0001193125-20-260408.txt : 20201001
0001193125-20-260408.hdr.sgml : 20201001
20201001062459
ACCESSION NUMBER:0001193125-20-260408
CONFORMED SUBMISSION TYPE:6-K
PUBLIC DOCUMENT COUNT:20
CONFORMED PERIOD OF REPORT:20201001
FILED AS OF DATE:20201001
DATE AS OF CHANGE:20201001
FILER:
COMPANY DATA:
COMPANY CONFORMED NAME:TOTAL SE
CENTRAL INDEX KEY:0000879764
STANDARD INDUSTRIAL CLASSIFICATION:CRUDE PETROLEUM & NATURAL GAS [1311]
IRS NUMBER:000000000
STATE OF INCORPORATION:I0
FISCAL YEAR END:1231
FILING VALUES:
FORM TYPE:6-K
SEC ACT:1934 Act
SEC FILE NUMBER:001-10888
FILM NUMBER:201214216
BUSINESS ADDRESS:
STREET 1:2 PLACE JEAN MILLIER
STREET 2:LA DEFENSE 6
CITY:COURBEVOIE
STATE:I0
ZIP:92400
BUSINESS PHONE:33147444546
MAIL ADDRESS:
STREET 1:2 PLACE JEAN MILLIER
STREET 2:ARCHE NORD COUPOLE/REGNAULT
CITY:PARIS LA DEFENSE CEDEX
STATE:I0
ZIP:92078
FORMER COMPANY:
FORMER CONFORMED NAME:TOTAL S.A.
DATE OF NAME CHANGE:20121204
FORMER COMPANY:
FORMER CONFORMED NAME:TOTAL SA
DATE OF NAME CHANGE:20030508
FORMER COMPANY:
FORMER CONFORMED NAME:TOTAL FINA ELF SA
DATE OF NAME CHANGE:20001010
6-K
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6-K
6-K
UNITED STATES
SECURITIES AND EXCHANGE
COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN
PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 OF
THE SECURITIES EXCHANGE ACT OF 1934
October 1, 2020
Commission File
Number 001-10888
TOTAL SE
(Translation of registrants name into English)
2, place Jean Millier
La Défense 6
92400
Courbevoie
France
(Address of
principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F☒Form 40-F☐
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ☐
Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders.
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ☐
Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant foreign private
issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrants home country), or under the rules of the home country exchange on
which the registrants securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrants security holders, and, if discussing a material event, has
already been the subject of a Form 6-K submission or other Commission filing on EDGAR.
TOTAL SE is providing on this Form 6-K a description of certain recent developments relating to its business.
TABLE OF CONTENTS
SIGNATURES
EXHIBIT INDEX
Exhibit 99.1
Groupe PSA and Total create Automotive Cells Company, a joint venture dedicated to the manufacture of batteries in Europe
(September 3, 2020)
Exhibit 99.2
Brazil : Total Resigns From its Role of Operator in the Foz Do Amazonas Basin (September 7, 2020)
Exhibit 99.3
U.S. Department of Energys National Energy Technology Laboratory Announces Investment to Further Develop LH CO2MENT Colorado
Project, Carbon Capture Technology (September 17, 2020)
Exhibit 99.4
Energy Transition: Total Is Investing More Than 500 Million To Convert Its
Grandpuits Refinery Into a Zero-Crude Platform for Biofuels and Bioplastics (September 24, 2020)
Exhibit 99.5
Renewables: Total strengthens its position in the Spanish solar market and covers all its power needs in Europe with green energy
(September 25, 2020)
Exhibit 99.6
Brazil: Total Exits the Foz Do Amazonas Basin (September 28, 2020)
Exhibit 99.7
United Kingdom: Total Acquires Londons Largest Electric Vehicle Charge Points Network (September 29, 2020)
Exhibit 99.8
Total Extends its Biodiversity Ambition To Coincide With the Preparation of the United Nations Plan for Biodiversity (September 29,
2020)
Exhibit 99.9
2020 Strategy & Outlook Presentation (September 30, 2020)
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
TOTAL SE
Date: October 1, 2020
By:
/s/ ANTOINE LARENAUDIE
Name:
Antoine LARENAUDIE
Title:
Group Treasurer
EX-99.1
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EX-99.1
EX-99.1
EXHIBIT 99.1
Press Release
Groupe PSA and Total create Automotive Cells Company, a joint venture dedicated to the manufacture of batteries in Europe.
Paris, September 3rd, 2020
The creation of ACC1 marks the birth of a major player in battery
production in Europe.
Yann Vincent has been appointed Chief Executive and Ghislain Lescuyer Chairman of the Board of the joint venture.
This ambitious project, announced in January 2020, pools the expertise of each
partner to develop and produce batteries with the highest level of performance worldwide.
ACC benefits from the support of the French and German authorities, as well as the European institutions, to accompany
the energy transition of mobility.
Groupe PSA/Opel and Total/Saft have signed an agreement for the creation of the joint
venture ACC. Yann Vincenthas been appointed Chief Executive in order to implement and develop it. Ghislain Lescuyerhas been appointed Chairman of the Board.
With this partnership, the parties are setting up a world-class player in the development and manufacture of high-performance batteries for the
automotive industry from 2023.
Total/Saft will contribute its expertise in R&D and industrialization, and Groupe PSA its knowledge of the
automotive market and its experience in production. The R&D centre in Bordeaux and the pilot site in Nersac (France) have already started in order to develop the new high-performance lithium-ion
technologies. At the end of this R&D phase, mass production could be launched in two gigafactories, in Douvrin (France) and Kaiserslautern (Germany).
This project aims to:
✓
Respond to the challenges of the energy transition by reducing the environmental footprint of vehicles throughout the
value chain in a desire to offer clean and affordable mobility to citizens.
✓
Produce batteries for electric vehicles that will be at the highest technological level in terms of energy
performance, autonomy, recharging time and carbon footprint.
