Rebalancing the energy mix to reduce the

company’s carbon footprint

TIMAC AGRO has identif ied decarbonising of its TIMAC AGRO has identif ied decarbonising of its

processes as a strategic priority. The target it has set processes as a strategic priority. The target it has set

itself will contribute to achieving the overall Group itself will contribute to achieving the overall Group

ambition by reducing its own Scope 1 and 2 CO ambition by reducing its own Scope 1 and 2 CO

2 2

emissions by 15% between now and 2030. One of emissions by 15% between now and 2030. One of

the solutions that will contribute to hitting that target the solutions that will contribute to hitting that target

is to power its production sites using energy from is to power its production sites using energy from

renewable sources. For example, its progressive renewable sources. For example, its progressive

replacement of gas burners with biomass boilers has replacement of gas burners with biomass boilers has

already reduced CO already reduced CO

2 2

emissions by 500,000 tonnes in emissions by 500,000 tonnes in

ten years. Today, biomass accounts for 40% of TIMAC ten years. Today, biomass accounts for 40% of TIMAC

AGRO’s heat energy mix. Elsewhere, more than 5,800 AGRO’s heat energy mix. Elsewhere, more than 5,800

m² of solar photovoltaic panels are now installed and m² of solar photovoltaic panels are now installed and

generating low-carbon electricity in Belgium and generating low-carbon electricity in Belgium and

Ireland. Commissioned in March 2025, the latest project Ireland. Commissioned in March 2025, the latest project

is a new solar farm at our Juanico site in Uruguay. is a new solar farm at our Juanico site in Uruguay.

TIMAC AGRO France steps up decarbonisation

of its production facilities

In December 2024, TIMAC AGRO France commissioned In December 2024, TIMAC AGRO France commissioned

the third 4 MW biomass boiler at its Saint-Malo Industrial the third 4 MW biomass boiler at its Saint-Malo Industrial

Park site. This €3.4 million project attracted funding from Park site. This €3.4 million project attracted funding from

ADEME (the French Agency for Ecological Transition) and ADEME (the French Agency for Ecological Transition) and

marks a key stage in the move away from natural gas as marks a key stage in the move away from natural gas as

part of an ongoing process that combines performance part of an ongoing process that combines performance

with sustainability and local identity. The new boiler meets with sustainability and local identity. The new boiler meets

approximately 80% of on-site heat demand. approximately 80% of on-site heat demand.

With an annual renewable energy production capacity With an annual renewable energy production capacity

approaching 10,000 MWh, this initiative will reduce approaching 10,000 MWh, this initiative will reduce

CO CO

2 2

emissions by more than 2,000 tonnes per year. The emissions by more than 2,000 tonnes per year. The

biomass fuel is sourced locally within a 150 km radius biomass fuel is sourced locally within a 150 km radius

of Saint-Malo from suppliers of FSC- and PEFC-certif ied of Saint-Malo from suppliers of FSC- and PEFC-certif ied

timber. Both standards guarantee the use of sustainable timber. Both standards guarantee the use of sustainable

and respectful forestry management practices. and respectful forestry management practices.

LEVER 1 – EVOLVING THE HEAT ENERGY MIX – BUSINESS CASES

Non-Financial Performance Statement 2024 25