FDE: Granting of the Bleue Lorraine Production Lease
23 November 2023 - 1:57AM
Business Wire
Regulatory News:
FDE (Euronext: FDE - ISIN: FR0013030152), a carbon negative
energy producer, has obtained by decree dated November 20th, 2023,
the “Bleue Lorraine” production lease with a total surface of 191
km2, valid until January 1st 2024, paving the way for the
development of FDE’s certified gas resources in Lorraine.
Go ahead for the development of low carbon energy in
Lorraine
This grant marks a key step toward monetizing the reserves and
resources certified by the Group on this strategic asset located at
the heart of Europe.
These energy resources will be developed in a decentralized
manner, as close as possible to the end consumer. Given the
proximity of consumers and future hydrogen infrastructure, the
significant work undertaken over the years by FDE on the CO2
capture via its subsidiary Cryo Pur, and the use of gas resources
to produce carbon-free hydrogen, notably as part of the Walloon
Recovery Plan with the HECO2 project for the production of hydrogen
by plasmalysis, will allow an even more relevant monetisation of
these gas reserves and resources attached to the production lease.
The net asset value of this asset is currently estimated at
€ 318 M, based on reserves certified in 2018 by MHA (Sproule
Group) and adjusted energy prices.
Julien Moulin, president of FDE, declares: “For more than a
decade, FDE has been supporting the project promoting local gas, as
an ecologically and economically competitive resource. I am looking
forward to contributing further to our positive impact on the
carbon footprint of the region, by reducing imported energy,
contributing to energy security and decarbonizing the industry
while stimulating a faster development of hydrogen ecosystems in
the Greater Region going from Wallonia to Saarland via Luxembourg
and the Grand-Est Region. The updated development plan will
therefore be presented at the beginning of 2024 in order to
integrate all stakeholders in this development. »
Continuing work related to the discovery of natural
hydrogen
In parallel, the Group is pursuing its work while awaiting the
granting of the “Des Trois Evêchés” permit, which application was
made in March 2023, in order to validate and accelerate the
development of the native hydrogen potential, a very ecologically
and economically competitive resource, particularly compared to
other forms of carbon-free hydrogen
FDE confirms its FY 2026 objectives of
annual revenues of more than €100 million, and an EBITDA above €50
million, combined with over 10 million tons of CO2eq emissions
avoided per annum
Next announcements: General Assembly
Meeting FY2023: November 30th, 2023
Reuters code: FDEL.PA | Bloomberg code:
FDE.FP
About La Française de l’Énergie (« FDE »)
FDE is a negative carbon footprint energy Group, specialized in
the implementation via short circuits, of energy recovery and
production sites, allowing the reduction of greenhouse gas
emissions. FDE notably supplies regional players with gas,
electricity, heat and CO2, thus replacing imported energy with
local, cleaner energy. FDE has strong development potential and
aims to become a leading independent player in the energy sector in
Europe by Bpifrance.
More information available on
http://www.francaisedelenergie.fr
Disclaimer
This press release contains certain forward - looking statements
and estimates concerning LFDE’s financial condition, operating
results, strategy, projects and future performance and the markets
in which it operates. Such forward-looking statements and estimates
may be identified by words such as “anticipate,” “believe,” “can,”
“could,” “estimate,” “expect,” “intend,” “is designed to,” “may,”
“might,” “plan,” “potential,” “predict,” “objective,” “should,” or
the negative of these and similar expressions. They incorporate all
topics that are not historical facts. Forward looking statements,
forecasts and estimates are based on management’s current
assumptions and assessment of risks, uncertainties and other
factors, known and unknown, which were deemed to be reasonable at
the time they were made but which may turn out to be incorrect.
Events and outcomes are difficult to predict and depend on factors
beyond the company’s control. Consequently, the actual results,
financial condition, performances and/or achievements of LFDE or of
the industry may turn out to differ materially from the future
results, performances or achievements expressed or implied by these
statements, forecasts and estimates. Owing to these uncertainties,
no representation is made as to the correctness or fairness of
these forward-looking statements, forecasts and estimates.
Furthermore, forward-looking statements, forecasts and estimates
speak only as of the date on which they are made, and LFDE
undertakes no obligation to update or revise any of them, whether
as a result of new information, future events or otherwise, except
as required by law.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20231122406031/en/
Press contact@francaisedelenergie.fr + 33 3 87 04 34 51
Investor Relations ir@françaisedelenergie.fr +33 3 87 04 34
51
First Trust AlphaDEX ETF (TSX:FDE)
Historical Stock Chart
Von Mär 2024 bis Apr 2024
First Trust AlphaDEX ETF (TSX:FDE)
Historical Stock Chart
Von Apr 2023 bis Apr 2024