(CercleFinance.com) – TotalEnergies announced on Wednesday that it was going to join forces with the Belgian start-up TES to develop an e-gas production unit in the United States.
The French energy giant specifies that this project – owned equally by the two partners but operated by Total – will produce synthetic natural gas produced from renewable hydrogen and CO2.
Its production capacity is estimated between 100,000 and 200,000 tonnes of e-NG per year.
This partnership is supposed to combine the know-how of TES in terms of e-NG and the expertise of TotalEnergies in the production of renewable electricity, the management of large projects and the liquefaction of gas.
According to Total, the United States has certain advantages for the development of its first project in e-NG thanks to developed gas infrastructures, growing renewable electricity production capacities, and also significant public subsidies. .
This project will qualify for tax credits under the Inflation Reduction Act 2022 (IRA).
TotalEnergies and TES, which are in the process of launching the development studies for the project, say they envisage a final investment decision in 2024.
e-NG, a synthetic fuel, has the advantage of not requiring new logistics infrastructure, since it shares the same properties as natural gas, which allows them to be mixed in existing infrastructures.
Copyright © 2023 CercleFinance.com. All rights reserved.
Did you like this article ? Share it with your friends with the buttons below.
