A Hong Kong-based renewable fuel producer, EcoCeres, backed by the family office of tycoon Peter Lee Ka-kit, has announced plans to invest HK$10 billion (US$1.3 billion) in establishing sustainable aviation fuel (SAF) production facilities in the Greater Bay Area. This initiative aims to enhance green energy development and strengthen collaboration between Hong Kong and mainland China.
The company revealed plans for a new SAF plant in Dongguan as part of a broader green energy strategy over the next five to ten years. Hong Kong’s Chief Executive John Lee Ka-chiu emphasized the importance of this project, describing it as a milestone that symbolizes the synergy between the two regions. He highlighted Hong Kong's strengths in global finance, professional services, and research, complemented by Dongguan's mature chemical industry parks, logistics infrastructure, and available raw materials such as used cooking oil, which is essential for SAF production.
SAF is a renewable fuel made from waste products like used cooking oil and agricultural waste, capable of reducing lifecycle emissions by up to 80% compared with traditional jet fuels. It is a drop-in fuel, meaning it can be blended with conventional jet fuel and used directly in aircraft engines without modification. This project reflects ongoing efforts by local and regional authorities to promote cleaner energy solutions and environmental sustainability in the aviation sector.
