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PARIS - Energy giant TotalEnergies (NYSE:TTE) and environmental services company Veolia have signed a memorandum of understanding to collaborate on energy transition and circular economy projects, the companies announced in a press release.
The partnership will focus on four key areas: reducing methane emissions from waste storage centers, decreasing industrial water usage, developing sustainable desalination solutions, and recovering strategic resources from waste.
Veolia will test TotalEnergies’ AUSEA drone technology to measure methane emissions at its landfills, supporting Veolia’s goal to capture 80% of methane emissions from waste storage centers by 2032.
In return, Veolia will assist TotalEnergies in implementing its strategy to reduce freshwater withdrawals by 20% by 2030 at sites in water-stressed areas. The companies will develop wastewater reuse projects and deploy water treatment technologies at TotalEnergies facilities.
The agreement also includes plans to accelerate low-carbon energy solutions at Veolia’s desalination plants. The companies previously collaborated on building what they describe as the largest solar power plant for a seawater desalination facility in Oman. This aligns with Veolia’s goal to double its desalination capacity by 2030 while reducing energy consumption.
Additionally, the companies will combine research capabilities to explore industrial processes for recovering strategic materials from waste, including rare earth elements found in permanent magnets used in wind turbines, solar panels, and batteries.
"By combining our expertise, whether in sustainable water management, the circular economy or the reduction of methane emissions, we are putting our innovation capabilities at the service of the ecological transformation," said Estelle Brachlianoff, Veolia’s Chief Executive Officer, according to the press release.
The partnership builds on the companies’ existing relationship, which recently included an agreement between Veolia and SATORP, a joint venture co-owned by Saudi Aramco and TotalEnergies, in Saudi Arabia.
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