✓
Develop production capacity, essential to accompany the growth demand for electric vehicles in a European market
estimated at 400 GWh by 2030, i.e. 15 times the current market.
✓
Ensure industrial independence in Europe for the conception and manufacture of batteries, with an initial capacity of
8 GWh, reaching a cumulative capacity of 48 GWh
1 ACC : Automotive Cells Company
on both sites by 2030. It will represent 1 million electric vehicles produced per year, i.e. more than 10% of the European market.
✓
Position ACC as a major competitive player in supplying electric vehicle manufacturers.
This project benefits from the financial support of French and German public authorities representing
1.3 billion. It received the European institutions agreement through an IPCEI project that testifies to the strategic importance of mobility for the energy transition. The whole project
will mobilize an investment more than 5 billion investment.
Carlos Tavares, Chairman
of Groupe PSA: «The construction of the European battery consortium that we wished for is now a reality. I would like to pay special tribute to the commitment of the Total/Saft and Groupe PSA/Opel teams who have made this project come
true. This new step is consistent withour central purpose: to offer citizens clean, safe and affordable mobility and gives Groupe PSA a competitive advantage in
the context of growing sales of electric vehicles. ACC takes Groupe PSA further along the road to carbon neutrality».
Patrick
Pouyanné, Chairman of Total comments: The creation of ACC illustrates Totals commitment to meet the challenge of climate change and to develop as a broadenergycompany, a major player
in the energy transition, by continuing to provide affordable, reliable, and cleaner energy. Our ambition is to leverage the recognized expertise of our subsidiary SAFT in batteries and the industrial know-how
of our partner PSA to meet the strong growth of electric vehicles in Europe. I would like to offer my encouragement to the teams who will be joining ACC to make this adventure a real European technological and industrial success.
About Groupe PSA
Groupe PSAdesigns unique automotive experiences and delivers mobility solutions to meet all customer expectations. The Group has five car brands,
Peugeot, Citroën, DS, Opel and Vauxhall and provides a wide array of mobility and smart services under the Free2Move brand. Its Push to Pass strategic plan represents a first step towards the achievement of the Groups vision
to be a global carmaker with cutting-edge efficiency and a leading mobility provider sustaining lifetime customer relationships. An early innovator in the field ofautonomous
and connected cars, Groupe PSA is also involved in financing activities through Banque PSA Finance and in automotive equipment via Faurecia..
Media library: medialibrary.groupe-psa.com /
@GroupePSA_EN
About Total
Total is a broad energy company that produces and markets fuels, natural gas and
low-carbon electricity. Our 100,000 employees are committed to better energy that is more affordable, more reliable, cleaner and accessible to as many people as possible. Active in more than 130
countries, our ambition is to become the responsible energy major.
About Saft
Saft specializes in advanced technology battery solutions for industry, from design and development to production, customization and service provision. For 100 years,
Safts longer-lasting batteries and systems have provided critical safety applications, back-up
power and propulsion for our customers. Our innovative, safe and reliable technology delivers high performance on land, at sea, in the air and in space. Saft is powering industry and smarter
cities, while providing critical back-up functionality in remote and harsh environments from the Arctic Circle to the Sahara Desert. Saft is a wholly-owned subsidiary of Total, a major energy player that
produces and markets fuels, natural gas and low-carbon electricity.
* * * * *
Contacts :
Groupe PSA :
·
Claudia Raynaud +33 6 61 64 03 83 claudia.lefevre@mpsa.com
·
Alain le Gouguec +33 6 42 59 27 84 alain.legouguec@mpsa.com
Saft :
·
Relations Médias +33 1 58 63 16 60
karen.hollington@saftbatteries.com
Total :
·
Relations presse +33 (0)1 47 44 46 99 presse@total.com @TotalPress
·
Relations Investisseurs +44 (0)207 719 7962 ir@total.com
Cautionary note
This press
release, from which no legal consequences may be drawn, is for information purposes only. The entities in which TOTAL SE directly or indirectly owns investments are separate legal entities. TOTAL SE has no liability for their acts or omissions. In
this document, the terms Total, Total Group and Group are sometimes used for convenience. Likewise, the words we, us and our may also be used to refer to subsidiaries in general or to those
who work for them.
This document may contain forward-looking information and statements that are based on a number of economic data and assumptions made in
a given economic, competitive and regulatory environment. They may prove to be inaccurate in the future and are subject to a number of risk factors. Neither TOTAL SE nor any of its subsidiaries assumes any obligation to update publicly any
forward-looking information or statement, objectives or trends contained in this document whether as a result of new information, future events or otherwise.
EX-99.2
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EX-99.2
EX-99.2
EXHIBIT 99.2
Press Release
Brazil : Total Resigns From its Role of Operator
in the Foz Do Amazonas Basin
Paris,
September7, 2020 Total announces that it has notified its partners on August 19 about its resignation from its role of operator for five exploration blocks, located in the Foz do Amazonas Basin, 120 kilometers
offshore Brazil. These exploration blocks are referenced as FZA-M-57, FZA-M-86, FZA-M-88, FZA-M-125 and
FZA-M-127.
Total has informed the National Agency of Petroleum,
Natural Gas and Biofuels (ANP) of this decision, that opens a period of 6-months during which a new operator will be appointed and to whom the operated activities will be handed over. During this period,
Total has the duty to continue monitoring all regulatory processes on behalf of its partners Petrobras and BP.
Total in Brazil
Total has been present in Brazil for over 40 years and has more than 3,000 employees in the country. The Group operates in all segments: exploration and
production, gas, renewable energies, lubricants, chemicals, and distribution.
Total Exploration & Productions portfolio currently
includes 24 blocks, with 10 operated. In 2019, the Groups production in the country averaged 16,000 barrels of oil per day. In October 2019, a consortium led by Total was awarded Block C-M-541, located in the Campos Basin, in the 16th Bidding Round held by Brazils National Petroleum Agency (ANP).
