TotalEnergies and China's SINOPEC pledged to strengthen their cooperation in low-carbon energy in a strategic cooperation agreement the companies signed during the Chinese President's state visit to France, Report informs referring to Reuters.
The two companies plan to join forces on R&D on biofuels, hydrogen, and carbon capture and storage technologies in particular, TotalEnergies said in a press release.
The cooperation between two of the world's largest energy companies indicates energy transition projects might be a rare realm of increased international cooperation amid current tensions between China and Western countries.
Patrick Pouyanne, CEO of TotalEnergies: "This strategic cooperation agreement reflects our common desire to combine our multi-energy expertise to meet growing global demand while building tomorrow's decarbonized energy system."