TOTALENERGIES AND SINOPEC JOIN FORCES TO PRODUCE SUSTAINABLE JET FUEL AT SINOPEC'S REFINERY

TotalEnergies 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 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.

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.”