In 2017, Total and Petrobras formed a Strategic Alliance encompassing exploration and production and gas, renewables and power activities. Through the
Alliance, the two groups are implementing R&D projects on topics such as artificial intelligence leading to efficiency gains, with direct applications in Brazil. Total entered the fuel distribution market in Brazil with the acquisition in
December 2018 of Grupo Zemas distribution activities. Total thus owns a network of 280 service stations, as well as several storage facilities for petroleum products and ethanol.
About Total
Total is a broad energy company that produces
and markets fuels, natural gas and low-carbon electricity. Our 100,000 employees are committed to better energy that is safer, more affordable, cleaner and accessible to as many people as possible. Active in
more than 130 countries, our ambition is to become the responsible energy major.
* * * * *
Total Contacts
Media Relations: +33 1 47 44 46 99 l presse@total.coml @TotalPress
Investor Relations: +44 (0)207 719 7962 l ir@total.com
Cautionary Note
This press release, from which no legal consequences may be drawn, is for information purposes only. The entities in which TOTAL SE directly or
indirectly owns investments are separate legal entities. TOTAL SE has no liability for their acts or omissions. In this document, the terms Total, Total Group and Group are sometimes used for convenience. Likewise, the words
we, us and our may also be used to refer to subsidiaries in general or to those who work for them.
This
document may contain forward-looking information and statements that are based on a number of economic data and assumptions made in a given economic, competitive and regulatory environment. They may prove to be inaccurate in the future and are
subject to a number of risk factors. Neither TOTAL SE nor any of its subsidiaries assumes any obligation to update publicly any forward-looking information or statement, objectives or trends contained in this document whether as a result of new
information, future events or otherwise.
EX-99.3
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EX-99.3
EX-99.3
EXHIBIT 99.3
U.S. Department of Energys National Energy Technology Laboratory Announces Investment to Further Develop
LH CO2MENT Colorado Project, Carbon Capture Technology
Next phase of project feasibility study to commence, will develop facility design to support capture, use and storage of 2 million tonnes of
carbon dioxide annually
Chicago/Houston/Vancouver/Paris, September17, 2020 On September 1, the United
States Department of Energys National Energy Technology Laboratory (DOE-NETL) awarded $1.5 million in federal funding for cost-shared research and development to support the initial engineering
analysis and advancement of the LH CO2MENT Colorado Project, which was the subject of a scoping study launched earlier this year. The commercial-scale carbon-capture project, based in Florence,
Colorado, is a partnership of Svante Inc., LafargeHolcim, Kiewit Engineering Group Inc., Oxy Low Carbon Ventures, LLC (OLCV), a wholly-owned subsidiary of Occidental, and Total.
With the successful completion of the initial scoping study in June 2020 and confirmation of DOE funding, the partnership has committed to the next
project phase to evaluate the feasibility of the facility designed to capture up to 2 million tonnes of carbon dioxide per year directly from the Holcim cement plant and the natural gas-fired steam
generator, which would be sequestered underground permanently by Occidental.
Oxy Low Carbon Ventures is leveraging Occidentals 40
years of experience in securely storing CO2in geologic formations to advance permanent sequestration as a solution that supports global emissions reduction efforts through carbon
retirement, said Oxy Low Carbon Ventures President Richard Jackson. This partnership is a powerful example of how cross-industry collaboration can help progress carbon capture, utilization and storage projects that will be
critical to accelerating the transition to a lower-carbon world.
The carbon-capture facility under review will employ Svantes solid
sorbent technology to capture carbon directly from the cement kiln as a non-intrusive
end-of-the-pipe solution.
We have been very vocal about the importance we place on finding and accelerating global solutions to reduce our carbon footprint,
said Jamie Gentoso, CEO, U.S. Cement for LafargeHolcim. Effective and efficient large scale carbon capture technology will be a profound advancement for many industries. This U.S. DOE grant is a significant step in advancing this first-of-its-kind, large-scale technology, and were proud to partner with Svante, Oxy Low Carbon Ventures and Total to bring it
to life.
This project along with the U.S. DOE funding is an important external validation that we are becoming a significant
global technology provider in carbon capture space across a range of large-scale industrial applications like cement and blue hydrogen said Claude Letourneau, president and CEO of Svante Inc.
Total brings its experience in this new phase of feasibility to support the development of Svantes promising CO2 capture technology.
Together with our industrial partners and thanks to public-private initiative, we aim at accelerating the deployment, at scale, of innovative and cost-efficient technologies, contributing to decarbonize industry and curb CO2 emissions,
said Marie-Noëlle Semeria, senior vice president, Group CTO at Total.
Electricore, Inc. will facilitate management of the federal grant, and Kiewit Engineering Group Inc.
will lead the engineering development. This joint initiative follows the recently-launched Pilot Plant Project CO2MENT between Svante, LafargeHolcim and Total in Canada at the Lafarge Richmond
cement plant, where progress has been made towards re-injecting captured CO2 into concrete.
###
About Total
Total is a broad energy company that produces and markets fuels, natural gas and low-carbon electricity. Our
100,000 employees are committed to better energy that is more affordable, more reliable, cleaner and accessible to as many people as possible. Active in more than 130 countries, our ambition is to become the responsible energy
major. www.total.com
About Oxy Low Carbon Ventures
Oxy Low Carbon Ventures, LLC (OLCV) is a subsidiary of Occidental an international energy company with operations in the United States, Middle East,
Africa and Latin America. OLCV is advancing cutting-edge, low-carbon technologies and business solutions that economically and sustainably grow our business while reducing emissions. OLCV is also progressing
the development of low-carbon fuels and products, as well as sequestration services to support carbon capture projects globally.
About LafargeHolcim
LafargeHolcim is the
global leader in building materials and solutions and active in four business segments: Cement, Aggregates, Ready-Mix Concrete and Solutions & Products. Its ambition is to lead the industry in
reducing carbon emissions and shifting towards low-carbon construction. With the strongest R&D organization in the industry, the company seeks to constantly introduce and promote high-quality and
sustainable building materials and solutions to its customers worldwide - whether individual homebuilders or developers of major infrastructure projects. In the United States, LafargeHolcim companies include close to 350 sites in 43 states and
employ 7,000 people. Our customers rely on us to help them design and build better communities with innovative solutions that deliver structural integrity and eco-efficiency.
