China Petroleum & Chemical Corporation (Sinopec) has signed a biofuel procurement agreement with global commodity trader Trafigura through its aviation fuel subsidiary, as the companies look to expand cooperation in international aviation fuel trading and sustainable aviation fuel (SAF).
The agreement was signed on 4 November 2026 during Sinopec’s themed forum and trading delegation signing ceremony at the ninth China International Import Expo (CIIE) in Shanghai.
According to information released by Sinopec through the event coverage, the agreement will enable both companies to leverage their respective resource and distribution networks to deepen cooperation in international aviation fuel trade and supply chains. The partnership is also intended to strengthen global aviation fuel resource allocation and supply security.
The companies plan to expand cooperation in green energy, including sustainable aviation fuel, although the announcement did not disclose specific SAF procurement volumes, contract values or delivery schedules.
Sinopec expands international biofuel procurement
Sinopec Aviation Fuel Company’s agreement with Trafigura was among several international cooperation and procurement arrangements signed during the company’s CIIE event.
The agreement reflects Sinopec’s efforts to broaden its international aviation fuel supply network while exploring opportunities in lower-carbon fuels.
The announcement identifies biofuels as the subject of the procurement agreement and SAF as an area for expanded cooperation. However, it does not establish whether the initial procurement covers SAF specifically or other categories of biofuel.
No information was disclosed on the feedstock, production pathways, supply origins or quantities involved in the agreement.
Sinopec signs US$41.3 billion in procurement agreements at CIIE
The biofuel agreement formed part of Sinopec’s wider procurement programme at the ninth CIIE.
During the signing ceremony, Sinopec concluded agreements with 37 partners from 18 countries and regions, covering 29 products across 14 categories. These included green and low-carbon technologies, artificial intelligence, high-end equipment and digital supply chains.
The total value of the procurement agreements reached US$41.3 billion.
Sinopec Chairman Hou Qijun also outlined the company’s priorities for strengthening international supply chains, expanding green development cooperation and advancing technological innovation.
He highlighted opportunities for collaboration in areas including carbon trading, green finance, sustainable energy investment and carbon capture, utilisation and storage (CCUS).
Sinopec said its cumulative signed procurement agreements across the nine CIIE editions since 2018 had exceeded US$366 billion.
