BEIJING (March 26): Chinese state-owned Sinopec and French oil major TotalEnergies have signed an agreement to produce sustainable aviation fuel (SAF), a statement released by Sinopec said on Tuesday.
The companies will jointly build and operate a SAF unit at one of Sinopec’s refineries in China, with an annual production capacity of 230,000 metric tons per year, the statement said.
Burning SAF can reduce CO2 emissions by around 80% versus traditional jet fuel, according to data cited by Airbus.
The European Union is set to introduce a blending mandate requiring airports to supplyjet fuel at 2% SAF blends from 2025. In the US, the Biden administration has introduced tax credits for SAF production under the Inflation Reduction Act.