About Svante
Svante offers companies in
emissions-intensive industries a commercially viable way to capture large-scale CO2 emissions from existing infrastructure, either for safe storage or to be recycled for further industrial use
in a closed loop. With the ability to capture CO2 directly from industrial sources at less than half the capital cost of existing solutions, Svante makes industrial-scale carbon capture a
reality. Svantes Board of Directors includes Nobel Laureate and former Secretary of Energy, Steven Chu; CEO of OGCI Climate Investments Pratima Rangarajan; and Steven Berkenfeld, former Head of Industrial & Cleantech Practice at
Barclays Capital. To learn more about Svantes technology, click hereor visit Svantes website. You can also connect with us on
LinkedInor Twitter @svantesolutions.
Svante
Julia McKenna(Media)
jmckenna@svanteinc.com
+1 (778) 985 5722
LafargeHolcim
Jocelyn Gerst
Jocelyn.Gerst@lafargeholcim.com
+1 (773) 355 4701
Oxy Low Carbon Ventures
Merritt Talbott (Media)
Merritt_Talbott@oxy.com
+1 (713) 552 8676
Total
Media Relations:
presse@total.com l +33 1 47 44 46 99
Investor Relations:
ir@total.com l +44 (0)207 719 79 62
Cautionary Note
This
press release, from which no legal consequences may be drawn, is for information purposes only. The entities in which TOTAL SE directly or indirectly owns investments are separate legal entities. TOTAL SE has no liability for their acts or
omissions. In this document, the terms Total, Total Group and Group are sometimes used for convenience. Likewise, the words we, us and our may also be used to refer to subsidiaries in
general or to those who work for them.
This document may contain forward-looking information and statements that are based on a number of economic data and
assumptions made in a given economic, competitive and regulatory environment. They may prove to be inaccurate in the future and are subject to a number of risk factors. Neither TOTAL SE nor any of its subsidiaries assumes any obligation to update
publicly any forward-looking information or statement, objectives or trends contained in this document whether as a result of new information, future events or otherwise.
EX-99.4
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EX-99.4
EX-99.4
EXHIBIT 99.4
Press Release
Energy Transition: Total Is Investing More Than 500 Million To Convert Its Grandpuits Refinery Into a Zero-Crude Platform
for Biofuels and Bioplastics
Paris
September24, 2020 Within the framework of its net zero strategy, Total will convert its Grandpuits refinery (Seine-et-Marne) into a zero-crude platform. By 2024, following an investment totaling more than 500 million, the platform will focus on four new industrial activities:
◾
Production of renewable diesel primarily intended for the aviation industry.
◾
Production of bioplastics.
◾
Plastics recycling.
◾
Operation of two photovoltaic solar power plants.
Meanwhile, crude oil refining at the platform will be discontinued in the first quarter of 2021 and storage of petroleum products will end in late 2023.
Operations at service stations and airports in the Greater Paris region will not be affected: they will be supplied by the refineries at Dongescurrently undergoing a 450 million
modernizationand Normandy.
This decision to end its oil refining comes in the wake of an audit conducted over several months on the 260-kilometer Ile-de-France pipeline (PLIF), which carries crude oil from the Port of Le Havre to the Grandpuits refinery.
The refinery was forced to shut down for more than five months in 2019 when a leak appeared on the PLIF, following an earlier leak near Le Havre in
2014. With the approval of government officials, the PLIFs maximum working pressure was reduced to ensure safe operation. As a result, the refinery could operate at only 70% of its capacity, threatening its long-term financial viability.
The audit found that normal operations at the refinery could be restored only by replacing the PLIF, at a cost of nearly 600 million. Given Frances plans for the energy transition up to 2040, therefore, Total has decided to end its oil refining at Grandpuits and embark on an industrial transformation of the
site, backed by a major investment plan.
With the industrial repurposing of the Grandpuits refinery into a
zero-crude platform focused on energies of the future connected with biomass and the circular economy, Total is demonstrating its commitment to the energy transition and reaffirming its ambition to achieve
carbon neutrality in Europe by 2050, says Bernard Pinatel, President of Total Refining& Chemicals.Grandpuits will remain a major industrial site drawing on the
know-how and expertise of its teams, and our partner firms will be playing a key role as well.
A responsible industrial redeployment with no layoffs
Total will carry out this industrial redeployment with no layoffs, with early retirements and internal mobility within the Group sites, providing
each employee with an appropriate solution.
Of the 400 jobs at the Grandpuits platform and its associated Gargenville (Yvelines) depot today, 250
will be maintained after the conversion. Furthermore, 15 additional jobs will be created on the Grandpuits site in a packaging unit connected to the bioplastics unit.
In addition, the work projects generated by this industrial investment of more than
500 million will create up to 1,000 jobs over the three-year period for construction of the new units.
Total has also carried out a thorough review of the partner companies working on the platform, which amount to the equivalent of 300 full-time jobs. The
Group is committed to supporting each partner company during the industrial repurposing of the site. In its new configuration, the Grandpuits platform will continue to prioritize its partner businesses, which will represent the equivalent of 200
full-time jobs.
Total will, of course, comply with all of its contractual commitments to its customers.
Total and the Ile-de-France region intend to launch a campaign to
attract other industries to the property made available at the Grandpuits site and on industrial estates near the Grandpuits and Gargenville sites.
Three Innovative Industrial Projects Amounting
to Investments of More Than 500 Million
The Grandpuits facility will become a model zero-crude platform in France, boasting three new
industrial units:
A bio-refinery: Total will construct a renewable diesel unit,
primarily producing for the aviation industry. This initiative will contribute to Frances roadmap for deploying sustainable aviation fuel, which calls for an incorporation target into aviation fuel of 2% by 2025 and 5% by 2030.
