Total and IFPEN to accelerate the deployment of CCUS technologies, key solution for cutting CO2 emissions

Total and IFPEN to accelerate the deployment of CCUS technologies, key solution for cutting CO2 emissions

(PRESS RELEASE) COURBEVOIE, France, 9-Jul-2019 — /EuropaWire/ — IFP Energies Nouvelles (IFPEN) and Total sign strategic R&D partnership. The €40 million partnership covers a period of five years includes an agreement to endow a chair at the IFP School, on carbon capture, utilization and storage (CCUS) and technologies to curb CO2 emissions.

The agreement has two parts:

• A strategic R&D partnership on carbon capture, utilization and storage (CCUS) aims to reduce the cost of infrastructure and improve the CCUS chain’s energy efficiency to secure its large-scale deployment. The partnership strengthens the collaboration between Total and IFPEN by collecting additional resources. The research will focus on fields related to new materials, process scale-up, underground carbon storage in deep saline aquifers, technical and economic feasibility studies and the quantification of environmental benefits for the entire CCUS chain.

• The Carbon Management and Negative CO2 Emissions Technologies to Net-Zero Carbon Future Chair aims to train a new generation of international researchers and experts who will develop technologies to reduce carbon in the atmosphere. The chair will bring together seven doctoral and five post-doctoral researchers for five years overseen by a scientific committee comprised of world-renowned, independent experts.

“We are delighted to accelerate the R&D partnership between Total and IFPEN. We want to pool our innovation capabilities to reduce the cost of CCUS technologies and improve their efficiency — both of which are necessary for large-scale deployment. Total wants to help make the planet carbon neutral and boost the competitiveness of an industrial-scale CCUS sector,” commented Patrick Pouyanné, Chairman and CEO of Total, following the signature of the agreement.

“IFPEN has been actively researching carbon capture, utilization and storage technologies for nearly 20 years. Our strengthened partnership with Total will allow us to combine our teams’ skills and know-how with Total’s and thus to accelerate the deployment of CCUS technologies, which are a key solution for drastically cutting CO2 emissions,” added Didier Houssin, Chairman and CEO of IFPEN.

It will be necessary to capture and store 6 billion tons of carbon by 2050 according to the International Energy Agency’s (IEA) Sustainable Development Scenario, which corresponds to a less than 2°C rise in the global average temperature. This will require developing viable, cost-competitive CCUS technologies.

About IFPEN
IFP Energies nouvelles (IFPEN) was founded in 1944 as Institute of Oil, Fuels and Lubricants. Based at Rueil-Malmaison, the Institute is a major research and training player in the fields of energy, transport and the environment. From research to industry, technological innovation is central to all its activities, structured around three strategic priorities: sustainable mobility, new energies and responsible oil and gas.

About Total
Total is a major energy player that produces and markets fuels, natural gas and low-carbon electricity. The company employs 100,000 individuals that are committed to better energy that is safer, more affordable, cleaner and accessible to as many people as possible. Total is present in more than 130 countries, it aims to become the responsible energy major.

For more information, you may reach:

IFPEN Contact
Media Relations: +33 1 47 52 62 07 | presse@ifpen.fr

Total Contacts
Madia Relations: +33 1 47 44 46 99 l presse@total.com l @TotalPress
Investor Relations: +44 (0)207 719 7962 l ir@total.com

SOURCE: Total