Cathay Pacific has teamed up with the State Power Investment Corporation (“SPIC”) to drive development of the Sustainable Aviation Fuel (“SAF”) supply chain in China. SPIC is one of the largest state-owned energy companies on the Chinese Mainland and has the world’s largest solar power installed capacity. Under a recently signed MoU, Cathay Pacific will share international experience and feedback on the SAF certification process, value chain, and overall market know-how to facilitate SPIC in the establishment of four SAF plants on the Chinese Mainland. The four plants are expected to be commissioned from 2024-2026 and will each have the capacity to produce 50,000-100,000 tonnes of SAF annually.
Cathay Pacific has a target of using SAF for 10% of its total fuel consumption by 2030 – a key component in achieving net zero carbon emissions by 2050.