The new unit, to be commissioned in 2024, will be able to process 400,000 tons per year, with potential
annual production of:
◾
170,000 tons of sustainable aviation fuel.
◾
120,000 tons of renewable diesel.
◾
50,000 tons of renewable naphtha, used to produce bioplastics.
The unit will process primarily animal fats from Europe and used cooking oil, supplemented with other vegetable oils like rapeseed (but
excluding palm oil). Total will prioritize local suppliers.
Biofuels that reduce carbon emissions by at least 50% compared to their
fossil equivalents are one component of Totals strategy for meeting the challenge of carbon neutrality.
A bioplastics plant: Total Corbion PLA, a 50/50 joint venture between Total and Corbion, will be constructing
Europes first PLA manufacturing plant.
Entirely produced from sugar instead of oil, PLA is a bioplastic
that is biodegradable and recyclable. The market for PLA is growing up to 15% annually. Demand is rising
fast, particularly in the markets for film wrap and rigid packaging and in numerous industrial applications.
Partners since 2017 in the Total Corbion PLA 50/50 joint venture, Total and Corbion successfully launched their first PLA plant in
Thailand in 2018 and have decided to invest in a new European plant. Promising annual production capacity of 100,000 tons, this second plant will begin operations in 2024, making Total Corbion PLA the worlds biggest producer of PLA.
A plastics recycling plant: Total will be constructing Frances first chemical recycling plant with
Plastic Energy (Total 60%, Plastic Energy 40%).
Based on a new innovative recycling technology, this plant
will convert plastic wastes into a liquid called TACOIL through a pyrolysis melting process. This TACOIL will then be used as feedstock for the production of polymers with identical properties to virgin polymers. In particular, they will be suitable
for use in food-grade applicationsa major criterion for food packaging businesses.
The new unit will help Total meet its
objective of producing 30% of its polymers from recycled materials by 2030.
In addition,Total will be building two photovoltaic solar plants, one with capacity of 28 MWp (at the
Grandpuits site) and the other with capacity of 24 MWp (at the Gargenville site), which will contribute to Totals ambition to provide green electricity to all its industrial sites in Europe.
The plants will be built and operated by Total Quadran, a wholly-owned Total affiliate that specializes in renewable energy development
and production in France.
Under French law, the project is subject to the process for notifying and consulting employee representatives.
Total is committed to pursuing meaningful dialogue with employee representative organizations, and will be initiating discussions with those bodies in
late September.
***
About Total
Total is a broad energy company that produces and markets fuels, natural gas and low-carbon
electricity. Our 100,000 employees are committed to better energy that is more affordable, more reliable, cleaner and accessible to as many people as possible. Active in more than 130 countries, our ambition is to become the responsible energy
major.
* * * * *
Total Contacts
Media Relations: +33 1 47 44 46 99 l presse@total.coml
@TotalPress
Investor Relations: +44 (0)207 719 7962 lir@total.com
Cautionary Note
This press release, from which no legal consequences may be drawn, is for information purposes only. The entities in which TOTAL SE. directly or
indirectly owns investments are separate legal entities. TOTAL SE. has no liability for their acts or omissions. In this document, the terms Total, Total Group and Group are sometimes used for convenience. Likewise, the words
we, us and our may also be used to refer to subsidiaries in general or to those who work for them.
This
document may contain forward-looking information and statements that are based on a number of economic data and assumptions made in a given economic, competitive and regulatory environment. They may prove to be inaccurate in the future and are
subject to a number of risk factors. Neither TOTAL SE. nor any of its subsidiaries assumes any obligation to update publicly any forward-looking information or statement, objectives or trends contained in this document whether as a result of new
information, future events or otherwise.
EX-99.5
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EX-99.5
EX-99.5
EXHIBIT 99.5
Press Release
Renewables: Total strengthens its position in the Spanish solar market
and covers all its power electricity in Europe with green energy
Paris, September25, 2020 Total is strengthening its presence in the Spanish electricity market through an agreement
with the Spanish developer Ignis to develop 3.3 gigawatts (GW) of solar projects located close to Madrid and Andalusia. The first projects in the Ignis portfolio are scheduled to start in 2022, with the ambition of bringing them all into production
by 2025. Remuneration will be paid by Total to Ignis as the projects develop.
This transaction follows the two agreements signed in February 2020
with Powertis and Solarbay Renewable Energy to develop nearly 2 GW of solar projects; and the acquisition last May from Energias de Portugal of its portfolio of 2.5 million residential customers and two
gas-fired combined cycle power plants (850 MW).
This operation brings to more than 5 GW its portfolio of solar projects under development in Spain by 2025 and
positions the Group as a major player in the countrys energy transition, contributing to Spains ambition to generate 70% of its electricity from renewables by 2030 and then 100% by the middle of the century.
This solar power portfolio will enable the Group to cover all the electricity consumption of its industrial sites in
Europe by 2025: to do this, the Group will purchase nearly 6 TWh per year of green electricity generated by its Spanish solar sites through a power purchase agreement covering more than 3 GW of solar farms. This will be the largest corporate PPA
in the world. Thanks to its electricity trading capabilities, the Group will thus be able to supply all its European sites with competitive green electricity, in line with its objective of carbon neutrality. Scope 2 greenhouse gas emissions will
thus be reduced by almost 2 million tonnes per year.
Total is becoming one of the main broad-energy players in the
country by intervening both in the production of renewable and gas-based electricity and in the distribution of gas and electricity. Our ambition, first and foremost, is to provide a clean, affordable
electricity offering to our residential customers in Spain. Spain is a priority country for Total in Europe and we fully intend to leverage the markets growth opportunities that the country offers to respond concretely to the challenges of the
energy transition towards carbon neutrality., said Patrick Pouyanné, Chairman and CEO of Total. This decision to invest massively in renewable electricity capacity to supply all our industrial operations in Europe with
green energy is concrete proof of our decision to move towards decarbonising our European operations in line with our new climate ambition. It also demonstrates the value of integrating production, trading and sales in the electricity chain.
