TotalEnergies and TES to build a e-NG production unit in U.S.

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• TotalEnergies (NYSE:TTE) and Tree Energy Solutions will study and develop a large-scale production unit in the US for e-natural gas, a synthetic gas produced from renewable hydrogen and CO₂.
• The project is expected to produce 100K-200K metric tons of e-NG per year, will be equally owned by the partners and operated by TotalEnergies.
• TotalEnergies and TES will carry out the preliminary studies and aim to reach a Final Investment Decision in 2024 and is expected to benefit from tax credits under the 2022 Inflation Reduction Act.