UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
OF THE SECURITIES EXCHANGE ACT OF 1934
January 31, 2020
Commission File Number 001-10888
TOTAL S.A.
(Translation of registrants name into English)
2, place Jean Millier
La Défense 6
92400 Courbevoie
France
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F ☒ Form 40-F ☐
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ☐
Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders.
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ☐
Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrants home country), or under the rules of the home country exchange on which the registrants securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrants security holders, and, if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR.
Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes ☐ No ☒
(If Yes is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82- .)
TOTAL S.A. is providing on this Form 6-K a description of certain recent developments relating to its business.
Exhibit 99.1 Disclosure of transactions in own shares (January 2, 2020) |
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Exhibit 99.2 Svante, LafargeHolcim, Oxy Low Carbon Ventures and Total launch study for commercial-scale carbon capture and end-use at U.S. plant (January 6, 2020) |
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Exhibit 99.3 Surinam: Total and Apache Make Significant Discovery in Block 58 (January 7, 2020) |
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Exhibit 99.4 Total to develop Qatars First Large-Scale (800 MWp) Solar Plant (January 20, 2020) |
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Exhibit 99.5 Electric Vehicles: Total will install and operate up to 20,000 new EV charging points for Metropolitan Region Amsterdam Electric (January 22, 2020) |
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Exhibit 99.6 Alexis Vovk, new President Marketing & Services, is appointed at the Executive Committee of Total (January 22, 2020) |
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Exhibit 99.7 Banque des Territoires takes a 50% stake in a portfolio of Solar and Wind Power Assets of Total in France (January 28, 2020) |
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Exhibit 99.8 Launch of a Pilot Plant to Manufacture European Batteries for Electric Vehicles (January 30, 2020) |
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
TOTAL S.A. | ||||||
Date: January 31, 2020 | By: | /s/ ANTOINE LARENAUDIE | ||||
Name: | Antoine LARENAUDIE | |||||
Title: | Group Treasurer |
EXHIBIT 99.1
Press Release
Disclosure of Transactions in Own Shares
Paris, January 2, 2020 In accordance with the authorization given by the ordinary shareholders general meeting on May 29, 2019 to trade on its shares and pursuant to applicable law on share repurchase, TOTAL S.A. (LEI: 529900S21EQ1BO4ESM68) declares the following purchases of its own shares (FR0000120271) from December 30, 2019 to December 31, 2019:
Transaction date |
Total daily volume (number of shares) |
Daily weighted average purchase price of the shares (EUR/share) |
Amount of transactions (EUR) |
Market (MIC Code) | ||||||||||
30.12.2019 |
505,239 | 49.4439 | 24,980,987 | XPAR | ||||||||||
30.12.2019 |
115,277 | 49.4669 | 5,702,396 | CHIX | ||||||||||
30.12.2019 |
40,133 | 49.4515 | 1,984,637 | TRQX | ||||||||||
30.12.2019 |
58,920 | 49.4638 | 2,914,407 | BATE | ||||||||||
31.12.2019 |
161,905 | 49.1374 | 7,955,591 | XPAR | ||||||||||
31.12.2019 |
57,191 | 49.1462 | 2,810,720 | CHIX | ||||||||||
31.12.2019 |
23,868 | 49.1518 | 1,173,155 | TRQX | ||||||||||
31.12.2019 |
40,246 | 49.1524 | 1,978,187 | BATE | ||||||||||
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Total |
1,002,779 | 49.3629 | 49,500,080 | |||||||||||
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Transaction details
In accordance with Article 5(1)(b) of Regulation (EU) No 596/2014 (the Market Abuse Regulation) a full breakdown of the individual trades are disclosed on the Total website: https://www.total.com/en/investors/shares-and-dividends/Total-shares/Company-share-transactions
About Total
Total is a major energy player, which produces and markets fuels, natural gas and low-carbon electricity. Our 100,000 employees are committed to better energy that is safer, more affordable, cleaner and accessible to as many people as possible. Active in more than 130 countries, our ambition is to become the responsible energy major.
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Total contacts
Media Relations: +33 1 47 44 46 99 | presse@total.com | @TotalPress
Investor Relations: +44 (0)207 719 7962 | ir@total.com
EXHIBIT 99.2
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Press Release
Svante, LafargeHolcim, Oxy Low Carbon Ventures and Total launch study
for commercial-scale carbon capture and end-use at U.S. plant
Study targets feasibility of capturing CO2 from LafargeHolcim cement plant
for storage by Occidental
Vancouver/Zurich/Houston/Paris, January 6, 2020 Svante Inc., LafargeHolcim, Oxy Low Carbon Ventures, LLC (OLCV), a wholly-owned subsidiary of Occidental, and Total today announced a joint study to assess the viability and design of a commercial-scale carbon-capture facility at the Holcim Portland Cement Plant in Florence, Colorado, U.S.
