TOTAL: Total and ADNOC Sign Strategic Framework Agreement on CO2 Emissions Reduction and CCUS
12 Noviembre 2020 - 3:49AM
UK Regulatory
TIDMTTA
Total (Paris:FP) (LSE:TTA) (NYSE:TOT) signed a strategic
framework agreement with the Abu Dhabi National Oil Company
(ADNOC), to explore joint research, development and deployment
partnership opportunities in the areas of CO(2) emission reductions
and carbon capture, utilization and storage (CCUS).
The agreement brings together the best-in-class in low carbon
technologies from ADNOC and Total, and expands on the long-standing
partnership and collaboration between the two leading energy
producers across the full value chain.
The agreement was signed by His Excellency Dr. Sultan Ahmed Al
Jaber, UAE Minister of Industry and Advanced Technology and ADNOC
Group CEO, and Patrick Pouyanné, Chairman & CEO of Total during
a meeting in Abu Dhabi.
"We are pleased to strengthen our partnership and alliance with
Total as we work towards a low carbon future. The agreement builds
on our sustainability goal to decrease greenhouse gas (GHG)
intensity by 25% by 2030 and reinforces ADNOC's commitment to
responsible oil and gas production as we deliver on our 2030 smart
growth strategy. We look forward to leveraging this expertise and
collaborating with Total to further research and develop low carbon
technologies and sustainable growth opportunities," said H.E. Dr
Sultan Ahmed Al Jaber, ADNOC Chief Executive Officer.
Under the terms of the agreement, ADNOC and Total will jointly
explore opportunities to reduce CO(2) emissions, improve energy
efficiency and the use of renewable energy for oil and gas
operations. In the area of CCUS the companies will further develop
joint research into new technologies covering carbon capture,
storage solutions and enhanced oil recovery projects based on CO(2)
usage.
"We are very pleased to start this new cooperation with ADNOC,
our long-term partner in the United Arab Emirates. This initiative
will allow the two companies to join forces in several domains such
as the reduction of carbon emissions on industrial sites,
improvement of the energy efficiency in operations, and the
development of innovative solutions and business models towards the
CCUS chain. This is a perfect example of Total's commitment to
leverage its global presence and expertise to act towards its 2050
net-zero ambition alongside its long-standing key partners," said
Patrick Pouyanné, Chairman & CEO of Total.
About Total and ADNOC
Total currently collaborates with ADNOC across the full value
chain, from offshore and onshore exploration, development and
production of oil and gas, to gas processing and liquefaction,
products marketing, including R&D and National Talent
development.
About Total
Total is a broad energy company that produces and markets fuels,
natural gas and electricity. Our 100,000 employees are committed to
better energy that is more affordable, more reliable, cleaner and
accessible to as many people as possible. Active in more than 130
countries, our ambition is to become the responsible energy
major.
* * * * *
Cautionary Note
This press release, from which no legal consequences may be
drawn, is for information purposes only. The entities in which
TOTAL SE directly or indirectly owns investments are separate legal
entities. TOTAL SE has no liability for their acts or omissions. In
this document, the terms "Total", "Total Group" and Group are
sometimes used for convenience. 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 TOTAL 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.
Total
Media Relations: +33 1 47 44 46 99 l presse@total.com l
@TotalPress
Investor Relations: +44 (0)207 719 7962 l ir@total.com
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SOURCE: TOTAL
Copyright Business Wire 2020
(END) Dow Jones Newswires
November 12, 2020 04:49 ET (09:49 GMT)
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