If you’ve never eaten hot pot, you’re totally missing out. Not only is it delicious, but it’s also a great meal to share with friends or family. But it also creates a lot oil waste. In fact, hot pot is said to be the cause of 12,000 tons of waste oil every month in China alone Chengdu alone. Instead of getting rid of that oil, a startup decided to turn it into jet fuel.
Bloomberg recently published a great article About Sichuan Jinshang Environmental Technology, the startup started exporting hot pot waste oil to turn into biofuel that could power airplanes. It’s not exactly a solution to the greenhouse gas emissions that aviation is responsible for, but it’s a step in the right direction. Zhong Guojun, vice president of the company, said: “Our mission is to make the gutter oil soar into the sky. Bloomberg.
Headquartered in Chengdu, Sichuan Jinshang Environmental Technology Co., Ltd. takes waste oil from around the city and refines it into what’s known as industrial mixed oil. The refined oil is then exported to be turned into jet fuel or biodiesel by companies like BP or Neste Oyj, the largest producer of sustainable jet fuel in the world. And with new requirements for airlines to use more biofuel in their planes, there is a lot of demand despite the fact that it is still more expensive than conventional jet fuel.
“When there is demand, supply will catch up and demand is already here,” said Chong Cheng Tung, Associate Professor at the China-UK Low Carbon College, Shanghai Jiao Tong University. Bloomberg. “So either you switch your fuels to green fuels, such as bio-jet fuels, or you pay a lot of premiums for commuting.”
Last year, Neste announced plans to spend more than $2 billion to expand its capacity to produce sustainable jet fuels. By 2026, they hope to be able to produce 1.2 million tons of the substance. Other companies like Chevron, BP and TotalEnergies are producing it on a smaller scale but also plan to increase their output soon.
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The entire article is a fascinating read, so you should definitely check it out here.
