TotalEnergies

Company Overview

TotalEnergies is an energy and petroleum company that produces and markets fuels, natural gas, and electricity. The company has started transitioning towards renewable and is producing biofuels, green gases, and renewables. In 2022, the company has distributed 3.3 million tons of biofuels. The company also produces sustainable aviation fuel and plans to increase its capacity by 1.5 million tons annually by 2030. It also aims to make 20 terawatt hours of biomethane annually by 2030.

TotalEnergies has taken many initiatives to decarbonize the shipping sector and is targeting to become a key biofuel supplier for the marine industry by 2030.

• In 2020, the company joined the Getting to Zeo coalition and supported the maritime industry in decarbonizing efforts by partnering with companies.

• In 2021, TotalEnergies partnered with Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping, enhancing its research and development in low-carbon shipping solutions.

• In 2022, TotalEnergies supplied biofuels to container ships in Singapore ports. The fuel contained a mixture of low-sulfur fuel oil and 24% of second-generation biofuels made from used cooking oil and waste.

• The company is planning to commercialize biomethane as a marine fuel.

• In 2021, the company signed an MOU with 34 shipping companies to study the feasibility of using ammonia as a marine fuel.

• In the first quarter of 2023, the company tested around 200 tons of biofuels in ships in the port of France.

Financial Highlights (FY 2023)

Company's Business Segments

• Exploration & Production : This segment includes exploring and producing oil, natural gas, and carbon neutrality activities across 50 countries.
• Integrated LNG : This segment covers an integrated gas chain comprising upstream and midstream LNG activities, hydrogen, and gas trading activities.
• Integrated Power : This segment includes electricity production, storage, trading, and gas-electricity marketing activities to B2B and B2C customers.
• Refining & Chemicals : This segment covers refining, base petrochemicals (olefins and aromatics), and polymer derivatives (polyethylene, polypropylene, polystyrene, and hydrocarbon resins), which includes biopolymers and recycled polymers obtained from chemical and mechanical recycling.
• Marketing & Services : This segment comprises the worldwide supply and marketing of petroleum products and services, low-carbon fuels, and new energies for mobility.