EcoCeres plans HK$10 billion sustainable aviation fuel plants in Greater Bay Area
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EcoCeres, a biofuel company backed by tycoon Peter Lee, plans to invest HK$10 billion (US$1.3 billion) in sustainable aviation fuel (SAF) plants in the Greater Bay Area. The project, hailed as a milestone collaboration between Hong Kong and mainland China, includes a plant in Dongguan aimed at producing 450,000 tonnes of SAF annually. Chief Executive John Lee emphasized the synergy between Hong Kong's financial expertise and Dongguan's industrial capabilities. The initiative aligns with Beijing's 15th five-year development plan and aims to significantly reduce emissions from aviation fuel.
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