TotalEnergies Inks Deal To Decarbonize Its European Refineries
Portfolio Pulse from Lekha Gupta
TotalEnergies has signed a deal with German distribution company VNG to supply green hydrogen to its Leuna refinery in Germany. VNG and its partner Uniper will build a 30 MW electrolyzer to produce green hydrogen from renewable electricity, aiming to reduce the refinery's CO2 emissions by 80,000 tons by 2030.
June 21, 2023 | 4:02 pm
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NEUTRAL IMPACT
Air Liquide previously signed a deal with TotalEnergies to produce and harness renewable hydrogen.
Air Liquide's previous deal with TotalEnergies is mentioned in the context of TotalEnergies' ongoing efforts to decarbonize its European refineries. While this partnership is relevant to the overall story, it is not the main focus of the news and is unlikely to have a significant short-term impact on Air Liquide's stock price.
CONFIDENCE 80
IMPORTANCE 40
RELEVANCE 25
POSITIVE IMPACT
TotalEnergies signs a deal with VNG to supply green hydrogen to its Leuna refinery, aiming to reduce CO2 emissions by 80,000 tons by 2030.
The deal with VNG will help TotalEnergies in its efforts to decarbonize its European refineries and reduce CO2 emissions. This is in line with the company's sustainability goals and could positively impact its stock price as investors increasingly value environmentally responsible companies.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Uniper partners with VNG to build a 30 MW electrolyzer for green hydrogen production as part of TotalEnergies' decarbonization efforts.
Uniper's partnership with VNG to build the electrolyzer for green hydrogen production will contribute to TotalEnergies' decarbonization efforts. This partnership could have a positive impact on Uniper's stock price as it demonstrates the company's involvement in sustainable projects.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 50