TotalEnergies: takes stake in Ductor
(CercleFinance.com) - TotalEnergies announces that it has acquired a 20% stake in Ductor, a Finnish start-up that has developed an innovative technology for treating organic waste with a high nitrogen content, such as poultry effluents.
"By allowing the treatment of new types of input, this technology is helping to accelerate the development of the biogas value chain, thus contributing to the energy transition. It will also enable TotalEnergies to seize new market opportunities", it says.
TotalEnergies has also entered into a partnership with Ductor to develop and invest in several biomethane production projects, mainly in the US and Europe. Ductor has a pipeline of 15 to 20 projects, some of which are very advanced.
One of the partners' aims is to develop an initial unit in Ohio. Under the terms of the joint venture, TotalEnergies will market the production of biomethane and Ductor will market the production of sustainable biofertilisers.
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"By allowing the treatment of new types of input, this technology is helping to accelerate the development of the biogas value chain, thus contributing to the energy transition. It will also enable TotalEnergies to seize new market opportunities", it says.
TotalEnergies has also entered into a partnership with Ductor to develop and invest in several biomethane production projects, mainly in the US and Europe. Ductor has a pipeline of 15 to 20 projects, some of which are very advanced.
One of the partners' aims is to develop an initial unit in Ohio. Under the terms of the joint venture, TotalEnergies will market the production of biomethane and Ductor will market the production of sustainable biofertilisers.
Copyright (c) 2023 CercleFinance.com. All rights reserved.