China Petroleum & Chemical Corporation (Sinopec) has entered into a significant heads of agreement (HoA) with TotalEnergies in Beijing. This collaboration will see the two companies establish a joint venture aimed at producing sustainable aviation fuel (SAF) from waste oils at one of Sinopec’s refineries. The partnership’s goal is to attain an annual production capacity of 230,000 tons, with the new production line being jointly managed 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 as well: “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.”
For years, Sinopec has been dedicated to advancing China’s bio-jet fuel industry development. Bio-jet fuel is categorized under SAFs produced from renewable resources offering up to over 50% reduction in CO2 emissions throughout its lifecycle compared with conventional petroleum-based jet fuels.
