TotalEnergies, Sinopec to Develop a Sustainable Aviation Fuels Production Unit in China
03.26.2024 By Tank Terminals - NEWS

March 26, 2024 [Market Screener]- TotalEnergies has signed a heads of agreement with China Petroleum & Chemical Corp., or Sinopec, to develop a production unit for sustainable aviation fuels in China.

 

The unit, to be jointly owned by both companies, will have the capacity to produce 230,000 tons of SAF a year and will process local waste or residues from the circular economy, the French oil and gas company said Tuesday.

Sinopec, a Hong Kong-listed company, has developed its own SAF production technology, while TotalEnergies will provide technical, operational, and distribution capabilities, the French company said.

“The development of sustainable aviation fuels is at the heart of our company’s transition strategy, as we strive to meet the aviation industry’s demand to reduce its carbon footprint,” Chairman and Chief Executive Officer of TotalEnergies Patrick Pouyanne said.

TotalEnergies has set a target of 1.5 million tons of annual SAF production by 2030.

 

Free Trial: Access 13,300 Tank Terminal and Production Facilities

13,300 tank storage and production facilities as per the date of this article. Click on the button and register to get instant access to actionable tank storage industry data

China's Natural Gas Production Surged in First Half of 2024
07.15.2024 - NEWS
July 15, 2024 [Oilprice]- China’s natural gas production increased by 6% in the first half of t... Read More
Fore Part of Hull Launches in China for ‘World’s Largest FPSO Unit’
07.15.2024 - NEWS
July 15, 2024 [Offshore Energy]- Chinese state-owned engineering company ZPMC has launched the fo... Read More
Stolthaven Terminals and GES to Operate Brazil’s First Green Ammonia Export Terminal
07.15.2024 - NEWS
July 15, 2024 [Storage Terminals Magazine]- Stolthaven Terminals, in collaboration with Global En... Read More
ADCC Pipeline Starts Delivering Gas to Cheniere’s Corpus Christi LNG Plant
07.15.2024 - NEWS
July 15, 2024 [LNG Prime]- The ADCC pipeline has started delivering natural gas to Cheniere’s C... Read More