Bain-backed biofuels refiner partners with Chinese firm to source feedstock
In China, Reuters reported that Bain Capital-backed biofuels refiner EcoCeres has tied up with a waste management firm backed by the Chinese city of Shenzhen to source feedstock as it expands production of low-carbon fuels to meet fast-growing demand.
The agreement between Hong Kong-based EcoCeres and Shenzhen Expressway Group, which handles more than 2.5 million metric tons of food waste annually across China, comes as local governments in China step up collection of feedstocks such as used cooking oil (UCO) to cash in on growing global trade in biodiesel and sustainable aviation fuel (SAF), according to the report.
The partnership will “create a new model for feedstock procurement and provide a stable and high-quality bio-grease source,” EcoCeres said.
Tags: biodiesel, China, EcoCeres, SAF, Shenzhen Expressway Group, UCO
Category: Fuels
