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‘Downstream consumers to be offered decarbonized alternatives’

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In line with its recent name change and carbon neutrality agenda, TotalEnergies, formerly Total companies in Nigeria, has stated that it would influence consumer demand in the downstream sector by offering decarbonised alternatives in due course.

Indeed, the Executive General Manager, Total Country Services, Mrs. Bunmi Popoola-Mordi during a virtual meeting with journalists highlighted the company’s strategy towards achieving carbon neutrality by 2050.

“Beyond our ambition for 2050, we have set precise, demanding targets for 2030. We will produce more renewable electricity and LNG. We will also need new oil projects to offset the decline in output from fields currently in production, while decarbonising our hydrocarbon production chain by avoiding and reducing emissions and capturing residual emissions,” Popoola-Mordi said.

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On Downstream, the company said: “By 2030, the production and sale of petroleum products will account for around a third of TotalEnergies’ aggregate energy production and sales. This is slated to decline to below 20 per cent by 2050, versus 55 per cent in 2020.

“Simply put, we are leveraging the energies of today to build the energies of the future, and 2020-2030 will be the decade of our transformation into a truly broad energy company with a lineup featuring oil, gas, electricity, hydrogen, biomass, wind and solar.”

The company reiterated that TotalEnergies intends to become a major player in the energy transition. According to them, theyhave built a solid foundation on which to achieve their ambition.

In her presentation, Mrs. Popoola-Mordi gave insight into how the adaptation would unveil locally.

She said: “The Company is working together with local regulators to adapt the name change of the broad energy company we want to become.

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“During this period, you will witness Brand overhaul, Change from our usual communication, Total service stations will gradually change to take on the new logo, name and lifestyle, Total offices and assets will gradually depict our ambition as investment will tend more towards renewables”.

She allayed concerns that the name change and transformation to TotalEnergies would result in job losses saying on the contrary, it will have a more positive impact as the company would constantly upskill its staff in tandem with the transformation.

On his part, the Country Communication Manager, Dr. Charles Ebereonwu assured that the company was in Nigeria for the long haul, maintaining that Total Companies in Nigeria will continue to be an important part of the TotalEnergies Group.

He noted that the company had embraced renewables with the project to solarise its over 577 service stations spread across the country.

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