TotalEnergies SE and Veolia Environnement signed a new memorandum of understanding to expand their partnership in advancing the energy transition and circular economy. The agreement involves combining their industrial expertise, with TotalEnergies focusing on reducing methane emissions and providing low-carbon energy solutions, while Veolia will contribute with water resource management and waste recovery capabilities.

The collaboration aligns with the companies’ commitments to reduce greenhouse gas emissions and accelerate innovation. Veolia is exploring the use of TotalEnergies’ AUSEA drone-based methane detection technology to enhance emission monitoring at its landfills, supporting its goal of capturing 80% of landfill methane by 2032.

Additionally, Veolia will assist TotalEnergies in reducing freshwater use by 20% in water-stressed areas by 2030 and improving effluent quality. The companies also plan to collaborate on wastewater reuse projects, repurpose municipal wastewater for industrial use, and apply Veolia’s treatment technologies to enhance water efficiency.

Investors can access TotalEnergies stock through First Trust Exchange-Traded Fund IV FT Energy Income Partners Strategy ETF and the 2023 ETF Series Trust II GMO International Value ETF. As of Monday morning, TTE shares were down 0.12% at $59.63 premarket.

Read more at Yahoo Finance: TotalEnergies, Veolia Partner To Drive Low-Carbon Future