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HSBC, Cathay Pacific and EcoCeres partner for major SAF initiative in Hong Kong

Nov 22, 2024•almost 2 years ago

Contract Type

partnership

ChinaBiotechnologyEnergyRenewable EnergyBiomass EnergyBiofuel

Description

HSBC Hong Kong, Cathay Pacific, and EcoCeres have formed a partnership to promote the use of sustainable aviation fuel (SAF) in Hong Kong. This collaboration aims to support a key innovation for the long-term decarbonization of air travel and foster a local SAF ecosystem for Hong Kong.

Company Information

Company

EcoCeres

Location

China

About

EcoCeres is a world-leading biofuel and bioproducts platform, with over a decade of experience in biomass utilization. The company has earned a reputation as a global innovator in the conversion of waste-based biomass into biofuels, biochemicals, and biomaterials. Founded with a mission to address the challenges of climate change, EcoCeres is an ISCC-certified decarbonization solution provider, stably producing industrial-scale sustainable aviation fuel (SAF) and hydro-treated vegetable oil (HVO) through its proprietary processes.

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Strategic

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Agreement Insights

Based on industry data
Strategic partnership established
Partnership agreements typically involve technology integration and joint go-to-market strategies
Contract momentum indicator
Companies with recent agreements are 2.3x more likely to make additional purchases within 6 months

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