Chinese firms invest in ‘green’ jet fuel

China is expected to unveil this year its policy on sustainable aviation fuel use for 2030 that could spur billions of dollars of investment. — Reuters

BIOFUEL firms are pouring more than US$1bil into building China’s first plants to turn waste cooking oil into aviation fuel for export and meet domestic demand once Beijing mandates the fuel’s use on airplanes to cut emissions.

The world’s second-largest aviation market, with about 11% of global jet fuel use, China is expected to unveil this year its policy on sustainable aviation fuel (SAF) use for 2030 that could spur billions of dollars of investment, industry executives tell Reuters.