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TotalEnergies SE ( (FR:TTE) ) has issued an update.
TotalEnergies, through its affiliate TotalEnergies E&P Denmark, has entered into a Farm-Down Agreement with CarbonVault, the Danish affiliate of SCHWENK, for the Bifrost Carbon Capture and Storage (CCS) Project. TotalEnergies will hold a 45% interest in the project, which is part of its North Sea CCS portfolio, aimed at supporting industrial decarbonization. This partnership highlights TotalEnergies’ role in aiding customers’ emissions reduction efforts and aligns with Denmark’s ambition to become a European hub for CO2 storage.
More about TotalEnergies SE
TotalEnergies is a global integrated energy company that produces and markets a diverse range of energies including oil, biofuels, natural gas, biogas, low-carbon hydrogen, renewables, and electricity. With operations in about 120 countries and over 100,000 employees, the company is committed to providing reliable, affordable, and sustainable energy solutions, placing sustainability at the core of its strategy and operations.
For detailed information about TTE stock, go to TipRanks’ Stock Analysis page.