In Hong Kong, South China Morning Post reported that EcoCeres, a Hong Kong-based renewable biofuel producer, expressed strong interest in investing in a regional industry supply chain for sustainable aviation fuel, contingent on the right conditions, according to the company’s CEO.
Hong Kong Chief Executive John Lee Ka-chiu had recently outlined ambitious plans to develop an SAF supply chain in the Greater Bay Area.
However, EcoCeres CEO Matti Lievonen said demand clarity, critical infrastructure, feedstock security and regulatory certainty were the key prerequisites for the company to make a significant financial commitment.
“The foremost requirement is a clear and stable local market,” Lievonen said. “The mandatory SAF usage target indicated by the Chief Executive is exactly the kind of policy signal needed,” said Lievonen.
“It creates a level playing field for all airlines, ensures long-term demand visibility for producers like us, and ultimately strengthens [Hong Kong’s] competitiveness in aviation decarbonization,” he added.
He said securing local feedstock was crucial for Hong Kong’s SAF strategy to keep costs and pollution down, while regulatory support for domestic biofuel production was necessary to ensure a resilient supply chain, according to the report.
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