Hong Kong, Jan. 16 -- The merger of China Petroleum and Chemical, better known as Sinopec, and China National Aviation Fuel Group (CNAF) could aid the aviation industry's carbon reduction goals and create scope for cheaper jet fuel, according to market observers. Read More The merger is a proactive response to global competition and the push for green transformation, Li Jin, chief researcher at the China Enterprise Research Institute, told Yicai. Sinopec is the world's biggest oil refiner and second-largest chemicals producer, ranking sixth in the 2025 Fortune Global 500, while CNAF is Asia's biggest aviation fuel services provider, integrating procurement, transportation, storage, testing, sales, and refueling across aviation fuel, petrole...