ASB Biodiesel

Al Salam invests in Hong Kong plant

Al Salam Bank Bahrain has led investment into a new waste-to-biodiesel plant in Hong Kong. The plant is operated by ASB Biodiesel, a Hong Kong-based company under the chairmanship of HRH. It is capable of processing waste oils into 100,000 tonnes of biodiesel annually. The construction cost of the plant was $165 million. Specifically, ASB Biodiesel collects waste cooking oil and up to 550 tonnes of grease trap waste per day, then processes the waste using multi-feedstock technology from Austrian designer BDI Bioenergy International.

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