The study will evaluate the cost of the facility designed to capture up to 725,000 tonnes of carbon dioxide per year directly from the LafargeHolcim cement plant, which would be sequestered underground permanently by Occidental.
OLCV is dedicated to advancing low-carbon solutions that will enhance Occidentals business while reducing emissions, OLCV President Richard Jackson said. Participating in this study aligns with our goals of finding an economical pathway toward large-scale application of carbon-capture technologies to reduce emissions.
The carbon-capture facility under review will employ Svantes technology to capture carbon directly from industrial sources at half the capital cost of existing solutions. Occidental, the industry leader in CO2 management and storage, would sequester the captured CO2. Pairing carbon capture from a cement plant with CO2 sequestration is a significant step forward for the cement industry in reducing its carbon footprint.
Being at the forefront of the low-carbon transition requires continuous innovation and partnerships, LafargeHolcim CEO Jan Jenisch said. LafargeHolcim has significantly invested in the development of low-carbon solutions. Collaborating with Svante, OLCV and Total, we expect to realize a successful U.S. carbon-capture project in the near future.
Svantes capital cost advantage, combined with progressive tax credit policies such as the 45Q tax credit in the U.S., can make carbon capture profitable across a range of large-scale industrial applications like cement, said Claude Letourneau, president and CEO of Svante Inc.
Total has slated 10% of its annual R&D budget to make significant advances in Carbon Capture, Utilization and Storage (CCUS) technology, a key technology to curb worldwide CO2 emissions. Our investment in this joint study is directly aligned with our strategy. The learnings from this study will help us pursue our commitment to the commercial development of CCUS, said Marie-Noëlle Semeria, Senior Vice President, Group CTO at Total.
This joint initiative follows the recently-launched Project CO2MENT between Svante, LafargeHolcim and Total in Canada at the Lafarge Richmond cement plant, where progress has been made towards re-injecting captured CO2 into concrete.
About Total
Total is a major energy player that produces and markets fuels, natural gas and low-carbon electricity. Our 100,000 employees are committed to better energy that is safer, more affordable, cleaner and accessible to as many people as possible. Active in more than 130 countries, our ambition is to become the responsible energy major. www.total.com
About Oxy Low Carbon Ventures
Oxy Low Carbon Ventures, LLC (OLCV) is a subsidiary of Occidental, an international oil and gas exploration and production company with operations in the United States, Middle East and Latin America. OLCV is focused on advancing leading-edge, low-carbon technologies and business solutions that economically grow our business while reducing emissions. OLCV also invests in the development of low-carbon fuels and products, as well as sequestration services to support carbon capture projects globally.
Cautionary Statement Regarding Forward-Looking Statements
Any statements in this release relating to expectations, beliefs, plans or forecasts, including any statements relating to the success, capability or scalability of the project, that are not historical facts are forward-looking statements. These statements are typically identified by words such as potential, will, would, should, may, plan, believe, expect, designed to, or similar expressions that convey the prospective nature of events or outcomes. Actual results, including those related to project plans and timing and the impact and results of new technologies, including emission reductions, could vary from anticipated results. Factors that could cause actual results to differ include, but are not limited to: global commodity pricing fluctuations; supply and demand considerations for carbon capture and sequestration technologies; the competitiveness of alternative energy sources or product substitutes; higher-than-expected costs; the regulatory environment; availability of funding, personnel and materials; litigation; actions by third parties; failures in risk management; and changes in laws, regulations or tax rates. Material risks that may affect the results of Occidental and its subsidiaries appear in Part I, Item 1A Risk Factors of Occidentals Annual Report on Form 10-K for the year ended December 31, 2018, and in Occidentals other filings with the SEC.
About LafargeHolcim
LafargeHolcim is the global leader in building materials and solutions. We are active in four business segments: cement, aggregates, ready-mix concrete and solutions & products. With leading positions in all regions of the world and a balanced portfolio between developing and mature markets, LafargeHolcim offers a broad range of high-quality building materials and solutions. LafargeHolcim experts solve the challenges that customers face around the world, whether they are building individual homes or major infrastructure projects. Demand for LafargeHolcim materials and solutions is driven by global population growth, urbanization, improved living standards and sustainable construction. Around 75,000 people work for the company in around 80 countries.
