September 2022 - Strategy and Outlook
Refining & Chemicals: delivery and transition
R&C contributing to +0.5 B$ CFFO by 2027
Te
TotalEnergies
Oil
TotalEnergies
Reinforce competitiveness
Improve refining utilization rate
From 64% to > 80%, capturing margin-high
environment
→ Accelerate on energy efficiency
→ Upgrade assets
Donges refinery modernization: start-up
mid-2023
Grow in Petrochemicals
→ US ethane cracker and PE
Startup in 2022, 1 Mt/y ethylene capacity,
full monomer / polymer integration
→ Advantaged feedstocks
From 40% in 2017 to > 60% from 2025
Invest in low-carbon products
→ Biofuels - outlets and markets
Priority to SAF, targeting 10% market
share by 2030 (1.5 Mt/y)
→ Biofuels - feedstock strategy
Priority to waste & residues (> 75%),
securing supply
→ Circular polymers
1 Mt of high-value circular polymers in
2030
September 2022 - Strategy and Outlook | 31View entire presentation