From Frying Pan To Jet Fuel: Energy Giants TotalEnergies & Sinopec Team Up For China's Sustainable Fuel
From Frying Pan To Jet Fuel: Energy Giants TotalEnergies & Sinopec Team Up For China's Sustainable Fuel
TotalEnergies SE (NYSE:TTE) penned a Heads of Agreement (HoA) with China Petroleum and Chemical Corporation (OTC:SNPMF) (SINOPEC) to jointly develop a Sustainable Aviation Fuel (SAF) production unit at a SINOPEC's refinery in China.
TotalEnergies SE（紐約證券交易所代碼：TTE）與中國石油化工集團公司（場外交易代碼：SNPMF）（中石化）簽署了協議負責人（HoA），共同在中國石化煉油廠開發可持續航空燃料（SAF）生產裝置。
SINOPEC and TotalEnergies will jointly own the planned unit, which will have the capacity to produce 230,000 tons of SAF annually.
中石化和道達爾能源將共同擁有計劃中的機組，該裝置將有能力每年生產23萬噸SAF。
The unit will process local waste or residues from the circular economy (cooking oils and animal fats).
該單位將處理來自循環經濟的當地廢物或殘留物（食用油和動物脂肪）。
Yongsheng Ma, SINOPEC Group Chairman, said: "This milestone collaboration with TotalEnergies is in line with our strategy in the development of low carbon solutions for China and the world. SINOPEC is committed to providing green and low-carbon energy solutions while improving quality and efficiency of its asset portfolio."
中石化集團董事長馬永生表示：“與TotalEnergies的這一具有里程碑意義的合作符合我們爲中國和世界開發低碳解決方案的戰略。中石化致力於提供綠色低碳能源解決方案，同時提高其資產組合的質量和效率。”
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Patrick Pouyanné, Chairman and Chief Executive Officer of TotalEnergies, said, "We are very pleased to collaborate with SINOPEC, a major player in the global refining industry, to produce sustainable aviation fuels and structure a SAF production chain in China."
TotalEnergies董事長兼首席執行官Patrick Pouyanné表示：“我們很高興與全球煉油行業的主要參與者中石化合作，生產可持續的航空燃料並在中國構建SAF生產鏈。”
TotalEnergies has set itself a target of 1.5 million tons of annual SAF production by 2030.
TotalEnergies爲自己設定了到2030年實現每年150萬噸SAF產量的目標。
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Price Action: TTE shares are up 0.53% at $68.65 premarket on the last check Tuesday.
價格走勢：在週二的最後一次支票中，TTE股價上漲0.53％，至盤前68.65美元。