EcoCeres Renewable Fuels invest in sustainable aviation fuel plant

China-based EcoCeres, through its unit EcoCeres Renewable Fuels Sdn Bhd, is investing RM1 billion to set up a sustainable aviation fuel (SAF) production facility in Pasir Gudang, Johor.

The project is expected to be fully completed by the end of 2024 and would create more than 260 new job opportunities for the locals. The company is set to produce SAF and hydro-treated vegetable oil (HVO).