LA DEFENSE (dpa-AFX) - France's TotalEnergies SE (TTE) and China Petroleum &
Chemical Corp. or Sinopec (SNPMF) Tuesday said they have signed a strategic
cooperation agreement to deepen their collaboration, notably in low-carbon
energies.

Under the deal, the two companies plan to combine their R&D expertise in
biofuels, green hydrogen, CCUS and decarbonization.

Both companies have been working together for many years, mainly in Angola and
Brazil in Upstream operations, and more generally in various domains of oil,
LNG, oil product trading, and engineering.

TotalEnergies and Sinopec recently joined forces to develop a 230,000 tons per
year sustainable aviation fuel or SAF production unit at a SINOPEC refinery in
China.

Patrick Pouyanne, Chairman and CEO of TotalEnergies, said, 'We are pleased to
reinforce our partnership with SINOPEC, a major Chinese energy player which is
already our partner in several countries. This strategic cooperation agreement
reflects our shared will to combine our multi-energies expertise to address
today's growing global demand, while simultaneously building the decarbonized
energy system of tomorrow.'



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