GREY:XEBEQ - Post by User
Post by
treehillon Jan 11, 2021 9:19am
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Post# 32265818
Total acquisition in RNG
Total acquisition in RNG Total becomes French leader in renewable gas with acquisition of Fonroche Biogaz
- Total (NYSE:TOT) acquires Fonroche Biogaz, a company that designs, builds and operates anaerobic digestion units in France.
- "This acquisition is consistent with our strategy and our climate ambition to get to Net Zero by 2050. We intend to produce 1.5 terawatt-hours (TWh) of biomethane a year by 2025 and Fonroche Biogas is therefore the cornerstone of our development in this market," says Philippe Sauquet, President Gas, Renewables & Power at Total.
- With this acquisition, Total becomes a major player in renewable gas in France and Europe, and significantly strengthens its presence in the sector.
- In December 2020, Total signed a memorandum of understanding with Clean Energy to establish a $100M 50/50 joint venture to develop renewable gas production projects in the U.S.