Total and Low-Carbon Electricity
As part of its ambition to become the responsible energy major, Total is building a portfolio of low-carbon
electricity operations, with the objective of seeing them account for 40% of its sales mix by 2050. Today, Totals gross low-carbon power generation capacity is close to 9 gigawatts, of which more than 5
gigawatts from renewable energy sources. In pursuit of its ambition to increase this figure fivefold by 2025, Total intends to continue developing its activities to become one of the leading players in renewable energies worldwide.
* * * * *
About Total
Total is a broad energy company that produces and markets fuels, natural gas and low-carbon electricity. Our
100,000 employees are committed to better energy that is more affordable, more reliable, cleaner and accessible to as many people as possible. Active in more than 130 countries, our ambition is to become the responsible energy major
Total contacts
Medias Relations: +33 1 47 44
46 99 l presse@total.coml @TotalPress
Investor Relations: +44 (0)207 719 7962 l ir@total.com
Cautionary Note
This
press release, from which no legal consequences may be drawn, is for information purposes only. The entities in which TOTAL SE directly or indirectly owns investments are separate legal entities. TOTAL SE has no liability for their acts or
omissions. In this document, the terms Total, Total Group and Group are sometimes used for convenience. Likewise, the words we, us and our may also be used to refer to subsidiaries in
general or to those who work for them.
This document may contain forward-looking information and statements that are based on a number of economic data and
assumptions made in a given economic, competitive and regulatory environment. They may prove to be inaccurate in the future and are subject to a number of risk factors. Neither TOTAL SE nor any of its subsidiaries assumes any obligation to update
publicly any forward-looking information or statement, objectives or trends contained in this document whether as a result of new information, future events or otherwise.
EX-99.6
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EX-99.6
EX-99.6
EXHIBIT 99.6
Press Release
Brazil: Total Exits the Foz Do Amazonas Basin
Paris, September28, 2020 Total announces that it has reached an agreement on September 24th, 2020 to transfer to Petrobras its equity interest in five exploration blocks in the Foz do Amazonas Basin, located 120 kilometers offshore Brazil. These blocks are referenced as FZA-M-57, FZA-M-86,
FZA-M-88, FZA-M-125 and
FZA-M-127.
The closing of the transaction is subject to the
preemption rights of partners in the blocks and standard regulatory approvals.
About Total in Brazil
Total has been present in Brazil for over 40 years and has more than 3,000 employees in the country. The Group operates in all segments: exploration and
production, gas, renewable energies, lubricants, chemicals, and distribution.
In 2019, the Groups production in the country averaged 16,000
barrels of oil per day. In October 2019, a consortium led by Total was awarded Block C-M-541, located in the Campos Basin, in the 16th Bidding Round held by
Brazils National Petroleum Agency (ANP).
In 2017, Total and Petrobras formed a Strategic Alliance encompassing exploration and production and
gas, renewables and power activities. Through the Alliance, the two groups are implementing R&D projects on topics such as artificial intelligence leading to efficiency gains, with direct applications in Brazil. Total entered the fuel
distribution market in Brazil with the acquisition in December 2018 of Grupo Zemas distribution activities. Total thus owns a network of 280 service stations, as well as several storage facilities for petroleum products and ethanol.
About Total
Total is a broad energy company
that produces and markets fuels, natural gas and low-carbon electricity. Our 100,000 employees are committed to better energy that is safer, more affordable, cleaner and accessible to as many people as
possible. Active in more than 130 countries, our ambition is to become the responsible energy major.
* * * * *
Total Contacts
Media Relations: +33 1 47 44
46 99 l presse@total.coml @TotalPress
Investor Relations: +44 (0)207 719 7962 l ir@total.com
Cautionary Note
This press release, from which no legal consequences may be drawn, is for information purposes only. The entities in which TOTAL SE directly or
indirectly owns investments are separate legal entities. TOTAL SE has no liability for their acts or omissions. In this document, the terms Total, Total Group and Group are sometimes used for convenience. Likewise, the words
we, us and our may also be used to refer to subsidiaries in general or to those who work for them.
This
document may contain forward-looking information and statements that are based on a number of economic data and assumptions made in a given economic, competitive and regulatory environment. They may prove to be inaccurate in the future and are
subject to a number of risk factors. Neither TOTAL SE nor any of its subsidiaries assumes any obligation to update publicly any forward-looking information or statement, objectives or trends contained in this document whether as a result of new
information, future events or otherwise.
EX-99.7
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EX-99.7
EX-99.7
EXHIBIT 99.7
Press Release
United Kingdom: Total Acquires Londons Largest
Electric Vehicle Charge Points Network
London, September29, 2020 Total has signed the acquisition of Blue Point London from the Bolloré
Group. With this transaction, Total is taking over the management and operation of Source London, the largest electric vehicle charging network citywide, which includes more than 1,600 on-street charge
points.
Launched in 2010, the current Source London network has been developed in cooperation with the London Boroughs and currently represents
more than half of the charge points in operation in the capital city. Source London growth perspectives are supported by the City of Londons ambition to be a zero carbon city by 2050, notably with the aim of increasing tenfold the number of
charge points within five years.
Total is also committed to powering this charging network with electricity 100% guaranteed from renewable sources,
to be supplied by its subsidiary Total Gas & Power Limited.
Already active in the installation and operation of charge points networks in
the Metropolitan Region Amsterdam (Netherlands) and the Brussels-Capital Region (Belgium), this acquisition in the United Kingdom reinforces Totals position as a key player in electric mobility in Europe. The Group is thereby pursuing its
development in major European cities, in line with its ambition of operating more than 150,000 electric vehicle charge points by 2025.
By
combining today these existing infrastructures with Totals know-how in terms of installation, operation and management of public electric vehicle charging networks, we are starting a new phase,
supporting the expansion of electric mobility in London. said Alexis Vovk, President, Marketing & Services at Total. In collaboration with our partners and the local authorities, we will be able to meet both the
strong growth in demand for on-street charge points and the needs for new mobility solutions of London users.
