TotalEnergies and Sinopec to collaborate on low-carbon energy
TotalEnergies invested about US$5.9 billion in low-carbon energies and almost US$11 billion in oil and gas in 2023.
France’s TotalEnergies and China’s Sinopec have signed an agreement to collaborate on the development of biofuels, green hydrogen, carbon capture and storage and energy decarbonisation.
Signed today (May 7) during Chinese President Xi Jinping’s state visit to France, the partnership further deepens the climate collaboration between the two firms, after they agreed to jointly develop a sustainable aviation fuel production unit at one of Sinopec’s refineries earlier this year.
