Corporate News

Total to create Gas, Renewables and Power business unit

Total to create Gas, Renewables and Power business unit
Photo courtesy of Total.

Total SA, the French oil and gas giant, will create a Gas, Renewables and Power business unit as it seeks to push further into cleaner fuels and power, Reuters reported.

Company executives will meet with workers’ representatives in a works council meeting on April 19 to present the plan dubbed “One Total,” the CDFT trade union said.

Renewables represent only 3% of Total’s current business portfolio. The French financial daily Les Echos reported earlier that Total Chairman and CEO Patrick Pouyanne would like to grow the company’s renewables business to 20% by 2035.

Gas, Renewables and Power will be Total’s fourth business unit. Currently, there are three: Exploration and Production, Marketing and Services, and Refinery and Chemicals.

Demo 870×90

You may also like