This transfer of activities will have no impact for the current users of the Source London service. This transaction should be closed by the end
of the year.
About Total in the United Kingdom
Total is present across the energy value chain in the UK. It has been present in the country for over 50 years and employs over 2,000 people.
Upstream, Total is one of the countrys leading oil and gas operators, with equity production of 189,000 boe/d in 2019. It principally comes from
operated offshore fields in three major zones: the Alwyn/Dunbar area in the Northern North Sea, the Elgin/Franklin and Culzean areas in the Central North Sea and the Laggan-Tormore hub in the West of Shetland area.
Total has also entered the UK offshore wind renewables market, with Erebus off the coast of Wales and Seagreen off the coast of Scotland.
Downstream, Total is one of the UKs largest suppliers of gas and electricity to businesses and the public sector. The Group is also present in the
marketing of petroleum products including lubricants, aviation fuel, bitumen and specialty fluids.
About Total
Total is a broad energy company that produces and markets fuels, natural gas and low-carbon electricity. Our
100,000 employees are committed to better energy that is more affordable, more reliable, cleaner and accessible to as many people as possible. Active in more than 130 countries, our ambition is to become the responsible energy major.
* * * * *
Total Contacts
Media Relations: +33 1 47 44 46 99 l presse@total.coml
@TotalPress
Investor Relations: +44 (0) 207 719 7962 l
ir@total.com
Cautionary Note
This press release, from which no legal consequences may be drawn, is for information purposes only. The entities in which TOTAL SE directly or
indirectly owns investments are separate legal entities. TOTAL SE has no liability for their acts or omissions. In this document, the terms Total, Total Group and Group are sometimes used for convenience. Likewise, the
words we, us and our may also be used to refer to subsidiaries in general or to those who work for them.
This document
may contain forward-looking information and statements that are based on a number of economic data and assumptions made in a given economic, competitive and regulatory environment. They may prove to be inaccurate in the future and are subject to a
number of risk factors. Neither TOTAL SE nor any of its subsidiaries assumes any obligation to update publicly any forward-looking information or statement, objectives or trends contained in this document whether as a result of new information,
future events or otherwise.
EX-99.8
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EX-99.8
EX-99.8
EXHIBIT 99.8
Press Release
Total Extends its Biodiversity Ambition
To
Coincide With the Preparation
of the United Nations Plan for Biodiversity
Paris, September29, 2020 Against the backdrop of the United Nations General Assembly, Total, which has just been
recognized as Global Compact Lead by the United Nations, is committing to biodiversity by extending its ambition in four main areas.
1.
Voluntary exclusion zones:Total commits, in recognition of the universal value of UNESCO World Natural
Heritage sites, not to conduct oil or gas exploration or extraction operations in these areas. Total also commits not to conduct any oil exploration in the Arctic sea ice.
2.
New projects:biodiversity action plans will be developed for any new site located in an area of interest for
biodiversity, that is IUCN (International Union for the Conservation of Nature) Protected Areas I to IV and Ramsar areas. Moreover, the Group commits to implementing measures to produce a net positive impact on biodiversity for each new project
located in an IUCN I or II area or Ramsar area.
3.
Existing sites: on every existing environmentally significant site (Exploration & Production
production sites, refineries, petrochemicals sites, gas-fired power stations) which is ISO14001 certified, a biodiversity action plan will be deployed. Total will report its deployment to the various
stakeholders. When a site stops its operation, Total is also committing to considering the development of a dedicated area rich in biodiversity (e.g. rare species habitats, biodiversity sanctuaries, etc.) as one of the options for its
rehabilitation.
4.
Promotion of biodiversity: as part of Total Foundations Climate, Coastal and Oceans program, Total
will support biodiversity-related awareness programs, youth education and research actions. Total also commits to sharing the biodiversity data collected as part of our environmental studies for Group projects with the scientific community and the
general public.
The planets rich biodiversity is under threat. Totals inclusion of biodiversity goes back
some time, but the current degradation of the environment is a reality that requires us all to make a major change, collectively and individually. For this reason, Total is now stepping up its biodiversity ambition and commitments, and this will
contribute to the Groups ambition to become the responsible energy major,announced Patrick Pouyanné, Total Chairman and CEO.
Total had adopted a biodiversity policy by 2005, to concretize the global recognition of these issues by the Group. In 2016, the Group pledged to
contribute to realizing the Sustainable Development goals (SDGs) adopted by the United Nations, including those connected to biodiversity. In 2018, Total signed the act4nature initiative led by the French business association Association
Française des Entreprises pour lEnvironnement (EpE).
u Click here to read about our ambition in detail
t
About Total
Total is a broad energy company that produces and markets fuels, natural gas and low-carbon electricity. Our
100,000 employees are committed to better energy that is more affordable, more reliable, cleaner and accessible to as many people as possible. Active in more than 130 countries, our ambition is to become the responsible energy major.
* * * * *
Total Contacts
Media Relations: +33 1 47 44 46 99 l presse@total.coml
@TotalPress
Investor Relations: +44 (0)207 719 7962 l ir@total.com
Cautionary Note
This press release, from which no legal consequences may be drawn, is for information purposes only. The entities in which TOTAL SE directly or
indirectly owns investments are separate legal entities. TOTAL SE has no liability for their acts or omissions. In this document, the terms Total, Total Group and Group are sometimes used for convenience. Likewise, the words
we, us and our may also be used to refer to subsidiaries in general or to those who work for them.
This
document may contain forward-looking information and statements that are based on a number of economic data and assumptions made in a given economic, competitive and regulatory environment. They may prove to be inaccurate in the future and are
subject to a number of risk factors. Neither TOTAL SE nor any of its subsidiaries assumes any obligation to update publicly any forward-looking information or statement, objectives or trends contained in this document whether as a result of new
information, future events or otherwise.
