China: TotalEnergies and SINOPEC Join Forces to Produce Sustainable Jet Fuel at a SINOPEC's Refinery
March 26 2024 - 3:15AM
Business Wire
Regulatory News:
TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) and China
Petroleum and Chemical Corporation (“SINOPEC”) have signed a Heads
of Agreement (HoA) to jointly develop a Sustainable Aviation Fuel
(SAF) production unit at a SINOPEC's refinery in China.
The planned unit, jointly owned by SINOPEC and TotalEnergies,
will have the capacity to produce 230,000 tons of SAF per year, and
will process local waste or residues from the circular economy
(cooking oils and animal fats).
SINOPEC has developed its own SAF production technology, called
SRJET. TotalEnergies, already one of Europe's leading SAF
producers, will bring its experience and expertise in the
technical, operational and distribution fields.
Yongsheng Ma, SINOPEC Group Chairman, said: “This
milestone collaboration with TotalEnergies is in line with our
strategy in the development of low carbon solutions for China and
the world. SINOPEC is committed to providing green and low-carbon
energy solutions while improving quality and efficiency of its
asset portfolio.”
Patrick Pouyanné, Chairman and Chief Executive Officer of
TotalEnergies, stated: “We are very pleased to collaborate with
SINOPEC, a major player in the global refining industry, to produce
sustainable aviation fuels and structure a SAF production chain in
China. The development of sustainable aviation fuels is at the
heart of our company's transition strategy, as we strive to meet
the aviation industry's demand to reduce its carbon footprint.
TotalEnergies has set itself a target of 1.5 million tons of annual
SAF production by 2030.”
TotalEnergies and Sustainable Aviation Fuels
TotalEnergies is developing Sustainable Aviation Fuels (SAF).
These are biofuels produced from waste and residues from the
circular economy (animal fats, used cooking oils, etc.) and
"e-jets", synthetic fuels for aviation. These sustainable aviation
fuels will significantly reduce CO2 emissions from air
transport.
About TotalEnergies
TotalEnergies is a global multi-energy company that produces and
markets energies: oil and biofuels, natural gas and green gases,
renewables and electricity. Our more than 100,000 employees are
committed to energy that is ever more affordable, more sustainable,
more reliable and accessible to as many people as possible. Active
in nearly 130 countries, TotalEnergies puts sustainable development
in all its dimensions at the heart of its projects and operations
to contribute to the well-being of people.
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Commission (SEC).
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