Hong Kong commerce secretary Gregory So tours new biodiesel plant
Photo: ASB Biodiesel (Hong Kong) Ltd.
October 11, 2013
BY Hong Kong Commerce & Economic Development Bureau
Hong Kong’s Secretary for Commerce and Economic Development, Gregory So, visited the new biodiesel plant of ASB Biodiesel (Hong Kong) Ltd in Tseung Kwan O Industrial Estate Oct. 10. The 100,000 ton per year (30 MMgy) plant is the 3,000th investment project completed by Invest Hong Kong (InvestHK), and its first from Bahrain.
So congratulated the company on setting up its new plant in Hong Kong and expressed his appreciation for its vote of confidence by choosing Hong Kong for investment.
With the CEO of ASB Biodiesel (Hong Kong) Ltd, Anthony Dixon, So toured the plant's advanced facilities, which occupy a total space of 18,000 square meters. The ASB Biodiesel plant is not only the largest biodiesel plant in Hong Kong, but also the first in Asia to make use of advanced multifeedstock technology to transform waste into biodiesel.
So was pleased to note the significant number of job opportunities created during the construction and the operation of the plant. He is confident that the company will find many new commercial opportunities through investments in environmental services and infrastructure in Hong Kong.
Advertisement
“With Hong Kong's unique business advantages and our status as a free port, we provide an ideal platform for ASB Biodiesel to operate successfully, and a great place to showcase its innovative business model to other cities around the region,” said So. “The government is committed to supporting investments in green technology in Hong Kong. We look forward to the many benefits that biodiesel will bring Hong Kong, including recycling some of our waste, improving our air quality and reducing our carbon intensity.”
He added that InvestHK would continue to work hard in assisting and supporting overseas and mainland companies to set up or expand their businesses in Hong Kong, bringing even more benefits to the local economy.
Advertisement
Related Stories
As the demand for fleet decarbonization continues to intensify, Optimus Technologies on April 22 announced the production launch of its latest Vector System, a fuel system technology that enables heavy-duty engines to operate on B100.
The Minnesota Pollution Control Agency on April 22 announced it has awarded a $75,000 grant to University of Minnesota’s Forever Green Initiative, which intends to make camelina a crop of the future that will help the state develop a SAF industry.
Aemetis Inc. has announced that its subsidiary in India, Universal Biofuels, on April 24 began shipments to fulfill multiple orders for more than 33,000 kiloliters of biodiesel from the government-owned oil marketing companies.
Valero Energy Corp. released Q1 financial results on April 24, reporting that a tough margin environment negatively impacted the company’s renewable diesel operations during the three-month period. Valero’s ethanol segment was profitable.
Mammoet on April 23 announced that it will be implementing HVO fuel across the Netherlands, U.K. and Canada. The investment in HVO was driven by higher demand from lower carbon solutions from the company’s customers.
Upcoming Events
