We reported in April that Total is betting on the future of renewables by developing a Gas, Renewables & Power segment as part of its current restructuring process that will be implemented by Sept. 1. With an eye on becoming the leading global player in biofuels, the company plans to invest $500 million annually in renewables in order for the segment to represent up to 20% of its business by 2035 from the current 3%. Renewable power sources will also be part of its new strategy.
To update us on the strategy and milestones Total USA VP Biotech R&D Vineet Rajgarhia gave this illuminating overview at ABLC Next 2016 in San Francisco.
