Tag: Chinese SAF

BP buys 15% of Chinese SAF producer for $49.5M

BP buys 15% of Chinese SAF producer for $49.5M

August 26, 2024 |

In China, Reuters reports BP has invested $49.5 million in Zhejiang Jiaao Enprotech’s SAF unit in exchange for a 15% shareholding. The company currently has a 500,000 ton per year SAF plant under construction in the eastern coastal city of Lianyungang. The investment represents the first SAF investment in China by an oil major. Zhejiang […]

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bp investing $48.5M in Chinese SAF producing after pulling back in Europe

bp investing $48.5M in Chinese SAF producing after pulling back in Europe

July 10, 2024 |

In China, Platts reports bp is investing $48.5 million in renewable diesel and sustainable aviation fuel producer Lianyungang Jiaao New Energy, securing it 15% of the company, ahead of the expected SAF mandates that are likely to be announced soon in the country. Currently the company’s parent, Jiaao Enprotech, has 100,000 metric tons of SAF […]

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