February 2022 Results and Outlook
Downstream 2022: focus on delivery and transformation e
Targeting > 6 B$ CFFO in 2022*
TotalEnergies
Mo
alEnergies
Totolfnergies
Refining
Focusing on availability of the plants
→ Increase utilization rate from 64% to 80%
Transforming European refining
→ Increasing renewable diesel production
to ~400 kt/y, starting-up coprocessing
→ Converting Grandpuits into a zero-crude
platform (400 kt/y, start-up in 2024)
Petrochemicals
Growing in petrochemicals
→ Start-up 1 Mt/y ethane cracker in Port
Arthur (50/50 JV with Borealis) and PE line
Accelerating in the circular economy
→ Reaching ~100 kt/y circular polymers
(bio and recycling)
Marketing & Services
Selective on oil products sales
→ Arbitraging low margin sales: -20% vs 2015
Growing non-fuel revenues
→ Increasing non-fuel revenues from 33%
to 35% of retail CFFO in Europe
Developing new energies
→ Targeting 45,000 EV charge points
in operation with focus on HPC
2022 outlook
* In a 25 $/t European refining margin environment
February 2022 Results and Outlook 22View entire presentation