term ambition
of a 30 % reduction in absolute CO2 emissions in 2030 compared to
2018, meaning a reduction of 200,000 tonnes of CO2 emissions,
equivalent to 100,000 tonnes Blue Ammonia at Le Havre production
plant. We will implement future technologies to reach carbon
neutrality in 2050 in line with Yara’s ambition. The
decarbonization of our site in France will allow us to continue
developing innovative applications for our industrial customers,
and the impact on society will be significant. Our chemical
industrial applications are all around us, from construction to
automotive, in animal nutrition and NOx emission reduction as
examples.”
About Air Liquide
A world leader in gases, technologies and services for Industry
and Health, Air Liquide is present in 78 countries with
approximately 64,500 employees and serves more than 3.8 million
customers and patients. Oxygen, nitrogen and hydrogen are essential
small molecules for life, matter and energy. They embody Air
Liquide’s scientific territory and have been at the core of the
company’s activities since its creation in 1902.
Air Liquide’s ambition is to be a leader in its industry,
deliver long term performance and contribute to sustainability -
with a strong commitment to climate change and energy transition at
the heart of its strategy. The company’s customer-centric
transformation strategy aims at profitable, regular and responsible
growth over the long term. It relies on operational excellence,
selective investments, open innovation and a network organization
implemented by the Group worldwide. Through the commitment and
inventiveness of its people, Air Liquide leverages energy and
environment transition, changes in healthcare and digitization, and
delivers greater value to all its stakeholders.
Air Liquide’s revenue amounted to more than 20 billion euros in
2020. Air Liquide is listed on the Euronext Paris stock exchange
(compartment A) and belongs to the CAC 40, EURO STOXX 50 and
FTSE4Good indexes.
About Borealis
Borealis is one of the world’s leading providers of advanced and
circular polyolefin solutions and a European market leader in base
chemicals, fertilizers and the mechanical recycling of plastics. We
leverage our polymers expertise and decades of experience to offer
value adding, innovative and circular material solutions for key
industries. In re-inventing for more sustainable living, we build
on our commitment to safety, our people and excellence as we
accelerate the transformation to a circular economy and expand our
geographical footprint.
With head offices in Vienna, Austria, Borealis employs 6,900
employees and operates in over 120 countries. In 2020, Borealis
generated EUR 6.8 billion in sales revenue and a net profit of EUR
589 million. OMV, the Austria-based international oil and gas
company, owns 75% of Borealis, while the remaining 25% is owned by
a holding company of the Abu-Dhabi based Mubadala. We supply
services and products to customers around the globe through
Borealis and two important joint ventures: Borouge (with the Abu
Dhabi National Oil Company, or ADNOC, based in UAE); and Baystar™
(with Total, based in the US).
About ExxonMobil - Esso S.A.F. is a listed company with an
82.89 percent ExxonMobil France Holding SAS interest
ExxonMobil, one of the largest publicly traded international
energy companies, uses technology and innovation to help meet the
world’s growing energy needs. ExxonMobil holds an industry-leading
inventory of resources, is one of the largest refiners and
marketers of petroleum products, and its chemical company is one of
the largest in the world. Learn more about our involvement in CCS:
Carbon capture and storage | ExxonMobil. References to “ExxonMobil”
in this press release are used for convenience and may refer to one
or more of Exxon Mobil Corporation and its affiliates.
About TotalEnergies
TotalEnergies is a broad energy company that produces and
markets energies on a global scale: oil and biofuels, natural gas
and green gases, renewables, and electricity. Our 105,000 employees
are committed to energy that is ever more affordable, clean,
reliable and accessible to as many people as possible. Active in
more than 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.
Cautionary Note - This press release, from which no legal
consequences may be drawn, is for information purposes only. The
entities in which TotalEnergies SE directly or indirectly owns
investments are separate legal entities. TotalEnergies SE has no
liability for their acts or omissions. The terms “Company” or
“TotalEnergies company” refer collectively to the company
TotalEnergies SE and the companies it controls directly or
indirectly. Such terms are used solely for the sake of convenience
for purposes of the present communication. 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 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.
About Yara International ASA
Yara grows knowledge to responsibly feed the world and protect
the planet. Supporting our vision of a world without hunger and a
planet respected, we pursue a strategy of sustainable value growth,
promoting climate-friendly crop nutrition and industrial
applications with a target of zero-emission energy solutions.
Our global division Yara Industrial Solutions aims to be the
world leader in nitrogen and sustainable applications for
industrial markets. We offer solutions to an extensive range of
sectors - from the chemical, transport and construction industries
- right into the food chain and even people's homes.
Yara operates an integrated business model with around 17,000
employees and operations in over 60 countries. We have a proven
track record of strong returns and in 2020, Yara reported revenues
of USD 11.6 billion.
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Contacts Air Liquide
Corporate Communications media@airliquide.com Investor
Relations IRTeam@airliquide.com
Contact Borealis
Kaatje Caignie Head of Communications Borealis Fertilizers, TEN
& Melamine Business Kaatje.Caignie@borealisgroup.com
Contact Esso S.A.F.
Esso.france@exxonmobil.com Catherine Brun
:catherine.brun@exxonmobil.com Olivier Dumas :
olivier.dumas@exxonmobil.com
Contacts TotalEnergies
Media Relations: +33 1 47 44 46 99
presse@totalenergies.com Investor Relations: +44 (0)207 719
7962 ir@totalenergies.com
Contacts Yara International ASA
Frank De Vogelaere, SVP, Production & HESQ
frank.de.vogelaere@yara.com Gilles Raskopf, Director
Technology Projects gilles.raskopf@yara.com
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