Syensqo and Sinopec to jointly foster advanced materials and specialty chemicals

Syensqo, a leader in advanced materials and specialty chemicals, and China Petroleum & Chemical Corporation (Sinopec) have signed a Strategic Partnership Framework Agreement to foster collaboration in advanced materials and specialty chemicals.

The partnership is set to explore business development opportunities and application development in various sectors, including commercial aerospace, transportation, energy, electronics, and industrial fields.

Key areas of focus include carbon fiber and composites, specialty polymers, and material solutions for commercial aerospace, transportation, and energy sectors. The collaboration will also delve into supply chain management and sustainability initiatives, including the use of circular chemicals and reducing carbon footprint.

The two companies will also explore business cooperation in emerging markets such as South America and Asia.

"We have had many exchanges with Sinopec in Beijing, Shanghai and Brussels. This strategic partnership aligns with Syensqo's mission to pursue breakthroughs that advance humanity," said Ilham Kadri, CEO of Syensqo.

"Together, we will explore innovative solutions that address the evolving needs of our industries while lowering carbon footprint."

"This collaboration with Syensqo is an important practice to deepen the synergy of the global energy and chemical industry chain," said Zhao Dong, general manager of Sinopec.

"We will take the lead in science and technology innovation, promote the research and development of green and low-carbon technologies and high-end materials, jointly explore the path of high-quality development of the petrochemical industry, and provide customers around the world with cleaner and more efficient energy, chemical products, and advanced material solutions."