Olivier Hautin

Air Liquide and Dunkerque LNG have received a €160m ($171m) grant from the European Commission to advance their €400m ($430m) D'Artagnan #carboncapture transport hub. D'Artagnan, the first carbon #infrastructure project in #France to receive financing from the European Union, will have an initial transport capacity of 1.5 mtpa, expandable to 4 mtpa. Read "Decarbonization of the Dunkirk basin: Air Liquide and Dunkerque LNG CO₂ infrastructure project takes a major step forward and receives support from the European Union" here: https://lnkd.in/ee7wEWjp #sustainability #energytransition #CO2 #carbon #decarbonization #decarbonisation #ccs #ccus #carbonremoval

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COLUMN: My interview with TotalEnergies CEO Patrick Pouyanné, discussing the profitable energy transition path the French major is trail blazing: still growing its traditional oil and gas production, but also using the cash flow to invest in electricity. Plus -- and this was a bit of a 'oh là là' moment for me -- whether to switch the listing from Paris from New York. An idea he thinks needs to be explored as "there is case" for it. “It’s not emotional. It’s business.” Some details below -- and more following the link: "In Europe, instead of supporting the European companies who want to make this transition, even if it’s difficult, they look to us and say: look, you continue making oil and gas.” He’s unapologetic, however. “Of course, I continue to make oil and gas,” he says, emphasizing that demand for fossil fuels is still climbing. “There’s this wrong idea that supply would dictate demand. No sorry, it doesn’t work like that.” With French and other European investors lukewarm to his plans, Pouyanne is increasingly courting American money. It isn’t an easy battle: US funds already account for 47% of its shareholder base, and a Paris-listed company isn’t an easy sell in New York. American investors have plenty of choice at home now that the country has become the world’s largest oil producer, home to the shale revolution. So is TotalEnergies thinking about relocating its primary listing away from Europe and to New York to attract US money — something that Shell is also considering? In short, yes. “I think it's a fair question,” he says, adding “there’s a case” to move the listing. “It’s not emotional. It’s business.” The comment, even if hedged, is likely to shock French politicians. TotalEnergies is a national champion, and the second-largest company in the benchmark CAC 40 index, after luxury behemoth LVMH Moet Hennessy Louis Vuitton SE. The location of the headquarters isn’t in doubt, he says: It will remain in Paris. But the listing is another matter. “We are facing a situation where European shareholders, either they sell or maintain, and US shareholders are buying,” he says. “So what is the most convenient for US shareholders? Do they prefer to have the shares being primarily listed in New York or in Europe? I think when you ask the question, you have the answer.” Bloomberg Opinion #EnergyTransition #oil #gas #electricity

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This week in your #FridayFix… 🛢️ TotalEnergies CEO Patrick Pouyanne was interviewed about the energy transitions in Bloomberg, and was revealing on the decisions that energy majors are having to make about their strategies and capital allocation. Pouyanne is optimistic about fossil fuel alternatives, which Total believes could account for 20% of its total energy sales by 2030. But the CEO stressed this transition can only happen if the company maintains a strong balance sheet – continuing to produce both fossil fuels and #cleanenergy until renewables can become cash-flow positive for the business (he estimates in 2028). Progress certainly, but too slow for most major projections modelling the routes to Net Zero... 👉 https://lnkd.in/euTpSscK   ⛑️ The Financial Times' new series ‘Health and Climate Change’ also caught our eye, highlighting important links between environment loss and spread of disease:   Studies continue to show that climate change is linked to negative health outcomes, including risking fuelling antibiotic-resistant ‘superbugs’ as higher temperatures, more flooding, rising pollution, and growing population crowding are all forecast to stoke bacterial resistance to existing drugs. #AMR (antimicrobial resistance) is a hot topic in the UN right now. 👉 https://lnkd.in/eMFKQcMa   Similarly, increasing #deforestation is a major driver of human infection and disease, opening paths for contamination to spread from animals to humans as they can spill over more easily – HIV, Zika, Sars, mpox and Ebola are some of the diseases that have emerged from tropical forests. 👉 https://lnkd.in/eDTVRTEn   🚜 And finally, on a lighter note, a new soil sensor said to be ‘revolutionising’ European agriculture has started UK trials. Measuring nutrient movement throughout the soil, the sensor helps growers make decisions about when to apply fertiliser, optimising nutrient uptake efficiency and increase profitability by reducing fertiliser use. 👉 https://lnkd.in/e7wgXFi4 #cleanenergytransition #climatechange #agriculture #ESG

