TotalEnergies to acquire Talos Low Carbon Solutions for $125m.

TotalEnergies, a global multi-energy company, agreed to acquire Talos Low Carbon Solutions, an early-mover American company focused on carbon capture and storage, for $125m. "TotalEnergies is pleased to enter the Bayou Bend project through the acquisition of Talos Low Carbon Solutions. Ideally located close to our Port Arthur refinery and our petrochemicals assets in La Porte, this project will be instrumental for the reduction of direct emissions from our US operations. This transaction gives momentum to the decarbonization of hard-to-abate US emissions and marks a milestone on our journey to get to Net Zero by 2050, together with society,” Patrick Pouyanné, TotalEnergies Chairman and CEO.