USD 165 Million Investment: 100,000-Tonne-per-Year Alcohol-to-Jet SAF Project Lands in Heilongjiang

On 31 October, Jiaze Renewables Corporation Limited (601619.SH) released a corporate announcement. Its subsidiary Heilongjiang Jiarun Pengyuan Green Sustainable Fuel Co., Ltd.plans to invest in a 100,000-tonne-per-year alcohol-to-jet (AtJ) Sustainable Aviation Fuel (SAF) production project in Jixi City, Heilongjiang Province. The total estimated investment is approximately RMB 1.2 billion (RMB 1,201,366,000, with the final amount subject to actual construction expenditure).

Project Overview

Investment Category: New project development

Project Name: 100,000-Tonne-per-Year Alcohol-to-Jet Sustainable Aviation Fuel (SAF) Production Project, Jixi City, Heilongjiang Province

Project Description: The facility will use non-food biomass-based ethanol and green methanol as feedstocks. Key outputs include Sustainable Aviation Fuel (SAF), mixed C4, C6, C8 and C12 hydrocarbons, and renewable diesel (HVO).

Location: Chemical Industrial Park, Jidong Economic Development Zone, Jixi City, Heilongjiang Province

Total Investment: Approximately RMB 1.2 billion (RMB 1,201,366,000; final amount subject to actual construction expenditure)

Construction Period: Around 24 months

The project will be implemented by Heilongjiang Jiarun Pengyuan Green Sustainable Fuel Co., Ltd., a wholly owned subsidiary of Shanghai Jiayi Rongyuan Energy Chemical Co., Ltd., which is in turn a majority-held subsidiary of Jiaze Renewables Corporation Limited.

Funding will come from corporate internal resources and financing from financial institutions. Capital will be injected in phased tranches in line with project progress. Per the investment agreement, construction is scheduled to start in early April 2027, with 100,000-tonne-per-year green aviation fuel capacity in place by the end of June 2028.

Short News Teaser

Chinese listed firm Jiaze Renewables will invest approximately RMB 1.2 billion (about USD 165 million) in a 100,000-tonne-per-year alcohol-to-jet SAF plant in Heilongjiang. Using non-food biomass ethanol and green methanol as feedstocks, the plant will also produce renewable diesel (HVO) and hydrocarbon by-products. Construction is scheduled to begin in April 2027, with full capacity targeted by June 2028.