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Geographical extension of the Désiree concession in Hauts-de-France

5 January 2021

Forbach, France, January 5, 2021 – La Française de l’Energie (Euronext: LFDE – ISIN: FR0013030152), leader in industrial ecology, has just obtained from the French State the extension of its Désirée concession on the eastern part of the mining basin of Hauts de France.

A concession area multiplied by 4

By decree dated December 24, 2020, the perimeter of the concession, owned by Gazonor, a wholly owned subsidiary of La Francaise de l’Energie, was extended over an additional area of 198.87 square kilometers to reach 266.88 kilometers square kms. The extension of the concession is granted for the duration of its validity, i.e. until 23 December 2042.

La Francaise de l’Energie therefore now holds all the exclusive rights for the development of abandoned mine methane in the Hauts de France region

Significant potential for additional gas reserves

This area contains large volumes of gas present in the former mining galleries as confirmed during the test campaigns previously carried out on this so-called Valenciennois perimeter.
LFDE will therefore focus on certifying these gas volumes with the next certification of reserves expected for the first half of 2021, while preparing the set up for future production sites to monetizer this energy in the form of gas, green electricity and heat.

This “local production for local consumption” model, already successfully established by LFDE since 2017 on several sites in France and Wallonia, is a very competitive ecological and economic solution.

Julien Moulin, Chairman of La Française de l’Energie, said: “We are delighted with the confidence the French State has placed once again in our group with the granting of the extension of the Desirée concession. The establishment of local loop for recovering and monetizing the abandoned mine methane to prevent this fatal gas going to the atmosphere is our speciality. And this efficient solution is at the heart of efforts to reduce the region’s carbon footprint. The results of the initial tests and surveys carried out since 2017 in the area awarded as part of the extension of the concession are particularly satisfactory and allow us to anticipate major developments in this part of the Hauts-de-France region “.

La Française de l’Energie continues to assert its unique positioning in the ecological transition with the launch of new green energy production sites in the former mining basins of France and Wallonia in 2021.

Next announcement:
January 26th, 2021 – First Quarter 2021 Sales

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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,