The agreement was shared via CNAF’s official WeChat platform, though specific financial details were not disclosed. Henan Junheng, located in Puyang, Henan province, is among China’s pioneering commercial SAF refiners. The company specializes in converting used cooking oil (UCO) into sustainable aviation fuel. China is the world’s largest producer of UCO, providing a strong resource base for such initiatives. Junheng is currently expanding its SAF plant, which has a capacity of 400,000 metric tons per year, with plans to increase production to one million metric tons annually by June 2026.
This follows CNAF’s recent strategic investment in another SAF facility in eastern China, managed by Zhejiang Jiaao Enprotech. In that deal, CNAF acquired a 10% stake for approximately 261 million yuan ($36.35 million), as noted in a Jiaao stock filing.
China, the world’s second-largest aviation fuel market, has been actively exploring SAF integration. In September last year, a pilot program introduced SAF for select domestic flights departing from airports in Beijing, Chengdu, Zhengzhou, and Ningbo. By March, this initiative expanded to include all domestic flights from these airports, marking a significant step in promoting sustainable aviation practices.
CNAF’s investments reflect growing efforts to advance environmentally friendly fuel options within China’s aviation sector, aligning with global trends toward reducing carbon emissions in air travel.
