Sou Hu Cai Jing·2026-01-08 20:22Group 1 - China Petroleum & Chemical Corporation (Sinopec) was established in July 1983 and restructured in July 1998, becoming a large integrated energy and chemical group with a registered capital of 326.5 billion RMB [1] - China National Aviation Fuel Group (China Aviation Oil) was formed in 2002 and is the largest aviation fuel service provider in Asia, involved in procurement, transportation, storage, testing, sales, and refueling [1] - The merger between Sinopec and China Aviation Oil is expected to enhance the resilience of the aviation fuel supply chain and ensure energy security for the aviation industry [1] Group 2 - The collaboration between Sinopec and China Aviation Oil aims to strengthen China's international competitiveness in the aviation fuel industry, which currently lags behind major global players like Shell and BP [2] - The merger is anticipated to promote the high-quality development of sustainable aviation fuel (SAF), addressing the challenges of carbon emissions in the aviation sector [2] - Sinopec is recognized as one of the earliest companies in China to produce SAF, while China Aviation Oil plays a crucial role in the promotion and application of SAF [2]