TotalEnergies signed a heads of agreement with China Petroleum and Chemical Corp. (Sinopec) to jointly develop a sustainable aviation fuel (SAF) production unit at a Sinopec refinery in China, TotalEnergies announced March 26.
The unit will have the capacity to produce 230,000 tons of SAF per year and will process local waste or residues from the circular economy, such as cooking oils and animal fats, TotalEnergies said.
TotalEnergies set a target of 1.5 MMton of annual SAF production by 2030.
“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,” said Patrick Pouyanné, chairman and CEO of TotalEnergies.
Recommended Reading
Enverus: Permian Gains Will Sustain US Oil Production Through 2030
2024-05-09 - Crude output gains from the Permian Basin will keep U.S. oil production relatively flat entering the 2030s, offsetting declines from mature oily basins, according to Enverus Intelligence Research.
Riley Exploration Permian Closes Delaware Basin Bolt-on
2024-05-08 - Riley Exploration Permian said it added 13,900 acres and up to 25 net locations in Eddy County, New Mexico.
OFS Sector Loses Jobs, but Trade Org Says Growth Potential Remains
2024-05-08 - According to analysis by the Energy Workforce & Technology Council, the OFS job market may still have potential for growth despite a slight decrease in the sector in April.
CGG, Baker Hughes Sign MOU for CCS Projects
2024-05-08 - The memorandum of understanding between CGG and Baker Hughes will bring the companies’ complimentary skillsets together to explore carbon capture and sequestration solutions.
‘Oversupplied’ NatGas Market Aiding Williams’ Storage Business
2024-05-08 - Midstream company Williams saw overall demand growth as heavy gas volumes passed through its network.