Bain Capital bets on demand growth for sustainable aviation fuel
In Hong Kong, The Standard reported that Bain Capital, a major shareholder in sustainable aviation fuel producer EcoCeres, expects blending mandates in several countries will drive long-term growth and sees China requiring it in coming years.
Bain partner James Tam, who is also co-chair of EcoCeres, said in an interview the sustainable aviation fuel sector was at the start of a multi-decade expansion as rules for airlines to cut carbon emissions spread from Europe to Asia.
“SAF is almost the only commercially available solution to decarbonize aviation,” Tam said. “There won’t be hydrogen or electric planes for long-haul flights any time soon.”
Bain invested more than $700 million in EcoCeres in 2022, when it was the second company after Finland’s Neste to commercialize SAF production, Tam said.
EcoCeres, which supplies global airlines including Qantas, Air France, British Airways and Cathay Pacific, has combined renewable fuels capacity of about 770,000 metric tons per year at plants in Zhangjiagang in eastern China and Johor, Malaysia.
Category: Fuels
