SK Energy supplies SAF to Hong Kong’s Cathay airline

The company will supply 20,000 tons of sustainable aviation fuel to the company, becoming the first Korean refinery supplying to a Hong Kong-based airline.

SK Energy is set to become the first Korean refinery to supply a large quantity of sustainable aviation fuel (SAF) to a Hong Kong-based airline. 

Following its successful SAF export to Europe in January, this achievement is expected to serve as a key steppingstone for the company to secure a leading position in the Asia-Pacific SAF market. The Korean energy player signed a contract with Cathay, the home carrier of Hong Kong, to supply 20,000 tons of SAF until 2027.

“We will closely monitor changes in SAF policies and market dynamics both domestically and abroad. By collaborating with Cathay Pacific and other partners, we aim to build a stable global SAF supply chain,” stated Lee Young-chul, Head of SK Energy’s Marketing Division.

Currently, the Asia-Pacific region accounts for over 80% of the company’s export volume, making it its largest and most strategic market.

Hong Kong International Airport ranked fifth globally in passenger numbers last year and serves as a key transit hub in the Asia-Pacific region. Leveraging this strategic export to Hong Kong, SK Energy aims to accelerate its efforts to capture the SAF market in the Asia-Pacific region.