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TotalEnergies and SINOPEC sign an agreement for low-carbon energies

On the occasion of the state visit to France by the President of the People's Republic of China, TotalEnergies and SINOPEC signed a strategic cooperation agreement to strengthen their collaboration in low-carbon energies.

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TotalEnergies and SINOPEC, long-standing partners in various international projects, have decided to strengthen their collaboration, with a particular focus on low-carbon energies. The two companies, already jointly involved in operations in Angola and Brazil, as well as in petroleum products trading and engineering, have recently developed a SAF (sustainable aviation fuel production unit) in China.

Objectives of the agreement

The new strategic agreement aims to develop opportunities by combining the two companies’ respective expertise in biofuels, green hydrogen, carbon capture and storage (CCUS) and decarbonization. Patrick Pouyanné, CEO of TotalEnergies, said:

“We are delighted to strengthen our partnership with SINOPEC, a major energy player in China. This strategic agreement reflects our shared desire to meet growing global demand while building tomorrow’s low-carbon energy system.”

Innovation and sustainable development

The two companies are committed to exploring new opportunities in the fields of sustainable aviation fuel, green hydrogen and CCUS. Dr Ma Yongsheng, President of SINOPEC, underlined the importance of this agreement, stating that:

“SINOPEC and TotalEnergies have established a strong partnership. The signing of this strategic cooperation agreement marks a new milestone, enabling us to strengthen our partnership by exploring more opportunities for sustainable, green industrial growth.”

This partnership aims to meet the growing demand for energy while respecting sustainability and carbon emission reduction objectives, by exploring new opportunities in the fields of sustainable aviation fuel, green hydrogen and CCUS.

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