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EcoCeres keen to build green aviation fuel hub in Hong Kong ‘depending on conditions’
Chief executive says a ‘clear and stable local market’ is a key prerequisite for green aviation fuel hub ambitions
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EcoCeres, a Hong Kong-based renewable biofuel producer, expressed strong interest in investing in a regional industry supply chain for sustainable aviation fuel (SAF), contingent on the right conditions, according to the company’s CEO.
In his policy address on Wednesday, Hong Kong Chief Executive John Lee Ka-chiu 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 – one of the world’s major suppliers of the cleaner-burning fuel – to make a significant financial commitment.
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“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.”
“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 decarbonisation.”
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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.
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