TotalEnergies Plans Fresh $400m Investment In LPG

Please share

Mohammed Shosanya

TotalEnergies has announced its ambition of giving 100 million people in Africa and India access to clean cooking by 2030.

Announcing this at the Clean Cooking Summit organized by the International Energy Agency (IEA), TotalEnergies also said it will invest more than $400 million in the development of liquefied petroleum gas (LPG) for cooking.

In order to make clean cooking affordable for as many people as possible, the Company will develop the use of digital pay-as-you-cook technologies that allow customers to pay only as they use the LPG cylinder, rather than having to pay the full value of the cylinder volume up front.

According to the IEA1, more than 2.3 billion people worldwide do not have access to clean cooking solutions and still cook their meals on traditional stoves using wood and charcoal. As the IEA points, access to cleaner cooking fuels.

“We praise this initiative by the IEA, which TotalEnergies embraces to promote access to reliable, affordable and sustainable cooking solutions for as many people as possible, in line with the Company’s purpose” said Patrick Pouyanné, Chairman and CEO of TotalEnergies.

“By developing access to clean cooking in Africa and India, TotalEnergies aims to have a positive impact on the environment and on people’s health, while also helping to reduce gender inequalities in these regions. Clean cooking contributes to long-term social, economic and human development in a more sustainable way.”

The company is already a major player in the distribution of LPG in cylinders, with more than 50 million people in Africa and Asia benefiting already from a reliable and cleaner energy.

232070cookie-checkTotalEnergies Plans Fresh $400m Investment In LPG

Please share

Related Post

Leave a Reply

Your email address will not be published. Required fields are marked *