ASB Biodiesel, a joint venture between Al Salam Bank-Bahrain and a group of Gulf-based financial institutions, has launched its new $165 million waste-to-biodiesel plant in Hong Kong.
A dynamic, diversified and differentiated Islamic lender, Al Salam Bank-Bahrain said the new plant is capable of processing waste oils into 100,000 tons of biodiesel annually.
The new plant is operated by ASB Biodiesel, a Hong Kong-based company that has Abdulla Hassan Saif, HRH Premier’s Advisor for Economic Affairs, as its chairman. It is owned by various investors led by Al Salam Bank - Bahrain.
Hong Kong Financial Secretary John Tsang Chun-wah officially opened the plant by unveiling a plaque at the launch ceremony.
Speaking at the launch, Hassan Saif said: “We are very pleased that we could open this plant in Hong Kong, which offers the ideal population density to support waste collection and recycling, a well-developed regulatory and business environment, and proximity to the mainland Chinese market.”
The biodiesel plant collects waste cooking oil and up to 550 ton of grease trap waste per day, then processes the waste using advanced, multi-feedstock technology from Austrian designer BDI Bioenergy International.
“We thank the Hong Kong Government, and its related constituent administrative divisions, for supporting the viability and completion of this project,” he added.
Al Salam opens biodiesel plant in Hong Kong
最多人阅读
-
![The Transmutation Principle team in Singapore.]()
新闻 / 企业社会责任
Singapore sustainability consultancy scales back
The Transmutation Principle CEO Thibaut Meurgue-Guyard cites ESG backlash, corporate retreat from decarbonisation and burnout among sustainability professionals … -
![EDC podcast]()
播客 / 能源
Geothermal is no longer an underdog technology, but a strategic advantage for the Philippines
EB工作室 Critical to the country’s energy security in the 1970s, geothermal is now re-emerging as the Philippines’ biggest clean … -
![A man using a digital device]()
Even as AI tools promise major efficiency gains for grids and industry, the energy sector is struggling to … -
![Extreme_Heat_Pedestrians_Delhi_India]()
Rising temperatures and climate risks are driving cancellations, off-peak trips and a shift toward cooler, less crowded destinations … -
![Panel on SME decarbonisation]()
As conflict in the Middle East drives energy prices up, Singapore's smaller firms should adopt technologies that lower … -
![Mekong_Farmer_Vietnam]()
The Mekong Delta is sinking. Projections indicate that 90 per cent of this life-sustaining landform could disappear by …
