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TotalEnergies SE ( (FR:TTE) ) has shared an announcement.
TotalEnergies has signed a 15-year agreement with Quatra to secure 60,000 tons of used cooking oil annually for its biorefineries, starting in 2026. This strategic partnership aims to enhance TotalEnergies’ production of biodiesel and sustainable aviation fuel, contributing to its goal of reducing carbon intensity and supporting its net-zero approach. The agreement underscores the importance of sustainable value chains and highlights TotalEnergies’ commitment to biofuel development, while Quatra focuses on efficient oil collection to support renewable energy production.
More about TotalEnergies SE
TotalEnergies is a global integrated energy company that produces and markets a variety of energies, including oil, biofuels, natural gas, biogas, low-carbon hydrogen, renewables, and electricity. The company operates in about 120 countries and emphasizes sustainability in its strategy and operations. Quatra is a European leader in the collection and recycling of used cooking oil, specializing in sustainable oil management solutions for the food and catering industries across ten countries.
See more data about TTE stock on TipRanks’ Stock Analysis page.
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