About Svante
Svante offers companies in emissions-intensive industries a commercially viable way to capture large-scale CO2 emissions from existing infrastructure, either for safe storage or to be recycled for further industrial use in a closed loop. With the ability to capture CO2 directly from industrial sources at less than half the capital cost of existing solutions, Svante makes industrial-scale carbon capture a reality. Svantes Board of Directors includes Nobel Laureate and former Secretary of Energy, Steven Chu; former Airbus Groups Chief Technical Officer Jean Botti; and Steven Berkenfeld, former Head of Industrial & Cleantech Practice at Barclays Capital. To learn more about Svantes technology, click here or visit Svantes website. You can also connect with us on LinkedIn or Twitter @svantesolutions.
Svante Julia McKenna (Investors) jmckenna@svanteinc.com +1 (778) 985 5722
Martin Cej (Media) mcej@longviewcomms.ca +1 (587) 319 2828 |
LafargeHolcim LafargeHolcim Group Media Relations
Jocelyn Gerst Jocelyn.Gerst@lafargeholcim.com +1 (773) 355 4701 | |
Oxy Low Carbon Ventures Jeff Alvarez (Investors) jeff_ alvarez@oxy.com +1 (713) 215 7864
Helen Rhymes (Media) helen_rhymes@oxy.com +1 (713) 840-3019 |
Total Media Relations: presse@total.com l +33 1 47 44 46 99
Investor Relations: ir@total.com l +44 (0)207 719 79 62 |
Cautionary Note
This press release, from which no legal consequences may be drawn, is for information purposes only. The entities in which TOTAL S.A. directly or indirectly owns investments are separate legal entities. TOTAL S.A. has no liability for their acts or omissions. In this document, the terms Total, Total Group and Group are sometimes used for convenience. Likewise, the words we, us and our may also be used to refer to subsidiaries in general or to those who work for them.
This document may contain forward-looking information and statements that are based on a number of economic data and assumptions made in a given economic, competitive and regulatory environment. They may prove to be inaccurate in the future and are subject to a number of risk factors. Neither TOTAL S.A. nor any of its subsidiaries assumes any obligation to update publicly any forward-looking information or statement, objectives or trends contained in this document whether as a result of new information, future events or otherwise.
EXHIBIT 99.3
Press Release
Surinam: Total and Apache Make Significant Discovery
in Block 58
Paris, January 7, 2020 Total and Apache have made a material oil discovery with the Maka Central-1 well on Block 58 offshore Surinam, on trend with the prolific discoveries in the adjacent Stabroek block in Guyana.
The Maka Central-1 well was drilled by a water depth of about 1,000 meters and encountered more than 123 meters net pay of high-quality light oil and gas rich condensate net pay, in multiple stacked reservoirs in Upper Cretaceous Campanian and Santonian formations. Further drilling and testing will be carried out to appraise the resources and productivity of the reservoir.
We are very pleased with this first significant oil discovery, made just after our entry into Block 58. The result is very encouraging and proves the extension of the prolific world-class Guyana Cretaceous oil play into Surinam waters, said Kevin McLachlan, Senior Vice President Exploration at Total. We are optimistic about the large remaining potential of the area still to be discovered and will test several other prospects on the same block.
The Maka Central-1 exploration well was drilled by Apache as operator with 50% working interest and with Total as the JV partner with 50% working interest. The next exploration well will be drilled on the Sapaka West-1 prospect and the operatorship will be transferred to Total after completion of a third exploration well.
About Total
Total is a major energy player that produces and markets fuels, natural gas and low-carbon electricity. Our 100,000 employees are committed to better energy that is safer, more affordable, cleaner and accessible to as many people as possible. Active in more than 130 countries, our ambition is to become the responsible energy major.
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Total Contacts
Media Relations: +33 1 47 44 46 99 | presse@total.com | @TotalPress
Investor Relations: +44 (0)207 719 7962 | ir@total.com
Cautionary Note
This press release, from which no legal consequences may be drawn, is for information purposes only. The entities in which TOTAL S.A. directly or indirectly owns investments are separate legal entities. TOTAL S.A. has no liability for their acts or omissions. In this document, the terms Total, Total Group and Group are sometimes used for convenience. Likewise, the words we, us and our may also be used to refer to subsidiaries in general or to those who work for them.
