In China, Investing.com reported that China National Aviation Fuel Company (CNAF) announced it has agreed to acquire a stake in a sustainable aviation fuel plant controlled by Henan Junheng Industry Group Biotech.
The investment marks CNAF’s second venture into privately-controlled “green” jet fuel production, according to the report. CNAF, which serves as China’s dominant aviation fuel distributor, made the announcement on its official WeChat platform without disclosing financial details of the agreement.
Junheng, based in Central China, is among the country’s first commercial sustainable aviation fuel (SAF) refiners. The company processes used cooking oil (UCO) into low-carbon fuel, the report added.
More on the story.
