EcoCeres to invest HK$10 billion in sustainable aviation fuel plants in Greater Bay Area

AI Summary

EcoCeres plans to invest HK$10 billion in sustainable aviation fuel plants in the Greater Bay Area as a part of a major collaboration between Hong Kong and mainland China. This initiative is viewed as a significant step toward eco-friendly fuel production.

A biofuel company backed by the family office of tycoon Peter Lee Ka-kit will invest HK$10 billion (US$1.3 billion) in sustainable aviation fuel (SAF) production plants in the Greater Bay Area, a project that Hong Kong’s leader has hailed as a “milestone” collaboration between the city and mainland China. EcoCeres, a Hong Kong-based renewable fuel producer backed by the tycoon – who is also chairman of Henderson Land Development and Towngas – unveiled plans on Tuesday to build an SAF plant in...