Chinese biofuel refiner Zhejiang Jiaao exports first SAF shipment
Zhejiang Jiaao Enprotech Stock Co Ltd
SINGAPORE, May 7 (Reuters) - China's Zhejiang Jiaao Enprotech (603822.SS), opens new tab said on Wednesday its east China-based subsidiary biofuel plant exported its first cargo of sustainable aviation fuel of 13,400 metric tons.
The export came shortly after the company won an export license for the low-carbon aviation fuel for 2025, Jiaao said in a stock filing.
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The company did not say what was the cargo's destination, but multiple trade sources have said it was bought by a Western trader and will be heading to Europe.
The cargo was likely loaded on to vessel Solar Cheryl, two trade sources said, with one adding that it was loaded on May 1-2.
Solar Cheryl's end destination is Spain for now, data from tracker Vortexa and one shipbroking source showed.
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