TotalEnergies: United States: Launch of Carbon Capture Project to Decarbonize Liquefied Natural Gas Production at Cameron LNG

Rhea-AI Summary

TotalEnergies (TTE) has entered into a partnership with Sempra Infrastructure, Mitsui & Co., and Mitsubishi Corporation for the Hackberry Carbon Sequestration (HCS) project at Cameron LNG in Louisiana. This initiative aims to capture and store up to 2 million tons of CO₂ annually, significantly reducing emissions at the LNG facility. The project is a part of TotalEnergies' strategy to deliver low-carbon LNG and enhance Europe's energy supply. The HCS project is awaiting necessary permits and definitive agreements before final investment decisions.

Positive

• Agreement for Hackberry Carbon Sequestration project will reduce CO2 emissions at Cameron LNG.
• Project aims to enhance the supply of low-carbon LNG in Europe's energy mix.
• TotalEnergies' ambition to develop carbon capture capacity aligns with sustainability goals.

Negative

• Development of the HCS project is subject to obtaining necessary permits.
• Final investment decision is pending completion of definitive agreements.

PARIS--(BUSINESS WIRE)-- Regulatory News:

TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) has signed an agreement with Sempra Infrastructure, Mitsui & Co., Ltd. and Mitsubishi Corporation for the development of the Hackberry Carbon Sequestration (HCS) project at Cameron LNG, a natural gas liquefaction and export facility located in southwest Louisiana, U.S.

The HCS project is primarily designed for capture, transportation, and storage of carbon dioxide (CO₂) from Cameron LNG. The CO₂ will be captured by the acid gas removal units, dehydrated, compressed, and transported by pipeline about 10 kilometers away. It will then be permanently stored in a saline aquifer using an injection well with a capacity of up to 2 million tons of CO₂ per year. In August 2021, the HCS project filed an application with the U.S. Environmental Protection Agency (EPA) for the construction permit of such an injection well – the first application to be accepted by the EPA in Louisiana.

“We are pleased to join force with our partners to significantly reduce CO₂ emissions at Cameron LNG export terminal, thus enabling us to supply our customers with low-carbon LNG, a key fuel for the energy transition and a valuable asset for diversifying Europe’s energy supply,” said Thomas Maurisse, Senior Vice President LNG at TotalEnergies. “This project, aiming at reducing greenhouse gas emissions associated with the LNG value chain, is a concrete illustration of TotalEnergies’ sustainability and climate strategy implementation.”

“We are excited to advance the development of the Hackberry Carbon Sequestration project, the first of Sempra Infrastructure’s net zero solutions projects, to help Cameron LNG produce cleaner LNG for its customers,” said Justin Bird, CEO of Sempra Infrastructure. “This project is expected to be among the first North America carbon capture facilities designed to receive and store CO₂ from multiple sources, and our goal is for this facility to set the gold standard for safe and permanent CO₂ storage”

Development of the Hackberry Carbon Sequestration project remains subject to definitive agreements, obtaining the necessary permits, and all partners reaching a final investment decision.

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TotalEnergies and Carbon Capture and Storage (CCS)
TotalEnergies’ focus is first to avoid then to reduce its emissions by developing and deploying a systematic approach, asset-by-asset, to implement the best available technologies. In particular, the Company is developing industrial projects for carbon capture, transport, and storage (CCS). Backed by core competencies in large-scale project management, gas processing and geosciences, TotalEnergies is on track to achieve its ambition of developing storage capacity of 10 million metric tons of CO2 per year by 2030 through significant industrial projects such as Northern Lights in Norway and Aramis in the Netherlands. Through all its CCS projects, the Company will reduce its own emissions and those of its customers.

TotalEnergies, The World’s Third-Largest Low-Carbon LNG Company
TotalEnergies is the world’s third-largest low-carbon LNG company, with a global market share of around 10% and a global portfolio of nearly 50 Mt/y by 2025 thanks to its interests in liquefaction plants in all geographies. The Company benefits from an integrated position across the LNG value chain, including production, transportation, trading, and LNG bunkering. TotalEnergies ambition is to increase the share of natural gas in its sales mix to 50% by 2030, reduce the gas value chain’s carbon emissions, eliminate methane emissions, and work with local partners to promote the transition from coal to natural gas.

About TotalEnergies
TotalEnergies is a global multi-energy company that produces and markets energies: oil and biofuels, natural gas and green gases, renewables and electricity. Our 100,000 employees are committed to energy that is ever more affordable, cleaner, more reliable and accessible to as many people as possible. Active in more than 130 countries, TotalEnergies puts sustainable development in all its dimensions at the heart of its projects and operations to contribute to the well-being of people.

Twitter: @TotalEnergies LinkedIn: TotalEnergies Facebook: TotalEnergies Instagram: TotalEnergies

Cautionary Note
The terms “TotalEnergies”, “TotalEnergies company” or “Company” in this document are used to designate TotalEnergies SE and the consolidated entities that are directly or indirectly controlled by TotalEnergies SE. Likewise, the words “we”, “us” and “our” may also be used to refer to these entities or to their employees. The entities in which TotalEnergies SE directly or indirectly owns a shareholding are separate legal entities. 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 TotalEnergies 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. Information concerning risk factors, that may affect TotalEnergies’ financial results or activities is provided in the most recent Registration Document, the French-language version of which is filed by TotalEnergies SE with the French securities regulator Autorité des Marchés Financiers (AMF), and in the Form 20-F filed with the United States Securities and Exchange Commission (SEC).

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TotalEnergies

Media Relations: +33 (0)1 47 44 46 99 l presse@totalenergies.com l @TotalEnergiesPR

Investor Relations: +33 (0)1 47 44 46 46 l ir@totalenergies.com

Source: TotalEnergies

FAQ

What is the Hackberry Carbon Sequestration project related to TotalEnergies (TTE)?

TotalEnergies is partnering on the Hackberry Carbon Sequestration project to capture and store up to 2 million tons of CO2 per year at its Cameron LNG facility.

When was the agreement for the Hackberry Carbon Sequestration project signed by TotalEnergies (TTE)?

The agreement for the Hackberry Carbon Sequestration project was signed recently but no specific date is provided in the press release.

How will the Hackberry project impact CO2 emissions for TotalEnergies (TTE)?

The Hackberry project is designed to significantly reduce CO2 emissions at Cameron LNG, contributing to the company's sustainability efforts.

What are the next steps for the Hackberry Carbon Sequestration project for TotalEnergies (TTE)?

The project is pending necessary permits and definitive agreements before a final investment decision is made.

What role does TotalEnergies (TTE) play in the carbon capture sector?

TotalEnergies aims to develop storage capacity for 10 million metric tons of CO2 per year through various carbon capture initiatives.