REG-TotalEnergies SE China: TotalEnergies and SINOPEC Join Forces to Produce Sustainable Jet Fuel at a SINOPEC's Refinery

TotalEnergies SEAnnouncement

26/03/2024 07:15

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240326:nBwbCjG3Va&default-theme=true


China: TotalEnergies and SINOPEC Join Forces to Produce Sustainable Jet Fuel
at a SINOPEC's Refinery

 

TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) and China Petroleum and
Chemical Corporation (“SINOPEC”) have signed a Heads of Agreement (HoA) to
jointly develop a Sustainable Aviation Fuel (SAF) production unit at a
SINOPEC's refinery in China.

The planned unit, jointly owned by SINOPEC and TotalEnergies, will have the
capacity to produce 230,000 tons of SAF per year, and will process local waste
or residues from the circular economy (cooking oils and animal fats).

SINOPEC has developed its own SAF production technology, called SRJET.
TotalEnergies, already one of Europe's leading SAF producers, will bring its
experience and expertise in the technical, operational and distribution
fields.

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.”

Patrick Pouyanné, Chairman and Chief Executive Officer of TotalEnergies,
stated: “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. 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.
TotalEnergies has set itself a target of 1.5 million tons of annual SAF
production by 2030.”

TotalEnergies and Sustainable Aviation Fuels

TotalEnergies is developing Sustainable Aviation Fuels (SAF). These are
biofuels produced from waste and residues from the circular economy (animal
fats, used cooking oils, etc.) and "e-jets", synthetic fuels for aviation.
These sustainable aviation fuels will significantly reduce CO2 emissions from
air transport.

About TotalEnergies

TotalEnergies is a global multi-energy company that produces and markets
energies: oil and biofuels, natural gas and green gases, renewables and
electricity. Our more than 100,000 employees are committed to energy that is
ever more affordable, more sustainable, more reliable and accessible to as
many people as possible. Active in nearly 130 countries, TotalEnergies puts
sustainable development in all its dimensions at the heart of its projects and
operations to contribute to the well-being of people.

@TotalEnergies
(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Ftwitter.com%2FTotalEnergies&esheet=53915302&newsitemid=20240326322960&lan=en-US&anchor=%40TotalEnergies&index=1&md5=321e7e89456a690b2165098bbfb3d0b7)
| TotalEnergies
(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Ftotalenergies%2F&esheet=53915302&newsitemid=20240326322960&lan=en-US&anchor=TotalEnergies&index=2&md5=19990e0e46d218c6a857d59d470586df)
| TotalEnergies
(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.facebook.com%2FTotalEnergiesFrance%2F&esheet=53915302&newsitemid=20240326322960&lan=en-US&anchor=TotalEnergies&index=3&md5=878668aa5fa66366fe3289887e43192c)
| TotalEnergies
(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.instagram.com%2Ftotalenergies%2F&esheet=53915302&newsitemid=20240326322960&lan=en-US&anchor=TotalEnergies&index=4&md5=8b85ca7dcefa7069070774e71011e8d2)

TotalEnergies Contacts

Media Relations: +33 (0)1 47 44 46 99 l presse@totalenergies.com
(mailto:presse@totalenergies.com) l @TotalEnergiesPR 
(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Ftwitter.com%2FTotalEnergiesPR&esheet=53915302&newsitemid=20240326322960&lan=en-US&anchor=%40TotalEnergiesPR&index=5&md5=c22aa307ab7dc8c8ffa7ea807087f90f)

Investor Relations: +33 (0)1 47 44 46 46 l ir@totalenergies.com
(mailto:ir@totalenergies.com)

Cautionary Note

The terms “TotalEnergies”, “TotalEnergies company” or “Company” in
this document are used to designate TotalEnergies SE and the consolidated
entities that are directly or indirectly controlled by TotalEnergies SE.
Likewise, the words “we”, “us” and “our” may also be used to refer
to these entities or to their employees. The entities in which TotalEnergies
SE directly or indirectly owns a shareholding are separate legal entities.
This document may contain forward-looking information and statements that are
based on a number of economic data and assumptions made in a given economic,
competitive and regulatory environment. They may prove to be inaccurate in the
future and are subject to a number of risk factors. Neither TotalEnergies SE
nor any of its subsidiaries assumes any obligation to update publicly any
forward-looking information or statement, objectives or trends contained in
this document whether as a result of new information, future events or
otherwise. Information concerning risk factors, that may affect
TotalEnergies’ financial results or activities is provided in the most
recent Universal Registration Document, the French-language version of which
is filed by TotalEnergies SE with the French securities regulator Autorité
des Marchés Financiers (AMF), and in the Form 20-F filed with the United
States Securities and Exchange Commission (SEC).



View source version on businesswire.com:
https://www.businesswire.com/news/home/20240326322960/en/
(https://www.businesswire.com/news/home/20240326322960/en/)

TotalEnergies


Copyright Business Wire 2024