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TotalEnergies, Borealis, Air Liquide, Esso and Yara Collaborate sign MoU to research carbon capture and storage technologies in France

July 13/2021

MOSCOW (MRC) -- Air Liquide, 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, as per TotalEnergies press release.

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.

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.

As MRC reported previously, in June 2021, TotalEnergies and Novatek have signed a Memorandum of Understanding (MoU) to jointly work on sustainable reductions of the CO emission resulting from the production of liquefied natural gas (LNG) including with the use of renewable power, to develop large-scale carbon capture and storage solutions (CCS) and to explore new opportunities for developing decarbonized hydrogen and ammonia.

We remind that in November 2019, Total disclosed that itis evaluating construction of a new gas cracker at its Deasan, South Korea, joint venture (JV) with Hanwha Chemical.

Ethylene and propylene are the main feedstocks for the production of polyethylene (PE) and polypropylene (PP), respectively.

According to MRC's ScanPlast report, Russia's estimated PE consumption totalled 744,130 tonnes in the first four month of 2021, up by 4% year on year. Shipments of all PE grades increased. At the same time, PP deliveries to the Russian market were 523,900 tonnes in January-April 2021, up by 55% year on year. Supply of homopolymer PP and PP block copolymers increased, whereas shipments of PP random copolymers decreased.

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. Air Liquides revenue amounted to more than EUR20 billion in 2020.

Borealis is one of the worlds leading providers of advanced and circular polyolefin solutions and a European market leader in base chemicals, fertilizers and the mechanical recycling of plastics. With head offices in Vienna, Austria, Borealis employs 6,900 employees and operates in over 120 countries. In 2020, Borealis generated EUR6.8 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.

Esso S.A.F. is a listed company with an 82.89% ExxonMobil France Holding SAS interest. ExxonMobil, one of the largest publicly traded international energy companies, uses technology and innovation to help meet the worlds 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.

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. Its 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.


mrcplast.com
Author:Margaret Volkova
Tags:Europe, crude and gaz condensate, car components, gas processing, Air Liquide, Borealis, Exxon Mobil, Total Petrochemicals, France.
Category:General News
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