This document may contain forward-looking information and statements that are based on a number of economic data and assumptions made in a given economic, competitive and regulatory environment. They may prove to be inaccurate in the future and are subject to a number of risk factors. Neither TOTAL S.A. nor any of its subsidiaries assumes any obligation to update publicly any forward-looking information or statement, objectives or trends contained in this document whether as a result of new information, future events or otherwise.
EXHIBIT 99.4
Press Release
Total to develop
Qatars First Large-Scale (800 MWp) Solar Plant
Paris, January 20, 2020 Total has entered into agreements for the development of the Al Kharsaah Solar PV IPP Project, a 800 megawatt-peak (MWp) solar plant that will be located 80 kilometers west of Doha, Qatar. The project was awarded to a consortium of Total (49%) and Marubeni (51%) as the result of the countrys first solar tender.
We are proud to pioneer the development of the first large-scale solar power plant in Qatar and support the countrys assertive commitment to developing renewable energy. Together with our partners, we will bring the best of our expertise and technical know-how to deliver one of the most competitive projects in the world, said Patrick Pouyanné, Chairman and CEO of Total. Al Kharsaah, Totals largest solar project to date, will contribute to our ambition to deploy 25 GW of renewables by 2025. This project further strengthens our long-term partnership with Qatar in oil, natural gas, refining and petrochemicals and expands it to include renewable energy. It is a very clear symbol of the strategy of Total to become a global energy company.
Qatars first large-scale solar power plant, Al Kharsaah will provide sustainable, affordable and clean energy to industries, services and individuals through the Qatari grid starting from 2021 with an initial 350 MWp capacity before reaching its full capacity in 2022. It will represent around 10% of electricity peak demand of the country and will reduce the CO2 emissions of Qatar by 26 million tons during the life of the project. The solar plant will be built on over 1000 hectares of land and equipped with 2 million bifacial solar modules with trackers, allowing substantial power gains and leveraging the advantage of the exceptional sunlight exposure in the region. It will represent an investment of around 500 million US dollars.
The project will be developed and operated by Siraj 1 SPV, jointly owned by the Consortium of Total Solar International and Marubeni (40%), alongside Siraj Energy (60%), a Joint Venture between Qatar Petroleum (40%) and QEWC (Qatar Electricity & Water Company, 60%). The project benefits from a 25-year power purchase agreement (PPA) to supply electricity to the offtaker Kahramaa.
Total and Low-Carbon Electricity
Total integrates climate change into its strategy and is staying ahead of new energy market trends by building a portfolio of low-carbon businesses that could account for 15 to 20% of its sales by 2040. Totals gross low-carbon power generation capacity worldwide is currently close to 7 gigawatts, of which over 3 gigawatts from renewable energies.
Total actively contributes to the growth of solar energy worldwide by designing and operating utility-scale power plants and supplying industrial and commercial customers with solar energy generated at their sites.
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About Total in Qatar
Present in Qatar since 1936, Total holds along with its partner Qatar Petroleum a 20% interest in the upstream part of Qatargas 1, a 10% interest in the Qatargas 1 liquefaction plant joint venture, a 16.7% stake in the Qatargas 2 train 5 joint venture, a 40% interest in Al-Khalij offshore oil field and a 30% stake in North Oil Company joint venture which operates the giant Al-Shaheen offshore oil field. Total also holds a 24.5% stake in the Dolphin Energy Ltd Company. Totals production in the country averaged 211,000 barrels of oil equivalent per day in 2018.
Total is also a partner in the Ras Laffan Refineries with a 10% interest and in the Qapco (20%), RLOC (22.4%) and Qatofin (48.6%) petrochemical plants.
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About Total
Total is a major energy player that produces and markets fuels, natural gas and low-carbon electricity. Our 100,000 employees are committed to better energy that is safer, more affordable, cleaner and accessible to as many people as possible. Active in more than 130 countries, our ambition is to become the responsible energy major.
Total Contacts
Media Relations: +33 1 47 44 46 99 | presse@total.com | @TotalPress
Investor Relations: +44 (0)207 719 7962 | ir@total.com
Cautionary note
This press release, from which no legal consequences may be drawn, is for information purposes only. The entities in which TOTAL S.A. directly or indirectly owns investments are separate legal entities. TOTAL S.A. has no liability for their acts or omissions. In this document, the terms Total, Total Group and Group are sometimes used for convenience. Likewise, the words we, us and our may also be used to refer to subsidiaries in general or to those who work for them.
