TotalEnergies SE (GB:TTE) has released an update.
In a strategic move, TotalEnergies SE and China Petroleum and Chemical Corporation (SINOPEC) have signed an agreement to enhance their longstanding partnership by focusing on low-carbon energy initiatives. The collaboration will capitalize on combined R&D efforts in sustainable aviation fuel, biofuels, green hydrogen, and carbon capture, utilization, and storage (CCUS). The strengthened alliance aims to meet increasing global energy demand while advancing towards a decarbonized energy future.
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