BEIJING, April 2, 2024 /PRNewswire/ -- China Petroleum & Chemical Corporation (HKG:0386, "Sinopec") has inked a landmark heads of agreement (HoA) with TotalEnergies in Beijing, embarking on a joint venture to produce sustainable aviation fuel (SAF) from waste oils at one of Sinopec's refineries. The partnership aims to achieve an annual production capacity of 230,000 tons, with the new production line co-operated by both entities.
Sinopec's Chairman, Ma Yongsheng, commended the joint effort as a crucial step forward, noting, "With the integration of Sinopec's specialized bio-jet fuel technology (SRJET) and our dedication to improving our assets' quality and efficiency, along with TotalEnergies' leading role in Europe's SAF production, we are well-equipped to supply superior green and low-carbon solutions around the globe."
Patrick Pouyanné, Chairman and CEO of TotalEnergies expressed enthusiasm about partnering with Sinopec - a major ...