This document may contain forward-looking information and statements that are based on a number of economic data and assumptions made in a given economic, competitive and regulatory environment. They may prove to be inaccurate in the future and are subject to a number of risk factors. Neither TOTAL S.A. nor any of its subsidiaries assumes any obligation to update publicly any forward-looking information or statement, objectives or trends contained in this document whether as a result of new information, future events or otherwise.
EXHIBIT 99.5
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Press Release
Electric Vehicles: Total will install and operate up to
20,000 new EV charging points
for Metropolitan Region Amsterdam Electric
Amsterdam, January 22, 2020 Metropolitan Region Amsterdam Electric (MRA-Electric) has awarded Europes largest concession contract for electric vehicles charging to Total. Under this agreement, Total will install and operate up to 20,000 new public charging points in the Netherlands, in the three provinces of North-Holland, Flevoland and Utrecht*.
This new contract intends to address the fast growing demand for public Electric Vehicle (EV) charging points in the Netherlands. This EV charging network covers a population of 3,2 million inhabitants and around 15% of the current Netherlands EV charging demand.
Total Netherlands is already the main EV charging operator in the MRA-Electric region, with over 4 500 public charging points under operation and accessible to the public. The size of this new contract, the largest ever in Europe, is the logical resultant of the success of the existing EV charging solutions available in the MRA, combined with Totals expertise in installation, operations and management of public EV charging networks.
As part of this concession contract, the electricity supplied by Total Netherlands to the EV charging network will be 100 % sourced from renewable power (Solar, Wind, ) and produced in the country. Total Netherlands has additionally pledged to gradually source part of it from the MRA region itself, enabling EV drivers to charge their electric vehicles with locally-generated and sustainable energy. Total Netherlands will also study new solar power production opportunities in the MRA region.
In addition, Total will develop and implement smart charging technologies allowing both a stable grid management at times of high electricity consumption as well as efficient and sustainable charging when cost of energy is more affordable.
We are happy to have been awarded the largest public Electric Vehicle charging contract in Europe by Metropolitan Region Amsterdam Electric. highlights Alexis Vovk, President for Marketing & Services and Member of the Executive Committee at Total. By combining the experience and legacy of our team in the Netherlands -formally PitPoint Clean Fuels**- with the expertise of Total in EV charging and in Solar Power, we were able to present an innovative offer fitting the needs of both the MRA-Electric and the future users. For Total, providing the Dutch EV drivers with such reliable charging infrastructure and services, powered by clean and renewable electricity, is a significant and unprecedented step toward sustainable mobility. It is in line with our ambition to operate 150,000 charging point by Europe by 2025 and to become a major player in the electric mobility business.
Thanks to the project approach of Metropolitan Region Amsterdam Electric (MRA-E), governments and private companies, we can work together and stimulate electric transport. Together on the way to clean air ! declared Maarten Linnenkamp, Project Manager for Electric Mobility at the Metropolitan Region of Amsterdam:
* | With the exception of the municipalities of Amsterdam and Utrecht |
** | As of January 1st 2020, PitPoints offerings have been merged into Total. |
About Metropolitan Region Amsterdam Electric
The project is a cooperation of governments in the region aimed at stimulating electromobility in the three provinces North-Holland, Flevoland and Utrecht and the municipalities within these provinces.
About 3,2 million people, more than 18 percent of the population in the Netherlands, live within the this region. It is the countrys most robust economic region.
About Total
Total is a major energy player that produces and markets fuels, natural gas and low-carbon electricity. Our 100,000 employees are committed to better energy that is safer, more affordable, cleaner and accessible to as many people as possible. Active in more than 130 countries, our ambition is to become the responsible energy major.
About Total in the Netherlands
Total Nederland N.V. coordinates the marketing, distribution and sale of fuels and lubricating oil products in the Netherlands. The company has around 200 employees. In the Netherlands, the TOTAL network currently has around 350 service stations. In addition, Total sells fuels to traders and business end users. Lubricants are marketed under the TOTAL, ELF and TOTAL AGRI brands. For more information: www.total.nl
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Total Contacts
Media Relations: +33 1 47 44 46 99 | presse@total.com | @TotalPress
For Dutch Medias: Yvonne Hoddenbach | 070 512 9637 | yvonne.hoddenbach@total.com
Investor Relations: +44 (0)207 719 7962 | ir@total.com
Cautionary note
This press release, from which no legal consequences may be drawn, is for information purposes only. The entities in which TOTAL S.A. directly or indirectly owns investments are separate legal entities. TOTAL S.A. has no liability for their acts or omissions. In this document, the terms Total, Total Group and Group are sometimes used for convenience. Likewise, the words we, us and our may also be used to refer to subsidiaries in general or to those who work for them.
