Carbon goals bring new boon to energy firms

TotalEnergies China to enhance ties with local partners, expand biz fields

China's carbon neutrality plan is significant for building a green future, and will lay a solid foundation for the success of multinational energy companies in the country, a top executive said.

"As China intensifies its exploration in energy transition, our cooperation with Chinese partners continues to deepen, expanding from the local market to the global market and extending from traditional industries to cover new energy fields," said TotalEnergies China Country Chair Yu Yongjian.

Amid China's efforts to transition toward cleaner energy sources, the company has been exploring and promoting cooperation with the country in various clean energy businesses and technologies, which include green electricity, biofuel hydrogen energy, and carbon capture, utilization and storage (CCUS).It also eyes further expansion locally.