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FDE avoids 808,000 tons of CO2eq per year in Belgium

29 March 2022

Pontpierre, France, March 29th, 2022 – FDE (Euronext : FDE – ISIN : FR0013030152), a carbon negative energy producer, is proud to announce the results of the impact study carried out by The Faculty of Engineering of UMons (UMONS, Belgium), which measured the greenhouse gas emissions avoided thanks to the capture and recovery of abandoned mine gas (AMM) on the Anderlues concession, in Wallonia.

The AMM accumulates in the former mines and moves to the surface via the old shafts, before escaping into the atmosphere if not captured. AMM is mainly composed of methane, a gas with a Global Warming Potential (GWP) 82.5 times greater than CO2 over 20 years, according to the latest IPCC assessment report (AR6) published in 2021. The recent UMONS study quantified the methane emissions avoided thanks to the activities of Gazonor Benelux, a 100% subsidiary of FDE, on the Anderlues site.

The CO2 emissions of a city of 100,000 people

On the 5 existing cogeneration units installed on the Anderlues site, with a total installed capacity of 7.5MW, The capture of AMM and its use as electricity and, possibly heat in the future, avoids the emission of 808,000 tons of CO2eq per year. It equals to the CO2 emissions of a city of 100,000 people, equivalent to 2.7% of the population of the Wallonia Region[1].

The results of the UMONS study prove, once again, the positive impact of the decentralized energy circuits developed by FDE. Using the updated IPCC benchmark (AR6) over 20 years for the current FDE portfolio in France[2], the Group’s AMM activity avoids more than 3 million tons of CO2eq per year[3], confirming the leading role of FDE in the European ecological transition.

The Group intends to continue its efforts in strengthening energy resilience and fully contributing to Europe’s ecological transition.

FDE confirms its objective of achieving annualized revenue of € 35 million and an EBITDA margin of over 45% by the end of 2022.

Next announcement :
Q3 2022 sales – April 26th 2022

[1] Source: World Bank 2018
[2] Source: FDE, based on the 2019 INERIS certification, updated with a GWP of 82,5 and including the Béthune site
[3] Figures not yet certified

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Promises won't impact
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,