Oct. 23 (Bloomberg) -- ASB Biodiesel (Hong Kong) Ltd., a manufacturer of biodiesel from waste cooking oil, said it plans to source used oil locally and from countries in Southeast Asia to feed a new $165 million plant.
The Hong Kong plant, opened today, can produce 100,000 metric tons of biodiesel a year from waste cooking oil, the company said in a statement. That would offset 257,000 tons of carbon dioxide emissions, or 3.6 percent of the city’s annual emissions, it said.
“The biodiesel produced by the plant can be blended with fossil diesel fuel, with enough capacity existing to provide every diesel vehicle on the road in Hong Kong with a 10 percent biodiesel blend,” Chairman Abdulla Saif said at the plant.
ASB Biodiesel collects cooking oil and as much as 550 tons of grease waste a day from around 4,000 local restaurants including outlets of Maxim’s Caterers Ltd. and Cafe De Coral Holdings Ltd. to feed the plant, Saif said. It will get about 20 percent of its waste oil from Hong Kong initially, rising to around 45 percent, and will also import waste oil from countries including Singapore and Malaysia, said Chief Executive Officer Anthony Dixon.
--Editors: Madelene Pearson, Jason Rogers