This document may contain forward-looking information and statements that are based on a number of economic data and assumptions made in a given economic, competitive and regulatory environment. They may prove to be inaccurate in the future and are subject to a number of risk factors. Neither TOTAL S.A. nor any of its subsidiaries assumes any obligation to update publicly any forward-looking information or statement, objectives or trends contained in this document whether as a result of new information, future events or otherwise.
EXHIBIT 99.6
Press Release
Alexis Vovk, new President Marketing & Services,
is appointed at the Executive Committee of Total
Paris, January 22, 2020 As of January 1, 2020, Alexis Vovk is President, Marketing & Services and a Total Executive Committee member, a position previously held by Momar Nguer, who has reached the age-limit.
Totals Executive Committee now consists of:
| Patrick Pouyanné, Chief Executive Officer |
| Arnaud Breuillac, President, Exploration & Production |
| Helle Kristoffersen, President Strategy-Innovation |
| Bernard Pinatel, President, Refining & Chemicals |
| Philippe Sauquet, President, Gas, Renewables & Power |
| Jean-Pierre Sbraire, Chief Financial Officer |
| Namita Shah, President, People & Social Responsibility. |
| Alexis Vovk, President, Marketing & Services |
The Marketing & Services division of Total is on the forefront to address the challenges posed by new forms of mobility and by the growing demand of energy in fast-growing economies. In this context, Im very pleased to welcome Alexis Vovk to the Executive Committee commented Patrick Pouyanné, Chairman & CEO of Total. I also thank Momar Nguer for the role he played since 2016 within the Executive Committee, and I know that the Group will be able to rely on his advices to pursue its development in Africa.
About Total
Total is a major energy player that produces and markets fuels, natural gas and low-carbon electricity. Our 100,000 employees are committed to better energy that is safer, more affordable, cleaner and accessible to as many people as possible. Active in more than 130 countries, our ambition is to become the responsible energy major.
Alexis Vovk | ||
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Alexis Vovk began his career at Total in 1991 in the UK, in the division in charge of Refining and Marketing activities.
Following a first position in France, he pursues an international career with several technical and commercial positions in Turkey and Tunisia.
After a position at the divisions Strategy department, he is appointed Managing Director for Total in Zambia in 2007, followed by similar positions in Kenya from 2010 and in Nigeria between 2013 and 2016.
In 2016, he becomes Senior Vice President France and President of Total Marketing France, in charge of operational activities in France, notably overseeing the Groups service-stations network in the country. He additionally joins the Marketing & Services Management Committee in 2019
On January 1st, 2020, Alexis Vovk is appointed President, Marketing & Services and a Total Executive Committee member.
Alexis Vovk is a graduate of ESSEC Business School (1988). |
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Total Contacts
Media Relations: +33 1 47 44 46 99 | presse@total.com | @TotalPress
Investor Relations: +44 (0)207 719 7962 | ir@total.com
Cautionary note
This press release, from which no legal consequences may be drawn, is for information purposes only. The entities in which TOTAL S.A. directly or indirectly owns investments are separate legal entities. TOTAL S.A. has no liability for their acts or omissions. In this document, the terms Total, Total Group and Group are sometimes used for convenience. Likewise, the words we, us and our may also be used to refer to subsidiaries in general or to those who work for them.
This document may contain forward-looking information and statements that are based on a number of economic data and assumptions made in a given economic, competitive and regulatory environment. They may prove to be inaccurate in the future and are subject to a number of risk factors. Neither TOTAL S.A. nor any of its subsidiaries assumes any obligation to update publicly any forward-looking information or statement, objectives or trends contained in this document whether as a result of new information, future events or otherwise.
EXHIBIT 99.7
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Press Release
Banque des Territoires takes a 50% stake in a portfolio of Solar
and Wind Power Assets of Total in France
Paris, January 28, 2020 Total, through Total Quadran - its renewable electricity production subsidiary in France, and Banque des Territoires have signed an agreement upon which Banque des Territoires takes a 50% equity stake in Total Quadrans portfolio of solar and wind energy assets in France of a total capacity of 143 MW. This portfolio consists of 11 wind farms and 35 solar power plants, with a cumulative capacity of 96 MW and 47 MW respectively and has been valued at around 300 Million euros (100%) in this transaction.
