Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
TotalEnergies SE ( (FR:TTE) ) has shared an update.
TotalEnergies is advancing its commitment to decarbonizing air transport by ramping up production of sustainable aviation fuel (SAF). By 2028, the company aims to produce over half a million tons of SAF annually, surpassing the European mandate of a 6% SAF blend by 2030. This initiative includes significant investments in biorefineries and partnerships with companies like SARIA and Airbus to enhance SAF production and research. TotalEnergies has also secured major contracts with airlines such as Air France-KLM and Volotea to supply SAF, positioning itself as a leader in the sustainable aviation sector.
More about TotalEnergies SE
TotalEnergies is a global integrated energy company involved in the production and marketing of various forms of energy, including oil, biofuels, natural gas, biogas, low-carbon hydrogen, renewables, and electricity. The company operates in about 120 countries and emphasizes sustainability in its strategy and operations.
For a thorough assessment of TTE stock, go to TipRanks’ Stock Analysis page.