China Aviation
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Sinopec Corp. and China Aviation officially announced a restructuring
Wallstreetcn·- On January 8, the restructuring of Sinopec Group and China National Aviation Fuel Group was approved, enhancing China's aviation fuel industry's international competitiveness and its supply chain resilience. - The new entity will leverage synergies from integrated refining and extensive distribution networks to lower supply costs and ensure energy security in the aviation sector. - Additionally, the merger aims to advance the sustainable aviation fuel industry, crucial for decarbonization, by combining technological and logistical strengths from both companies to create a complete industry loop.