TotalEnergies Bets Big on Green Hydrogen

TotalEnergies aims to make their European oil refining greener by buying 500,000 tons of green hydrogen annually.

Sébastien Bruna, the company’s hydrogen head, said, “We want a greener industry.”

The firm will replace 500,000 tons of gray hydrogen by 2030. This hydrogen currently removes sulfur in six European refineries and two in France.

Jean-Marc Durand, in charge of refining, aims to cut 5 million tons of CO2 yearly. These sites emitted 20.9 million tons of CO2 in 2015.

Durand also gave a one-year deadline to collect global offers. Green hydrogen comes from water electrolysis and emits almost no CO2.

Gray hydrogen, made from methane, emits nearly 10 tons of CO2 per ton.

TotalEnergies will also partner with Air Liquide for clean hydrogen production in France. They aim to produce 15,000 tons yearly by 2026.

Background

TotalEnergies is no newcomer to the energy industry. It’s a leading French company with a history in fossil fuels.

However, there’s a global shift towards renewable energy. Companies like TotalEnergies see green hydrogen as a solution for cleaner fuel.

Green hydrogen is gaining popularity as a renewable resource. It’s clean, sustainable, and can reduce carbon footprints.

In contrast, gray hydrogen has a larger environmental impact. It contributes to carbon emissions and climate change.

Governments are pushing companies to reduce carbon emissions. The European Union, for example, has ambitious green targets for 2030.

TotalEnergies’ move aligns well with these goals. It’s not just good for the planet, but it also makes business sense in today’s eco-conscious market.