TotalEnergies targets 40 percent renewables by 2050

 Oil multinational, TotalEnergies has said that the company was moving away from predominant oil production, as it target to produce 50percent gas, 15 percent renewables and only 35percent oil by the year 2030.

The Managing Director and Chief Executive Officer of TotalEnergies, Mike Sangster, explained that by year 2050, the company’s energy production and sales mix will evolved to 40 percent renewables while oil wiĺ not be more than 20 percent.

Sangster spoke in Port Harcourt recently, during the 250MT Amenam Extension Module II, AMD2 Sail-away ceremony of the Ikike development project, at the fabrication yard of Sudelettra Nigeria Limited in Port Harcourt, Rivers State.

The TotalEnergies’ boss, who was represented by the Executive Director, PortHarcourt District, Obi Imemba, said the company was committed to aligning with Nigeria’s aspirations for maximising existing energies and also evolving in the coming years.

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Source: Sweetcrudereports

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