大消息！两大央企重组

Group 1 - The core point of the news is the restructuring between China Petroleum & Chemical Corporation (Sinopec) and China Aviation Oil Group, which has been approved by the State Council [1][3] - The restructuring is expected to create significant strategic complementarity and synergy, enhancing the overall market competitiveness of both companies [5] - After the restructuring, Sinopec can leverage China Aviation Oil Group's distribution network to expand its market share in aviation fuel and achieve integration of production and sales [5] Group 2 - China Aviation Oil Group is the largest aviation fuel procurement, transportation, storage, testing, sales, and refueling service provider in Asia, serving 258 transportation airports and 454 general airports in China [4] - The restructuring is anticipated to provide China Aviation Oil Group with more stable upstream resource supply, enhancing its bargaining power in the international aviation fuel market [5] - The restructuring aligns with China's "dual carbon" goals, as the civil aviation sector is a key area for achieving these targets, with sustainable aviation fuel (SAF) being a critical path for emissions reduction [6][7] Group 3 - Sinopec has been actively developing renewable energy technologies, with sustainable aviation fuel being a key focus area, having produced China's first bio-aviation fuel in 2022 [7] - The collaboration between Sinopec and China Aviation Oil Group in green energy transition is expected to reshape the competitive landscape of the traditional energy market and have a profound impact on the green transformation of China's aviation industry [7]