China’s Unipec agrees to jet fuel term supply deal with Lufthansa

[SINGAPORE] China’s state oil trader Unipec, a vehicle of refining giant Sinopec Corp, has signed a term deal to supply about 60,000 metric tons of jet fuel to Lufthansa annually, Sinopec said on Monday (Nov 24).

The supplies will feed Lufthansa’s supply chains at airports in Belgium and Germany, Sinopec said in its inhouse newspaper.

Unipec’s jet fuel supplies have until now covered aviation hubs in Western Europe and North Africa, with annual supplies, including sustainable aviation fuel (SAF), exceeding 5 million metric tons for the fourth year in a row, Sinopec said.

Unipec’s SAF sales in Europe reached 120,000 tons this year, after deals for term supplies signed with both Lufthansa and KLM Royal Dutch Airlines. REUTERS