Total Acquires Fonroche Biogaz
January 11 2021 - 1:54AM
Dow Jones News
By Giulia Petroni
Total SE said Monday that it has acquired French company
Fonroche Biogaz for un undisclosed sum, marking a step in the
development of its renewable gas market.
Fonroche Biogaz designs, builds and operates anaerobic-digestion
units in France. Tne company has industrial and technological
expertise across the whole renewable gas value chain and an
installed capacity of close to 500 gigawatt hours, Total said.
"With this acquisition, Total becomes a major player in
renewable gas in France and Europe, and significantly strengthens
its presence in the sector," the French oil-and-gas major said.
Write to Giulia Petroni at giulia.petroni@wsj.com
(END) Dow Jones Newswires
January 11, 2021 02:39 ET (07:39 GMT)
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