China Petroleum & Chemical Corporation (Sinopec), China’s largest supplier of petroleum and petrochemical products, and second largest chemical company in the world, and Syensqo SA, a leading multinational provider of advanced performance materials and chemical solutions, have signed a Strategic Partnership Framework Agreement to foster collaboration in advanced materials and specialty chemicals in Beijing on April 22.

The agreement marks a significant milestone in the partnership between Sinopec and Syensqo, which aims to explore business development opportunities and application development in various sectors, including commercial aerospace, transportation, energy, electronics and industrial fields to empower innovation for sustainable solutions.

Sinopec and Syensqo sign strategic partnership framework agreement.

The collaboration will focus on carbon fiber and composites, specialty polymers, and material solutions for commercial aerospace, transportation, and energy sectors and will explore opportunities in supply chain management and sustainability, 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.

Dr. Zhao Dong, Vice Chairman & President of Sinopec, stated, “Sinopec has always adhered to the philosophy of open cooperation. This collaboration with Syensqo is a crucial step to deepen synergy in the global energy and chemical industry chain. We will lead with technological innovation, advance green and low-carbon technologies, and jointly explore high-quality development pathways to deliver cleaner and more efficient energy, chemical product, and advanced material solutions for global customers.”

Dr. Ilham Kadri, CEO of Syensqo, stated, "we have had many exchanges with Sinopec in Beijing, Shanghai and Brussels. The strategic partnership aligns with Syensqo’s mission to pursue breakthroughs that advance humanity. Together, we will explore innovative solutions that address the evolving needs of our industries while lowering carbon footprint."