EX-99.9
10
d46772dex999.htm
EX-99.9
EX-99.9
EXHIBIT 99.9
Press Release
2020 Strategy & Outlook Presentation
From Net Zero ambition to Total Strategy
Paris, September30, 2020 - Patrick Pouyanné, Chairman and CEO, will present Totals Strategy & Outlook
in Paris today. The webcast of the presentation in English is available on total.com.
Key messages of the presentation include:
Increasing energy while decreasing carbon
Growing energy demand and getting to Net Zero are the two global trends underpinning the Total Energy Outlook and thus the evolutions of the energy
markets that Total integrates into its strategy.
Totals strategy aims to transform itself into a broad energy company by profitably growing
energy production from LNG and electricity, the two fastest growing energy markets, aiming to create long term value for its shareholders. In the next decade, Totals energy production will grow by one third, roughly from 3 to 4 Mboe/d, half
from LNG, half from electricity, mainly from renewables. The Group will progressively scale up profitable investments in renewables and electricity from 2 to 3 B$ per year representing more than 20% of capital investments.
Total confirms its ambition to get to Net Zero by 2050 together with society for its global business (Scope 1+2+3). On its way to carbon neutrality in
Europe by 2050, Total will reduce the Scope 3 emissions of its European customers by 30%, in absolute value, by 2030. This decrease in Europe allows Total to take the new commitment to reduce the absolute level of the worldwide Scope 3
emissions of its customers in 2030 compared to 2015. In the next decade, oil products sales from Total will diminish by almost 30% and Totals sales mix will become 30% oil products, 5% biofuels, 50% gases, 15% electrons.
Increasing energy in gases
Total LNG
sales will reach 50 Mt/y by 2025 and will double over 2020-30, creating value from scale, arbitrage and integration along the value chain. Cash-flow from integrated LNG business shall grow by 40% to more than
4 B$ in 2025 at 50$/b. Decarbonizing natural gas with biogas and hydrogen as well as continuing to reduce methane emissions will contribute to Totals climate ambition.
in electrons
Developing an
integrated business model from production to sales through storage and trading, Total is targeting 50 TWh of net production and 80 TWh of sales to 9 million customers by 2025. Building on the strong dynamic in 2020, Total will grow as a world
leader in renewables, raising its objective to 35 GW gross capacity in 2025 (70% already in portfolio), and has the ambition to add around 10 GW per year beyond, as it managed to do in 2020.
Renewables and electricity are expected to deliver a predictable cash flow of more than 1.5 B$ per year by 2025.
and privileging value over volume in oil
Total will focus on low cost oil projects, privileging value over volume and develop its portfolio of oil projects, all with profitability above 15% at
50$/b, while ensuring consistency for Capex allocation with climate ambition.
Adapting energy sales to market evolution and engaging in the
mobility revolution
As recently demonstrated with the Lindsey refinery divestment and the transformation of Grandpuits refinery into a zero oil
platform, Total will adapt refining capacity and sales to demand, particularly in Europe. In the same time, it will further increase its biofuels productions and sales as demand for such renewable products is supported by policies aiming to get to
Net Zero. Renewable diesel production is expected to reach more than 2 Mt/y by 2025.
The Group is also committing more than 1 B$ over the next ten
years to the e-mobility revolution by investing in battery manufacturing and EV charging with a target of 150,000 charge points by 2025.
Resilience & Growth underpinning compelling investment case
In the current uncertain environment, Total remains focused on what it controls and specifically on the pillars that enable the Group to resist the
crisis: HSE, delivery, costs and cash, with a view to continuously improve its organic breakeven below 25 $/boe. Discipline and flexibility will be maintained on capital investments with 13-16 B$ over 2022-25 assuming an oil price between 50 and 60 $/b. Considering the short-term uncertainty and low price environment, capital investment for 2021 should be under 12 B$. Cost reduction efforts will be accelerated
and increased to 2 B$ by 2023.
Accelerating its shift toward low carbon businesses while growing its Upstream production by around 2% per year
between 2019 and 2025, mainly over 2022-25, the Group confirms a cash flow growth of 5 B$ by 2025 and a ROE greater than 10% in a 50 $/b environment.
Based on this outlook and given the resilience shown by the Group, the Board reaffirms its confidence in the Groups fundamentals and confirms that
the dividend is supported at 40 $/b. Beyond serving the dividend, priority will be given to bringing gearing below 20%. Furthermore, the Board is convinced that Total, with its strategy to become a multi-energy company while offering a high yield
dividend, is a compelling investment case supporting stock rerating.
* * * * *
Following the Strategy & Outlook presentation, there will be a series of thematic presentations made by members of the Executive Committee:
Becoming a world leader in renewables
by Philippe Sauquet, President Gas, Renewables & Power
The mobility revolution
A
worldwide ambition in biofuels
by Bernard Pinatel, President Refining & Chemicals
Engaging in the electric mobility revolution
by Alexis Vovk, President Marketing & Services
* * * * *
About Total
Total is a broad energy Group, which produces and markets fuels, natural gas and low-carbon electricity. Our
100,000 employees are committed to better energy that is safer, more affordable, cleaner and accessible to as many people as possible. Active in more than 130 countries, our ambition is to become the responsible energy major.
* * * * *
Total contacts
Media Relations: +33 1 47 44 46 99 l presse@total.coml
@TotalPress
Investor Relations: +44 (0)207 719 7962 l ir@total.com
Cautionary note
This press release, from which no legal consequences may be drawn, is for information purposes only. The entities in which TOTAL SE directly or
indirectly owns investments are separate legal entities. TOTAL SE has no liability for their acts or omissions. In this document, the terms Total, Total Group and Group are sometimes used for convenience. Likewise, the words
we, us and our may also be used to refer to subsidiaries in general or to those who work for them. This document may contain forward-looking information and statements that are based on a number of economic data
and assumptions made in a given economic, competitive and regulatory environment. They may prove to be inaccurate in the future and are subject to a number of risk factors. Neither TOTAL SE nor any of its subsidiaries assumes any obligation to
update publicly any forward-looking information or statement, objectives or trends contained in this document whether as a result of new information, future events or otherwise.
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