AIQUF - Total Exxon team up to study carbon capture project in France

Coatesy/iStock via Getty Images TotalEnergies ([[TTE]] +0.4%) and Exxon Mobil ([[XOM]] -0.4%) are among the companies that have signed up to study a potential carbon capture and storage project in France. The group, which also includes Air Liquide (AIQUF), Borealis (BOREF) and Yara (YARIY), signed a memorandum of understanding to explore the development of CO2 infrastructureto help decarbonize the industrial basin located in France's Normandy region. The group says its objective will be to cut CO2 emissions by up to 3M tons/year by 2030, or equivalent to the emissions of more than 1M passenger cars, with the first phase consisting of studying the project's technical and economical feasibility. Separately, TotalEnergies says it is deepening its strategic partnership with Hyzon Motors, with the aim of making it easier for fleet owners to transition to renewable hydrogen fuel by combining their existing infrastructure and technology. The companies say they will collaborate to

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Total, Exxon team up to study carbon capture project in France