The entry of Banque des Territoires into both portfolios alongside Total Quadran will enable Total Quadran to pursue further development of renewable energy projects in France in partnership with a locally established payer committed to regional development.
The entry of a new partner into our projects in operation follows the refinancing performed earlier this year and is in line with our renewables development business model, aiming to achieve over 10% return on equity, said Philippe Sauquet, President Gas, Renewables and Power at Total.
We invest in renewable energies to support stakeholders and public policies actively engaged in energy transition and the development of more sustainable and environmentally friendly communities. This acquisition fully supports our ambition: helping to roll out new renewable energy projects in France, said Emmanuel Legrand, Director of the Department of Energy and Ecological Transition at Banque des Territoires.
Through Banque des Territoires, Caisse des Dépôts takes environmental, social and governance factors into account in its investment decisions. This structuring transaction is yet another illustration of its commitment to these major issues.
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About Total Quadran
Total Quadran, a pioneer of renewable energies in France, develops, builds and operates renewable electricity generation resources (wind, photovoltaic, hydro and biogas). Total Quadran operates over 300 renewable energy plants in France totaling nearly 900 MW, generating 1,675 GWh of renewable electricity per year. This is the equivalent of the annual consumption of nearly 1,5 million people and annual savings of nearly 560,000 tons of CO2 emissions.
About Banque des Territoires
Created in 2018, Banque des Territoires is one of the five business lines of Caisse des Dépôts. It brings together all internal expertises designed for the French territories. As a single client gateway, it offers tailor-made advisory and financing solutions in loans and investments in order to meet the needs of local authorities, social housing organizations, local public
companies and the legal professions. It is aimed at all kind of areas, from rural to metropolitan areas, with the aim of tackling social inequalities and territorial divisions. Banque des Territoires is deployed in all Caisse des Dépôts regional divisions and territorial offices in order to be better known and closer to its clients.Towards more attractive, inclusive, sustainable and connected territories.
www.banquedesterritoires.fr /
@BanqueDesTerr
About Total
Total is a major energy player that produces and markets fuels, natural gas and low-carbon electricity. Our 100,000 employees are committed to better energy that is safer, more affordable, cleaner and accessible to as many people as possible. Active in more than 130 countries, our ambition is to become the responsible energy major.
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Total Quadran Contact
Elodie Billerey: +33 4 67 32 63 35 elodie.billerey@total-quadran.com
Banque des Territoires Contact Caisse des Dépôts Group
Isaline Ollivier: isaline.ollivier@caissedesdepots.fr +33 1 58 50 23 07
Total Contacts
Media Relations: +33 1 47 44 46 99 | presse@total.com | @TotalPress
Investor Relations: +44 (0)207 719 7962 | ir@total.com
Cautionary note
This press release, from which no legal consequences may be drawn, is for information purposes only. The entities in which TOTAL S.A. directly or indirectly owns investments are separate legal entities. TOTAL S.A. has no liability for their acts or omissions. In this document, the terms Total, Total Group and Group are sometimes used for convenience. Likewise, the words we, us and our may also be used to refer to subsidiaries in general or to those who work for them.
This document may contain forward-looking information and statements that are based on a number of economic data and assumptions made in a given economic, competitive and regulatory environment. They may prove to be inaccurate in the future and are subject to a number of risk factors. Neither TOTAL S.A. nor any of its subsidiaries assumes any obligation to update publicly any forward-looking information or statement, objectives or trends contained in this document whether as a result of new information, future events or otherwise.
EXHIBIT 99.8
Press Release
Launch of a Pilot Plant to Manufacture European Batteries for
Electric Vehicles
Paris, January 30, 2020 During French President Emmanuel Macrons visit to the Saft Nersac plant near Angoulême, in the Nouvelle-Aquitaine region, Total, through its affiliate Saft, and PSA with Opel, are announcing their plan to combine their know-how to develop EV battery manufacturing activity in Europe. To that end, the partners intend to establish a joint venture named Automotive Cell Company (ACC).
The project will leverage cutting-edge R&D, notably provided by Saft, in order to produce EV batteries starting in 2023. The technology used will offer the highest level of energy performance, both in terms of range and charging time, and a lower carbon footprint than that of the competition, setting a new standard in Europe.
