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（纽约证券交易所代码：TTE）与中国石油化工集团公司（场外交易代码：SNPMF）（中石化）签署了协议负责人（HoA），共同在中国石化炼油厂开发可持续航空燃料（SAF）生产装置。
SINOPEC and TotalEnergies will jointly own the planned unit, which will have the capacity to produce 230,000 tons of SAF annually.
中石化和道达尔能源将共同拥有计划中的机组，该装置将有能力每年生产23万吨SAF。
The unit will process local waste or residues from the circular economy (cooking oils and animal fats).
该单位将处理来自循环经济的当地废物或残留物（食用油和动物脂肪）。
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."
中石化集团董事长马永生表示：“与TotalEnergies的这一具有里程碑意义的合作符合我们为中国和世界开发低碳解决方案的战略。中石化致力于提供绿色低碳能源解决方案，同时提高其资产组合的质量和效率。”
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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董事长兼首席执行官Patrick Pouyanné表示：“我们很高兴与全球炼油行业的主要参与者中石化合作，生产可持续的航空燃料并在中国构建SAF生产链。”
TotalEnergies has set itself a target of 1.5 million tons of annual SAF production by 2030.
TotalEnergies为自己设定了到2030年实现每年150万吨SAF产量的目标。
Also Read: TotalEnergies Expands Carbon Capture And Joins e-Natural Gas Coalition With Industry Giants
另请阅读: TotalEnergies扩大碳捕集范围并加入与行业巨头的电子天然气联盟
Price Action: TTE shares are up 0.53% at $68.65 premarket on the last check Tuesday.
价格走势：在周二的最后一次支票中，TTE股价上涨0.53％，至盘前68.65美元。