Lowering the Breakeven Point of Refining & Petrochemicals Assets in a Cyclical Industry
TotalEnergies’ downstream business has been a steady contributor to the Company’s results, while transitioning and adapting its activities to focus on high value-added markets.
In Refining & Chemicals, TotalEnergies is continuing to develop its biofuels business. It is capitalizing on its existing assets by implementing SAF production by co-processing raw materials from waste and residues , excluding first generation1G biomass in jet units in operation or by converting existing refineries into biorefineries (La Mède since 2019 and Grandpuits from 2026).
Refining & Chemicals in China
TotalEnergies is a high-performing global leader in Petrochemicals, integrating growth and energy transition. We are constantly seeking to cater to China’s changing consumer market by providing high value-added polymers that boost performance and give our customers competitive advantages.
- In 2024, the Company signed an agreement with SINOPEC, to jointly develop a SAF production unit in China.
- We tackle the needs of the rubber, adhesive, and sealants markets with functional additives via the manufacturing and supply capability of our affiliate Cray Valley.
- TotalEnergies Corbion manufactures and markets PLA polymers, a biobased and biodegradable polymer with lower carbon footprint compared to its traditional counterparts.
- With our specialty chemical subsidiary Hutchinson, TotalEnergies stands as a global leader in vibration control, fluid management, sealing system technologies, and belt drive systems. We offer smart solutions to service a variety of markets, covering automotive and trucks, aerospace, defense, energy, rail and industry.