TotalEnergies and Sinopec Strengthen Cooperation – Biofuels and Inexperienced Hydrogen.
On the event of the state go to to France by the President of the Individuals’s Republic of China, TotalEnergies, represented by Patrick Pouyanné, Chairman and CEO, and China Petroleum and Chemical Company (“SINOPEC”), represented by Ma Yongsheng, Chairman, signed a strategic cooperation settlement to deepen their collaboration, notably in low-carbon energies.
TotalEnergies and SINOPEC have been working collectively for a few years, notably in Angola and Brazil in Upstream operations, and extra usually in numerous domains equivalent to oil, LNG, oil product buying and selling, and engineering. Lately, the businesses have joined forces to develop a 230,000 tons per 12 months sustainable aviation gasoline (SAF) manufacturing unit at a SINOPEC refinery in China.
This strategic cooperation settlement goals to additional develop the partnership between TotalEnergies and SINOPEC and seize new alternatives by leveraging their respective experience. Particularly, the 2 corporations plan to mix their R&D experience in biofuels, inexperienced hydrogen, CCUS and decarbonization.
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Patrick Pouyanné, Chairman and CEO of TotalEnergies, mentioned:
We’re happy to strengthen our partnership with SINOPEC, a significant Chinese language power participant which is already our companion in a number of nations.
“This strategic cooperation settlement displays our shared will to mix our multi-energies experience to handle at present’s rising international demand, whereas concurrently constructing the decarbonized power system of tomorrow,”
Dr. Ma Yongsheng, Chairman of SINOPEC, mentioned:
SINOPEC and TotalEnergies have established a powerful partnership.
“Signing this strategic cooperation framework settlement on TotalEnergies’ one centesimal anniversary marks one other milestone. Through the years, the 2 corporations have carried out intensive cooperation in exploration and manufacturing, LNG, biofuels, and buying and selling. With this settlement, each corporations intend to strengthen the partnership by exploring extra alternatives within the fields of sustainable aviation gasoline, inexperienced hydrogen, CCUS, and so forth., to fulfil our dedication to low-carbon, inexperienced and sustainable progress of the business,”
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TotalEnergies and Sinopec Strengthen Cooperation – Biofuels and Inexperienced Hydrogen. supply
