TotalEnergies and China Petroleum and Chemical Corporation (SINOPEC) have signed an agreement which focuses on advancing their partnership, particularly in low-carbon energies.
According to TotalEnergies, the strategic cooperation agreement on low-carbon energies aims to expand their collaboration by combining expertise in research and development, focusing on biofuels, green hydrogen, carbon capture, utilization, and storage (CCUS), and decarbonization efforts.
This strategic cooperation agreement reflects our shared will to combine our multi-energies expertise to address today’s growing global demand, while simultaneously building the decarbonized energy system of tomorrow
… said Patrick Pouyanné, Chairman and CEO of TotalEnergies
TotalEnergies and SINOPEC have been working together for many years, notably in Angola and Brazil in Upstream operations, and more generally in various domains such as oil, LNG, oil product trading, and engineering. Recently, the companies have joined forces to develop a 230,000 tons per year sustainable aviation fuel (SAF) production unit at a SINOPEC refinery in China.
With this agreement, both companies intend to strengthen the partnership by exploring more opportunities in the fields of sustainable aviation fuel, green hydrogen, CCUS, etc., to fulfil our commitment to low-carbon, green and sustainable growth of the industry
…. commented Dr. Ma Yongsheng, Chairman of SINOPEC
