A biofuel company backed by the family office of tycoon Peter Lee Ka-kit will invest HK$10 billion (US$1.3 billion) in sustainable aviation fuel (SAF) production plants in the Greater Bay Area, a project that Hong Kong’s leader has hailed as a “milestone” collaboration between the city and mainland China. EcoCeres, a Hong Kong-based renewable fuel producer backed by the tycoon – who is also chairman of Henderson Land Development and chairman of Towngas – unveiled on Tuesday plans to build an SAF