TotalEnergies and SINOPEC Strengthen Cooperation
07 Maio 2024 - 3:15AM
Business Wire
Regulatory News:
On the occasion of the state visit to France by the President of
the People's Republic of China, TotalEnergies (Paris:TTE) (LSE:TTE)
(NYSE:TTE), represented by Patrick Pouyanné, Chairman and CEO, and
China Petroleum and Chemical Corporation (“SINOPEC”), represented
by Ma Yongsheng, Chairman, signed a strategic cooperation agreement
to deepen their collaboration, notably in low-carbon energies.
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.
This strategic cooperation agreement aims to further develop the
partnership between TotalEnergies and SINOPEC and seize new
opportunities by leveraging their respective expertise. In
particular, the two companies plan to combine their R&D
expertise in biofuels, green hydrogen, CCUS and
decarbonization.
“We are pleased to reinforce our partnership with SINOPEC, a
major Chinese energy player which is already our partner in several
countries. 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.
“SINOPEC and TotalEnergies have established a strong
partnership. Signing this strategic cooperation framework agreement
on TotalEnergies' 100th anniversary marks another milestone. Over
the years, the two companies have carried out extensive cooperation
in exploration and production, LNG, biofuels, and trading. 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,” added
Dr. Ma Yongsheng, Chairman of SINOPEC.
***
About TotalEnergies TotalEnergies is a global integrated
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 provide as many
people as possible with energy that is more reliable, more
affordable and more sustainable. Active in about 120 countries,
TotalEnergies places sustainability at the heart of its strategy,
its projects and its operations.
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that are based on a number of economic data and assumptions made in
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the Form 20-F filed with the United States Securities and Exchange
Commission (SEC).
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