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https://lnkd.in/eDMnT_RP Decarbonization of European Refineries: A First Agreement Signed Between TotalEnergies and Air Products for the Delivery of Green Hydrogen TotalEnergies and Air Products have signed a 15-year agreement for the annual supply in Europe of 70,000 tons of green hydrogen starting in 2030. This first long-term deal follows TotalEnergies’ call for tenders for the supply of 500,000 tons per year of green hydrogen to decarbonize TotalEnergies’ European refineries. Under the agreement, Air Products will deliver at TotalEnergies’ Northern European refineries’ doorstep, green hydrogen from Air Products’ global supply network. This hydrogen will avoid around 700,000 tons ofCO₂each year. The contract awarded to Air Products is a first step towards achieving TotalEnergies’ objective of reducing net greenhouse gas emissions from its operated oil and gas operations (Scope 1+2) by 40% by 2030 compared to 2015 levels.

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The German Federal Minister Robert Habeck is in China today. He wants to explain the European Commission's decisions on EV tariffs. It would be better to watch and learn in #China. I can only agree with Jens Schmidt, he describes the situation excellently. This also helps to understand why Enapter made the decision for China. We have to go where the real competition is. Enapter has so far given everything at its locations in Italy and Germany - but the Chinese sales market already allows the players represented there to scale up properly, and we will participate in this with our partner Wolong Electric Group Co., Ltd. In #Europe we are unfortunately already talking about empty factories and too much production capacity for far too few projects. I still hope that Europe can catch up, but it will be very hard work. Enapter has the most modern hydrogen technology (#AEM) and already has customers in more than 60 countries - an asset. Nevertheless, we have to make even faster progress in scaling. Here too, politics cannot help, only the market can help. And Enapter is ready!

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Great news for one of Rely’s two mother companies, John Cockerill, announcing strategic partnerships with SLB and several public investors (SFPIM, Wallonie Entreprendre) to accelerate the deployment of its electrolyzers strategy. This 230m€ raise of equity consolidates John Cockerill’s position on the pressurized alkaline electrolyzers market. It also demonstrates that the hydrogen market is moving forward, and that accelerating the deployment of technologies at scale requires investments and strategic partnerships between major industrial players. #BridgeTheGap #GreenHydrogen #PowerToX Technip Energies

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Vitol buying a controlling stake in Saras Refinery in Italy in February, Trafigura pursuing Exxon's Fos-sur-Mer Refinery in Southern France in April or Glencore acquiring Shell's refining and petchem assets in Singapore this month... My colleagues Timothy Fitzgibbon, Anant Shankar and Patrick Green were discussing last year the trading value and optionality that refining assets provide to traders. The window of opportunity for refinery transactions is finally materializing! We discuss the dichotomy in refinery ownership, with some players reducing their refining portfolios while others see the significant value potential in both the short- and long-term.

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“Fluxys hydrogen appointed as “#HydrogenNetworkOperator ” in Belgium” “The appointment as “HNO” – Hydrogen Network Operator – for Belgium is a major step forward in the #energytransition . Leveraging Fluxys’ decades of expertise in #gastransport , Fluxys hydrogen will develop the necessary infrastructure for #transportinghydrogen , an essential component to reach the #climatetargets .” “In accordance with the federal #hydrogenstrategy , Fluxys hydrogen will undertake the development and operation of a #hydrogenpipelinenetwork , which will be part of the “#EuropeanHydrogenBackbone ”. This will enable the necessary #lowcarbonenergy to be transported both for the Belgian market and to neighbouring countries. These molecules are a necessary part of the #energymix , needed to #decarbonisesociety in a #costefficient manner and taking into account #securityofsupply .” Photo of Fluxys Belgium Press release https://shorturl.at/aorL8 https://lnkd.in/ebSZ3kmA? Source- original post Read all my posts #MariusPreston

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It was a pleasure to participate this month to the FT Commodities Global Summit in Lausanne. While Europe is currently experiencing record-high inventories after this mild winter, there might still be some potential concerns on the mid-term about the #globalenergy flows and the #Energysecurity of #gassupply in Europe. As a result of the loss of most of Russian pipeline gas, Europe has turned in a premium market that will be in future competition with the #LNGdemand in Asia. In the coming years, 70% of the LNG demand growth should be located in Asia which is expected to phase out its coal consumption with some #LNGprices hopefully stabilizing. Moreover, in the past few months, we have witnessed the closure of 2 main trade routes for the LNG carriers: the Panama and Suez canals, the first has been hit by the drought that triggered the limitation of LNG vessels transits, while the latter has been affected by the geopolitical tensions in the middle east. Such situation will enhance the need for physical swaps of cargoes between the 2 basins by the #LNGmarket participants. #LNGPortfolioPlayers like TotalEnergies will be in a position through their flexibilities to ease any potential market tensions for the benefit of the #LNGcustomers and their #gasconsumption.

