Operating in more than 130 countries, Total SA is a high-level international oil and gas company, as well as a major player in low-carbon energies. Total considers the 2°C scenario in its Climate Strategy. The International Energy Agency’s (IEA) 2°C scenario aims to achieve carbon neutrality in the second half of the century. According to the IEA, Carbon Capture, Utilization and Storage (CCUS) is a necessary complement to energy efficiency and renewable energy, representing 14% of the necessary effort to reach this objective in 2050, and has an increasing share with time. Watch this short film for more information.
In the short run, gas-fired power plants will replace coal-fired power plants. If deployed, CO2 capture, utilization and storage will increase the likelihood of complying with the 2°C objective by giving more time to deploy green technologies, while allowing us to unlock ‘unburnable carbon’.
CO2 storage is the only option to tackle large CO2 volumes, and therefore makes together with CO2 capture an efficient tool for climate mitigation. CO2 utilization can be part of the solution to decrease CO2 emissions, offers opportunities of differentiation and value creation, but will not meet the volume requirements.
In this context, and conscious of its responsibilities, TOTAL decided to reinforce its R&D program on CCUS to participate in climate change mitigation and prepare for new business opportunities.
TOTAL’s ambition is to become a leader in CO2 Capture, Utilization and Storage technology by 2035, a two-pronged strategy to participate in climate change mitigation and prepare for new business opportunities. To achieve this goal, TOTAL will position itself as an integrator of the full CCUS value chain, developing internal competencies, working in partnership and boosting innovative technologies and start-ups. Watch this short film for more information.
The world needs better energy to ensure sustainable, responsible growth. Because our ambition is to become the responsible energy major, we are committed to providing safer, cleaner and more affordable energy that creates value.