Page 153 - CW E-Magazine (9-4-2024)

News from Abroad

GREEN AVIATION
TotalEnergies and Sinopec join forces to produce

SAF in China

France-based oil & gas major, To-
talEnergies, 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 a Sinopec’s
refinery in China.

The planned unit, jointly owned by
Sinopec and TotalEnergies, will have the
capacity to produce 230-ktpa of SAF,
and will process local waste or residues
from the circular economy (cooking oils
and animal fats).
and expertise in technical, operational of our company’s transition strategy, as
Sinopec has developed its own SAF and distribution fields. Mr. Patrick we strive to meet the aviation industry’s
technology, called SRJET. TotalEner- Pouyanné, Chairman and CEO of To- demand to reduce its carbon footprint.
gies, already one of Europe’s leading talEnergies, said, “The development of TotalEnergies has set itself a target of
SAF producers, will bring its experience sustainable aviation fuels is at the heart 1.5-mtpa of SAF production by 2030.”

LUBE MARKET INSIGHTS
ICIS and Base Oil News announce partnership

ICIS, a commodity intelligence pro- nalism experience at Bloomberg, Reu- Through the collaboration, he will
vider, has announced a partnership with ters, and Argus Media, Mr. Pocock has integrate ICIS’ content and data re-
Base Oil News, a news outlet founded a deep understanding of illiquid energy sources in Base Oil News market cov-
by industry expert, Mr. Iain Pocock, markets. Since November 2023, he has erage. In return, he will contribute mar-
that provides coverage of the base oils been working with ICIS to share and ket insights to ICIS News, including
and lubricants market. exchange data and insights, enhancing expert and exclusive analysis of supply
the services both platforms offer to the and demand dynamics, price margins,
With more than two decades of jour- base oils and lubricants market. and other critical market drivers.
Singapore to implement SAF mandate from 2026

The government of Singapore has industry and other stakeholders and aims to SAF. This includes the required use
unveiled an action plan that aims to de- to decarbonise the country’s aviation of SAF in flights departing Singapore
carbonise the country’s aviation sector. sector. Under the blueprint, CAAS will starting in 2026. The requirement is ex-
The programme will, in part, require work with aviation stakeholders to re- pected to phase in starting at 1% in
flights departing Singapore to be fuelled duce domestic aviation emissions from 2026, increasing to 3-5% in 2030, subject
with sustainable aviation fuel (SAF) airport operations by 20% by 2030 when to global developments and the wider
starting in 2026. The Singapore Sustain- compared to a 2019 baseline. The pro- availability and adoption of SAF. CAAS
able Air Hub Blueprint was launched gramme aims to achieve net-zero domes- will also introduce a SAF levy for the
in February this year. It was deve- tic and international emissions by 2050. purchase of SAF to achieve the uplift
loped by the Civil Aviation Authority of The blueprint contains numerous specific target. The funds collected through the
Singapore (CAAS) in consultation with initiatives, including those related SAF levy will be used to purchase SAF.

Chemical Weekly April 9, 2024 153

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