Date: Wednesday, 28 April 2021
Time: 11:45 - 12:45 CEST
Session code ICO.2
Advances in Bio-Fossil Fuels
Total ambition in biofuels: a leading producer and marketer
Short Introductive summary
On May 5, 2020, Total announced its ambition to reach carbon neutrality for all of its operations, from production to the energy products used by its customers (Scope 1+2+3), by 2050 together with society. This ambition is backed by an integrated strategy across the gas, electricity and liquid fuels value chain and the development of carbon sinks. Oil should be used sparingly, for applications where it cannot be easily substituted. At the same time, biofuels and tomorrow’s e-fuels will need to take on a larger role. The Group is changing its mix to reflect this trend. Oil products accounted for 66% of sales in 2015, 55% in 2019, and could decline to 35% in 2030. By 2050, this share could shrink to 20%, with a quarter of that from biofuels, helping Total reduce the carbon intensity of the products it sells by 60%.
For more than 20 years, Total has been a committed leader in biofuel research, production and distribution. The Group aims to become a major force in this market, with sales growth of more than 10% a year by 2030.
To make that ambition a reality, Total is seeking to develop synergies with existing assets, such as its La Mède refinery, which was converted into a biorefinery in 2019.
In September 2020, the Group announced a project to convert its Grandpuits refinery into a zero-crude complex including a biofuel plant which is expected to be commissioned in 2024. This plant will have a production capacity of 170 kt a year of sustainable jet biofuel, 120 kt a year of road biofuel and 50 kt a year of bionaphtha, for producing bioplastics. For the most part, it will be supplied with animal fats from Europe and used cooking oil, supplemented with other vegetable oils, excluding palm oil. The conversion of the refinery will represent a total investment of over €500 million.
Biographies and Short introductive summaries are supplied directly by presenters and are published here unedited
Session reference: ICO.2.1