The French mineral oil producer TotalEnergies intends to sell the Canadian firm Couche-Tard its service station network in the Netherlands and Germany.
The corporation aims to concentrate on creating other kinds of transportation, such as hydrogen and electric charging stations, so the decision is apparently made in response to the scheduled phase-out of internal combustion engines in Europe.
There are 392 filling stations in the Netherlands compared to 1,198 in Germany’s service station network. Because TotalEnergies does not hold a dominant market share in any nation, consulting a convenience store expert is crucial. In addition, the business announced that it would form a joint venture with Couche-Tard to operate its 619 filling stations across Belgium and Luxembourg.
The AS24 network of truck service stations, hydrogen distribution, wholesale fuels, and charging stations outside of service stations will all continue to be provided by TotalEnergies.
The decision was made by TotalEnergies over its fueling station networks in Europe, which have been incurring income losses due to decreased fuel sales, as a result of the EU’s aim to phase out internal combustion engines by 2035. According to the firm, charging for electric vehicles is more likely to occur at home or at the office than at gas stations.
With 150,000 charging points anticipated by 2025, TotalEnergies intends to quicken the growth of charging stations on main thoroughfares and in significant European towns. Additionally, the business has set up a German subsidiary for its own charging infrastructure, and in collaboration with Air Liquide, it is developing a hydrogen truck network across Europe. For at least five years, the service stations will still use the TotalEnergies brand name.