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Belgium : new reserves certification for the Group

20 September 2021

+29% increase in 2P reserves

Pontpierre, France, September 20th, 2021 – La Française de l’Énergie (Euronext : LFDE – ISIN : FR0013030152), an energy producer with a negative carbon footprint, announces a 29% increase in certified 2P gas reserves on its concession of Anderlues, which now amount to 358 million m3.

This certification carried out by DMT, the European certification company for abandoned mine gas, which has been certifying the reserves of the Group for several years, confirms the excellent reservoir management performed by the geoscience and reservoir teams of La Française de l’Energie.

A 29% increase in 2P reserves despite a volume produced of 10 million m3 since May 2019

Originally certified at 277 million m3 in April 2019, the Belgian reserves of the Group have improved by 29% while 10 million m3 have already been recovered and produced through the 2 CHP units in Anderlues, commissioned in May 2019.

This certification supports the second phase of the development in Anderlues, with the forthcoming commissioning of 3 new CHP units on the existing site, in order to bring the total installed capacity onsite to 7.5 MW.

Following the recent acquisition of Greenhill, the Group is launching a first development of 6 CHP units as part of a new concession known as Sud de Charleroi, i.e. 9 MW which will be deployed during the first half of 2022, bringing the total installed capacity of the Group in Belgium to 16.5 MW.

La Française de l’Energie therefore confirms its objective of achieving annualized revenue of € 35 million and an EBITDA margin of over 45% by the end of 2022.

Next announcement:
Annual Results 2020/2021 October 21st, 2021

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climate change.
Your local resources, will.

Climate change is an undeniable reality. We can already see its serious consequences for our planet. It is now urgent to act.

At FDE, we refuse to participate in initiatives that generate pollution beyond our borders, even if they reduce the carbon footprint of our local territories. Whether it is a question of carbon footprint or pollution, there are no limits.

It is our duty to build sustainable energy solutions that move towards global carbon neutrality. Today, the most resilient and sustainable energy solution is even more self-evident: it is imperative that energy remains local, within short supply chains, as close as possible to the needs of local communities and consumers.

Considering these, at FDE, we are taking actions and offering tailor-made, local multi-energy solutions.

By making the most of local resources, our offer enables us to provide territories with energies with a triple benefit: reduced carbon footprint, economically competitive and contributing to the socio-economic development of the area. We choose abandoned sites, make the most of the potential of local suppliers and service providers, and participate in a local center of expertise that involves universities, local authorities and associations in the local energy project.

FDE lacks neither the resources nor the know-how to deploy tailor-made energy solutions for everyone and for the planet.

Our engineers embrace the energy transition with a pragmatic view.

Recovering abandoned mine gas avoids fatal gas emissions into the atmosphere, while local coal gas reduces the need to import much more carbon-intensive gases. Abundant solar energy is both local and renewable.

To support the energy transition, at FDE, we are constantly innovating, looking for new solutions for the future, such as hydrogen, a decarbonized energy, or CO2 sequestration in coal.

In addition, all energy produced by our Group is designed to be more virtuous. All these processes therefore make FDE the only French energy producer with a negative carbon footprint.

HSE POLICY

In accordance with its values and code of ethics, and with the aim of pursuing the objective of:

  • Guarantee the integrity of our assets,
  • Ensure a safe and healthy working environment for its employees and subcontractors,
  • Guarantee the health and safety of all personnel working on and off-site,
  • Limit environmental impact.

 

FDE wishes to promote the following HSE principles:

Identify, prevent and control impacts and risks to health, safety, security and the environment,

Develop the company's activities in a sustainable and eco-responsible manner,

Improve the working environment for its employees and subcontractors.

Consequently, FDE undertakes to:

Ensure the rigorous application of regulatory procedures in force with respect to safety, health, environment and the preservation of public security,

Impose operational management with advanced criteria for environmental protection, pollution prevention and energy optimization, as part of the ecological transition,

Systematically verify compliance with HSE principles through audits and practical exercises, with the aim of continuously improving the system and its performance,

Define indices and performance indicators for monitoring HSE activities and promote benchmarking to identify areas for improvement,

Encourage employee participation and involvement in health, safety and environmental protection processes through training and creation of tools for sharing experience and knowledge.

This culture of risk prevention and control applies to all employees, partners and suppliers. It involves setting concrete objectives and deploying action plans as part of a continuous improvement process to better anticipate tomorrow's challenges. This policy is reviewed annually, as are the associated indicators and targets.

Antoine FORCINAL
Directeur Général,