Investment potential in Chinese biofuel plants producing SAF

Chinese biofuel producers plan to invest more than $1 billion (€0.9 billion) in the country’s first plants to turn waste cooking oil into sustainable aviation fuel (SAF), according to Reuters.
China is the world’s second largest aviation market and the announcement of its policy on SAF use for 2030 could lead to billions of dollars of investment in the sector, it was reported.
Chinese biofuel firms in China are planning to start up plants over the next 18 months to produce a total of more than 1 million tonnes/year of SAF.
Once operational, the projects would use up supplies of used cooking oil (UCO) feedstock that China currently exported.
The companies included Junheng Industry Group Biotech, Zhejiang Jiaao Enprotech and Tianzhou New Energy.
Last year, China exported a record 2.05 million tonnes of UCO, mostly to the US and Singapore, and also supplied feedstock to biofuel refiners such as Finnish firm Neste.