Hong Kong‑based EcoCeres is gearing up to announce a third sustainable aviation fuel (SAF) refinery as Middle East crude disruptions push jet‑fuel prices higher. CEO Matti Lievonen told the FT the new plant would keep the company’s market share and could lift capacity to meet rising demand in the Asia‑Canada corridor within roughly two‑and‑a‑half years after approval. Expansion follows bio‑refinery openings in China and Malaysia.

Conventional jet fuel has more than doubled since February, narrowing the gap with SAF to its lowest level ever, yet renewable fuel still commands about a 60 % premium. Airlines face higher fuel surcharges or route cuts, while European mandates and a pending Singapore levy create regulatory headwinds. Some buyers have paused SAF tenders, fearing volatile market conditions in the short term.

Environmental groups have sued to block BP’s $5bn Kaskida deep‑water project, arguing the Interior Department approved it with missing or flawed data. The Gulf development targets roughly 275 million barrels of recoverable resources and would employ 20K drilling technology. BP maintains confidence in safety standards, but the litigation underscores rising scrutiny of offshore expansion amid higher fuel prices, a pressure point for the industry.