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Clarification: The Grandpuits Conversion into a Zero-Crude Platform Continues and TotalEnergies will Meet All Its Commitments

1. Grandpuits refinery is converting to an advanced plastics recycling unit. 2. The project will produce Sustainable Aviation Fuels and be TTE's first zero-crude platform.

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FAQ

Why Bullish?

The ongoing conversion aligns TTE with sustainable energy trends, similar to past energy shifts leading to stock appreciation.

How important is it?

The Grandpuits refinery transformation signifies a pivotal move towards sustainability, directly influencing TTE's future profitability.

Why Long Term?

Completion of the project may enhance TTE's market position in sustainable fuels, boosting long-term growth.

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PARIS--(BUSINESS WIRE)--The ongoing conversion of the Grandpuits refinery is entering a key phase. Over 1,200 people are working on the project, which includes the launch of an advanced plastics recycling unit, the first in France to use this particular technology, and the construction of a biorefinery for the production of Sustainable Aviation Fuels (SAF). Once completed, this vast project will be the Company's first zero-crude platform. The complex construction operation, for which as much of.

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