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The International Energy Agency (IEA) has published its #CriticalMinerals Outlook, which references #copper as the only critical mineral present in all of the most important #cleanenergy technologies, making the security of supply of copper paramount for the #energytransition. The IEA notes the value of innovative new technologies, including advanced mineral processing techniques to help solve the supply challenge. https://lnkd.in/escSsT5P

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⚡TotalEnergies 1Q24 results snapshot⚡ #TotalEnergies 1Q24 results showed a strong quarter for its Integrated Power segment, with earnings up 65% and capex accounting for 47% of group net investments. However, the company’s completion of TexGen, a portfolio three gas-fired power plants in the US, accounted for $635m of net investments alone. Consequently, at least ~40% of Integrated Power capex was directed at gas. Read about the rest of TotalEnergies' 1Q24 performance here: https://lnkd.in/gx8jxFFA Accela Research #climatefinance #esginvesting #accelaresearch #oilandgas #sustainablefinance #sustainability #climatetransition

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Green hydrogen companies play a crucial role in today's climate tech landscape by offering sustainable solutions for decarbonizing various sectors. Following green hydrogen companies are doing commendable work in helping the transition towards a low carbon economy. 🌱 Sunfire, led by Nicolas Broccard, Specializes in industrial electrolyzers for transitioning away from fossil fuels. 🌱 SunGreenH2, led by Tulika Raj and Saeid Masudy Panah, focuses on high-performance electrolyzers using advanced nanostructured materials. 🌱 Ecolectro, Inc., led by Gabriel G. Rodríguez-Calero, is known for innovative electrolyzer technology integrating patented polymers. 🌱 Lhyfe, led by Matthieu Guesné, focuses on modular, 100% green industrial hydrogen production plants. 🌱 EverWind Fuels, led by Trent Vichie, specializes in green hydrogen and green ammonia production using renewable energy sources like wind power. #GreenHydrogen #ClimateTech #RenewableEnergy #Decarbonization #Sustainability #CleanEnergy #HydrogenEconomy #Innovation #EnergyTransition #ClimateAction #GreenEconomy #RenewableHydrogen #ZeroEmissions

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“A HYNION AND HYUNDAI PARTNERSHIP TO PROMOTE HYDROGEN STATIONS IN NORWAY” Article written by Laurent Meillaud and translated by Mariem Ben Tili - 25/04/2024 “To ensure supply for its customers, Hyundai will contribute to the costs of operating Hynion’s #hydrogenrefuellingstation in Høvik, near Oslo. This cooperation is a strategic step towards the expansion of the infrastructure in Norway.” “The Høvik station is currently the only operational #hydrogenstation in Norway, making it important to keep fully operational. Hyundai’s financial support will facilitate the improvements and upgrades needed to double its capacity. Plans include adding a second pump and replacing the payment system.” “This partnership is part of Hyundai’s global strategy to promote #hydrogentechnology and infrastructure. “we look forward to an ongoing close cooperation to promote the increasing use of #hydrogen as a fuel for vehicles,” says Seong Woong Suh, CEO Hyundai Motor Norway.” “As well as operating the Høvik station, Hynion also runs a station at Porsgrunn, which is currently closed pending re-certification. The company is also looking into the possibility of setting up new #hydrogenrefuellingstations in Norway.” https://lnkd.in/e5ma93b8? Source- original post Read all my posts #MariusPreston #hydrogenmobility

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France is witnessing the emergence of a nascent green hydrogen industry, marked by the inauguration of giga-factories in Belfort and Bordeaux. However, this development faces… https://lnkd.in/eCA9VdfK

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Record reduction of 2023 #ETS emissions due largely to boost in #renewable energy Last year’s emissions under the EU’s Emission Trading System (ETS) show the most significant annual emissions reductions since the ETS was launched in 2005. The main driver is the power sector’s significant progress in #decarbonisation.

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