BlueFloat, China’s Dajin to partner on floating wind supply chain
Sep 19, 2024 15:04 CESTFrench energy group TotalEnergies SE (EPA:TTE) said on Tuesday it has signed a heads of agreement (HoA) with China Petroleum and Chemical Corp (HKG:0386), or Sinopec, to jointly develop a sustainable aviation fuel (SAF) production unit in China.
The unit would be located at a Sinopec refinery and would be jointly owned by the two companies. It would be capable of producing 230,000 tonnes of SAF per year from local waste or residues, such as cooking oils and animal fats.
Sinopec has developed its own technology for SAF production, called SRJET, while the French company will contribute its experience and expertise in the technical, operational and distribution fields, says the announcement.
“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,” said TotalEnergies chairman and chief executive Patrick Pouyanne. TotalEnergies targets 1.5 million tonnes of annual SAF production by 2030, Pouyanne noted.
“Sinopec is committed to providing green and low-carbon energy solutions while improving quality and efficiency of its asset portfolio,” commented Sinopec Group chairman Yongsheng Ma.
BlueFloat, China’s Dajin to partner on floating wind supply chain
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