TotalEnergies announces that it has signed an agreement to acquire 100% of Talos Low Carbon Solutions (TLCS), a pioneering U.S.-based carbon capture and storage company.

Upon completion of the transaction, TotalEnergies will own 25% of the Bayou Bend project, alongside Chevron (50%, operator) and Equinor (25%).

The Bayou Bend project is a major CO2 storage project located in Texas, close to the Company's assets in the region.

TotalEnergies will also hold a 65% operated interest in the Harvest Bend project in Louisiana and a 50% interest in the Coastal Bend project in Texas.

As these two projects are further away from its existing assets, TotalEnergies will initiate the sale of the interests in these projects after closing.



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