China Petroleum & Chemical Corporation has inked a 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.
Ma Yongsheng, Sinopec’s Chairman, said: “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 player in the global refining industry – to manufacture SAF in China and establish a sustainable aviation fuel value chain. “This project is central to TotalEnergies’ transformation strategy aimed at supporting the aviation sector’s carbon footprint reduction efforts.
“The company has set an ambitious target to produce 1.5 million tons of SAF annually by 2030.”