The first phase of the project focuses on R&D, including building a pilot plant on the land of Safts Nersac facility. The plant is scheduled to start up in mid-2021 and represents an investment of 200 million euros. The project will generate around 200 high-skilled jobs in Frances Nouvelle-Aquitaine region to develop, qualify and commercially scale up new, high-performance lithium-ion batteries.
This first phase will trigger the investment decision for a large-scale production plant (8 GWh initially, rising to 24 GWh later on) in the northern Hauts-de-France region, followed by a second one of equal capacity in Germany, in order to reach 48 GWh of combined capacity by 2030. That would represent production of one million batteries a year, or around 10-15% of the European market. Ultimately, nearly 5 billion will be required to complete this ambitious program.
Total and Groupe PSA acknowledge the support of French, German and European Union authorities for the project, expected to receive nearly 1.3 billion in public funding during its development in the frame of the Important Projects of Common European Interest (IPCEI) initiative authorized by the European Commission.
In 2015, Total set an ambition to become the responsible energy major. With that in mind, we acquired Saft, a major battery maker, in 2016, primarily to develop energy storage to support the growth of intermittent renewable energies such as solar and wind. The fast-growing development of electric mobility offers Total, via Saft, another opportunity for growth and commitment to a decarbonized economy, said Patrick Pouyanné, Chairman and Chief Executive Officer of Total. With the support of French, German and European authorities, we will deploy our best expertise and technologies alongside our partner Groupe PSA, to create a competitive European battery industry.
Carlos Tavares, Chairman of the Managing Board of Groupe PSA added: Our purpose is to offer citizens mobility options that are clean, safe and affordable. I am convinced that this project, with our partner Total/Saft, will create a benchmark player in automotive battery cell development and production in Europe. I would like to thank the French and German authorities, the Nouvelle-Aquitaine and Hauts-de-France regions and Rhineland-Palatinate state for their active support, which is decisive in the creation of a competitive business backed by Total and its affiliate Saft, Groupe PSA and Opel.
The Automotive Cell Company (ACC) will be a 50-50 Saft and Groupe PSA/Opel joint venture for the pilot production line. During the commercial production phase, Safts share in ACC will decline to 33%.
European context
In 2019, the European Union set ambitious, binding targets to quickly expand the sale of electric vehicles. The European market for automotive batteries is estimated to reach around 400 GWh in 2030, or 15 times current needs, corresponding to more than seven million electric vehicles.
European automakers therefore need to plan their battery supply strategy, since batteries represent more than a third of an electric vehicles added value.
The projects implementation is contingent on securing the approvals of the relevant antitrust authorities.
About Total
Total is a major energy player that produces and markets fuels, natural gas and low-carbon electricity. Our 100,000 employees are committed to better energy that is safer, more affordable, cleaner and accessible to as many people as possible. Active in more than 130 countries, our ambition is to become the responsible energy major.
About Saft
Saft specializes in advanced technology battery solutions for industry, from design and development to production, customization and service provision. For 100 years, Safts longer-lasting batteries and systems have provided critical safety applications, back-up power and propulsion for our customers. Our innovative, safe and reliable technology delivers high performance on land, at sea, in the air and in space. Saft is powering industry and smarter cities, while providing critical back-up functionality in remote and harsh environments from the Arctic Circle to the Sahara Desert. Saft is a wholly-owned subsidiary of Total, a major energy player that produces and markets fuels, natural gas and low-carbon electricity.
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Saft Contacts
Media Relations : +33 1 58 63 16 60 | karen.hollington@saftbatteries.com
Total Contacts
Media Relations: +33 1 47 44 46 99 | presse@total.com | @TotalPress
Investor Relations: +44 (0)207 719 7962 | ir@total.com
Cautionary note
This press release, from which no legal consequences may be drawn, is for information purposes only. The entities in which TOTAL S.A. directly or indirectly owns investments are separate legal entities. TOTAL S.A. has no liability for their acts or omissions. In this document, the terms Total, Total Group and Group are sometimes used for convenience. Likewise, the words we, us and our may also be used to refer to subsidiaries in general or to those who work for them.
This document may contain forward-looking information and statements that are based on a number of economic data and assumptions made in a given economic, competitive and regulatory environment. They may prove to be inaccurate in the future and are subject to a number of risk factors. Neither TOTAL S.A. nor any of its subsidiaries assumes any obligation to update publicly any forward-looking information or statement, objectives or trends contained in this document whether as a result of new information, future events or otherwise.
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