Topsoe has partnered with Guangxi Free Trade Zone Hongkun Biomass to implement its HydroFlex™ technology for producing Sustainable Aviation Fuel (SAF), marking its first SAF project in China.
Information on the Target
Guangxi Free Trade Zone Hongkun Biomass Fuel Co., Ltd. is a subsidiary of Guangxi Hongkun Energy Group Co., Ltd., operating in the Qinzhou Petrochemical Industry Park of Guangxi province, China. This company is a significant player in the biomass energy sector, specializing in the production of renewable fuel from waste oil. With a total investment of approximately 3.5 billion yuan, it aims to become one of the largest production bases for Sustainable Aviation Fuel (SAF) in China.
The Guangxi Hongkun Biomass facility is designed to cover an area of 430 mu and will generate around 600 new jobs upon completion. When fully operational, the facility is projected to achieve an annual output value of 9.8 billion RMB, emphasizing its substantial role in the region's renewable energy landscape.
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Industry Overview in China
The demand for Sustainable Aviation Fuel (SAF) in China is rising rapidly, driven by the country's commitment to reducing carbon emissions and promoting cleaner energy sources. According to the International Energy Agency's Net Zero Scenario, more than 10% of aviati
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Revenue: $1,300M