HSBC Hong Kong, Cathay Pacific Airways (293) and Eslite have announced that HSBC will purchase approximately 3,400 metric tons of sustainable aviation fuel for refueling Cathay Pacific flights departing from Hong Kong International Airport. The purchase is expected to reduce carbon emissions by up to 90% compared to conventional aviation fuels, and promote the development of sustainable aviation fuels in Hong Kong.
HSBC Hong Kong has signed a one-off purchase agreement for approximately 3,400 metric tons of sustainable aviation fuel produced by Eslite for use in refueling Cathay Pacific flights departing from Hong Kong International Airport. According to the International Sustainability and Carbon Certification (ISCC), Eastlake’s sustainable aviation fuel is produced 100% from biomass waste and is estimated to reduce carbon emissions by up to 90% compared to conventional aviation fuel.
Notably, the sustainable jet fuel is produced from waste cooking oil from a traceable source, which is estimated to reduce lifecycle carbon emissions by approximately 11,800 metric tons compared to the same amount of conventional jet fuel, equivalent to approximately 10,000 Economy Class journeys on a round-trip Cathay Pacific flight between Hong Kong and London.