中国石化与中国航油实施重组，助力航空业绿色低碳转型

Core Viewpoint - The restructuring of China Petroleum & Chemical Corporation (Sinopec) and China National Aviation Fuel Group Corporation (CNAF) aims to enhance the integration of the aviation fuel industry chain, reduce supply costs, and promote a green and low-carbon transition in aviation energy supply [1][3]. Group 1: Industry Integration and Innovation - The merger will leverage Sinopec's oil product R&D technology and CNAF's market supply advantages, facilitating the integration of innovation within the aviation fuel industry chain [3]. - Currently, there is a disconnect between the R&D, production, sales, and application sectors in China's aviation fuel industry, which the restructuring aims to address [1]. Group 2: Green and Low-Carbon Transition - The restructuring is expected to support the high-quality development of sustainable aviation fuel, aiding the aviation industry's transition to a green and low-carbon model [3][5]. - Sustainable aviation fuel technology is recognized as a primary route for reducing carbon emissions in the aviation sector, which faces significant challenges in emission reductions [3]. Group 3: Sustainable Aviation Fuel Development - Sinopec is the first company in Asia to develop and commercialize bio-jet fuel production technology, and the merger will accelerate the R&D and application of sustainable aviation fuel technologies [5]. - The restructuring is anticipated to create new business models covering the entire sustainable aviation fuel industry chain, enhancing international competitiveness and contributing to carbon reduction in China's aviation sector [5][7]. Group 4: Market Potential - According to the International Air Transport Association, global sustainable aviation fuel consumption is projected to reach 6 million tons by 2025 and 18 million tons by 2030 [7]. - Sinopec has filled a gap in the application of domestic sustainable aviation fuel in local aircraft models, positioning itself as a leader in this emerging market [7].