TotalEnergies and Sinopec boost low-carbon energy plans

TotalEnergies and Sinopec, two giants in the global energy market, have significantly strengthened their collaborative ties by signing a strategic cooperation agreement aimed at advancing low-carbon energy solutions. This agreement, signed in Paris, France, where TotalEnergies is headquartered, during the state visit of the Chinese President Xi Jinping, underscores a deeper commitment between the French and Chinese energy leaders to leverage their joint expertise in sectors like biofuels, green hydrogen, and carbon capture, utilization, and storage (CCUS).

For years, TotalEnergies and Sinopec have collaborated across a variety of fields, including oil and LNG trading, engineering, and particularly in upstream operations in Angola and Brazil. More recently, the partners embarked on developing a sustainable aviation fuel (SAF) production facility in China, capable of producing 230,000 tons annually.

This new agreement is set to broaden the scope of their partnership, focusing on research and development in emerging energy technologies that are essential for a decarbonised future. Patrick Pouyanné, chairman and CEO of TotalEnergies, expressed enthusiasm about enhancing their partnership with Sinopec, which coincides with TotalEnergies’ 100th anniversary. He highlighted the mutual ambition to meet the increasing global energy demands while building a sustainable energy framework for the future.

Dr. Ma Yongsheng, chairman of Sinopec, reflected on the longstanding cooperation between the two companies, noting the strategic cooperation framework as a new milestone. With this strengthened partnership, Sinopec and TotalEnergies aim to explore further opportunities in sustainable aviation fuel, green hydrogen, and other low-carbon technologies, reinforcing their commitment to sustainable and green growth within the industry.

TotalEnergies, a global player in the energy sector, remains committed to delivering more reliable, affordable, and cleaner energy worldwide, with operations spanning approximately 120 countries and a workforce of more than 100,000. This partnership marks a significant step in both companies’ efforts to address  environmental challenges and lead the transition towards a more sustainable energy landscape.