Registration document 2007 - Total.com
Registration document 2007 - Total.com
Registration document 2007 - Total.com
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
capacity oil recycling plant in France. Commissioning of the plant<br />
is scheduled for 2008. In 2005, TOTAL and the Romanian<br />
<strong>com</strong>pany Lubrifin signed a joint-venture agreement (TOTAL 51%)<br />
to produce and market lubricants and greases intended for the<br />
automotive and industrial markets.<br />
TOTAL continued to develop its liquefied petroleum gas (LPG)<br />
distribution activities on a worldwide scale, and is the fourth<br />
largest international distributor (1) .<br />
Bio-fuels and hydrogen<br />
The Group plays an active part in the promotion of renewable<br />
energies and alternative fuels.<br />
In 2006, TOTAL consolidated its position as an important oil and<br />
gas <strong>com</strong>pany active in biofuels in Europe by producing and<br />
incorporating 500 kt tons of ETBE (2) in seven refineries (3)<br />
(<strong>com</strong>pared to 360 kt in 2005 and 310 kt in 2004) and<br />
incorporating 420 kt of VOME (4) in diesel fuels at nine European<br />
refineries and several storage sites (<strong>com</strong>pared to 310 kt in 2005<br />
and 210 kt in 2004). In 2005, TOTAL signed a VOME supply<br />
contract with Sofiprotéol and Diester Industry for periodically<br />
increasing quantities reaching 600 kt/y.<br />
In November 2006, TOTAL and several other parties (car<br />
manufacturers, oil <strong>com</strong>panies, agricultural representatives,<br />
ethanol producers) signed the Superethanol E85 Development<br />
Charter, a charter to develop superethanol in France (fuel with up<br />
to 85% of ethanol from agricultural production, also called<br />
“flexfuel”). As part of this charter, TOTAL undertook to equip 200<br />
to 275 retail stations to distribute flexfuel by the end of <strong>2007</strong>. The<br />
rate at which Superethanol is adopted by the market will depend<br />
both on the creation of appropriate tax incentives and the<br />
marketing of suitable vehicles.<br />
In 2006, TOTAL continued its research and testing programs for<br />
fuel cell and hydrogen fuels technologies. To this purpose, TOTAL<br />
entered into cooperation agreements for automotive applications<br />
(with BMW in March 2006, Renault in 2003 and Delphi in 2001)<br />
and for stationary applications (with Electrabel and Idatech in<br />
2004). Under its partnership with BVG, the largest public<br />
transport <strong>com</strong>pany in Germany and the bus operator in Berlin,<br />
TOTAL created a Center of Excellence for Hydrogen in Berlin.<br />
The first consumer hydrogen fueling station opened in Berlin in<br />
March 2006. As part of the partnership with BMW, a second<br />
hydrogen fueling station opened in December 2006 near the car<br />
manufacturer’s Innovation and Research Center. The construction<br />
of a third hydrogen fueling station in Europe is under study.<br />
TOTAL is also an active participant in the hydrogen technology<br />
platform program launched by the European Commission at the<br />
end of 2003, intended to promote the development of this<br />
technology in Europe.<br />
(1) Company sources, on the basis of volumes sold.<br />
(2) ETBE: Ethyl-Tertio-Butyl-Ether.<br />
(3) Including Algeciras and Huelva refineries (CEPSA).<br />
(4) VOME: Vegetable-Oil-Methyl-Esther.<br />
Business overview<br />
Refining & Marketing - Downstream<br />
2<br />
TOTAL – <strong>Registration</strong> Document 2006 47