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COINTURK FINANCE > Business > TotalEnergies and Colas Extend Collaboration to Curtail Construction Emissions
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TotalEnergies and Colas Extend Collaboration to Curtail Construction Emissions

Overview

  • TotalEnergies and Colas partner for emission reduction in construction.

  • Technologies include renewable biofuels and solar facilities on Colas’s land.

  • The partnership sets a clear path for achieving ambitious carbon targets.

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TotalEnergies, a major player in the energy sector, and Colas, a leading French civil engineering firm, have decided to strengthen their partnership. The renewal of their collaboration will span three years and will focus on reducing emissions within the construction industry both in France and globally. The two companies aim to create greener construction practices through multi-energy solutions, which include the utilization of biofuels and battery systems. The partnership signifies a deep-seated commitment to environmental responsibility and innovation, aiming to significantly reduce the carbon footprint of construction operations.

Contents
What Approaches Will Be Implemented?How Will the Partnership Benefit Both Companies?

What Approaches Will Be Implemented?

The strategies under this renewed collaboration involve the comprehensive use of renewable energy solutions at construction sites. These solutions include the application of renewable biofuels and battery systems as alternatives to conventional generators. Additionally, the setup of charging infrastructure for electric construction site equipment is anticipated, alongside the use of solar power facilities on land owned by Colas. These initiatives highlight a focused intention by both companies to enhance energy efficiency and sustainability in their operations.

How Will the Partnership Benefit Both Companies?

By combining their resources, TotalEnergies and Colas are poised to achieve several shared objectives, particularly in the realm of reducing carbon emissions. TotalEnergies stands to benefit through the broader implementation of its multi-energy solutions, helping both itself and its partners in the journey to a reduced carbon footprint. Colas aims to achieve a significant cut in its direct greenhouse gas emissions, aligning with its environmental roadmap. This collaboration seeks to establish Colas as a leader in low-carbon operations within the construction sector.

Previously, both TotalEnergies and Colas individually pursued sustainability strategies, with TotalEnergies focusing on reducing product carbon intensity and Colas establishing emission reduction targets. This partnership consolidates their individual efforts into a unified approach, enhancing their capabilities to meet climate commitments. Earlier collaborations paved the way for building on acquired experience and focusing on practical applications that promise tangible benefits.

Bernard Pinatel, the President of Marketing and Services at TotalEnergies, remarked on the partnership’s potential, emphasizing the role of multi-energy offers in providing low-carbon solutions. Colas is set to integrate these innovations into their operations, capitalizing on TotalEnergies’ technological expertise to boost sustainability efforts.

Pierre Vanstoflegatte, CEO of Colas, highlighted the significance of utilizing multi-energy solutions and efficient land resource development as pivotal to cementing Colas’s position as a sustainable operator. The collaboration furthers Colas’s agenda of leveraging innovative strategies to respond to environmental goals.

Both companies have openly conveyed their dedication to lowering emissions, aiming to meet targets set within the coming decade. TotalEnergies has set an ambitious goal of reducing its carbon intensity by a quarter before 2030, which complements Colas’s target of a 46.5% decrease in direct emissions. These shared objectives underpin their cooperative endeavors.

Energy companies like TotalEnergies are increasingly aligning with sectors like construction (Colas) to explore energy efficiency. By combining resources, they aim to pave the way toward sustainable industry practices. Through sharing expertise and technology, both entities strive to meet environmental targets while fostering innovation in energy use.

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Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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