In the UK, SAF Investor reported that Zhejiang Jiaao Enprotech (Jiaao Enprotech) announced that it has received strategic investment from China National Fuel Group (CNAF) in its subsidiary Lianyungang Jiaao Enprotech – producing sustainable aviation fuel.
According to Jiaao Enprotech, CNAF will invest approximately $36.4 million for a 10% equity stake post-capital increase. However, Jiaao Enprotech will remain the controlling shareholder, retaining actual control over Lianyungang Jiaao, according to the report.
In May 2025, Lianyungang Jiaao secured approval from the country’s Ministry of Commerce and three other departments, becoming first company included in the SAF “Export Whitelist.”, the report added.
China also launched SAF pilot programs at four major airports, with plans to expand scale by 2025, focusing on routine bio-jet fuel refueling in the Yangtze River Delta and Beijing-Tianjin-Hebei regions.
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