HSBC Hong Kong has partnered with Cathay Pacific and EcoCeres to promote sustainable aviation fuel (SAF) in a significant initiative aimed at decarbonising air travel. The collaboration involves a one-time purchase agreement for approximately 3,400 metric tonnes of SAF derived from 100% waste-based biomass feedstock, primarily used cooking oil, which is expected to reduce greenhouse gas emissions by up to 90% compared to conventional jet fuel. This initiative will result in a lifecycle carbon emissions reduction of around 11,800 metric tonnes, equivalent to the emissions from 10,000 roundtrip Economy class flights between Hong Kong and London. The partnership was officially launched with key figures from the Hong Kong government and industry present, emphasizing its alignment with the city's green objectives and future SAF usage targets. HSBC's CEO, Luanne Lim, highlighted that this marks the bank's largest SAF purchase to date and represents a pilot program for broader implementation. This effort aligns with the goals of Cathay Pacific and the Hong Kong government to establish the city as a regional SAF hub.