Core Insights - The aviation industry is taking significant steps towards carbon neutrality through the development of sustainable aviation fuel (SAF) derived from waste cooking oil, marking a crucial advancement in reducing carbon emissions [1][2]. Group 1: Sustainable Aviation Fuel Development - A project named "Key Technologies and Pilot Testing for Sustainable Aviation Fuel" was launched, successfully converting waste cooking oil into a new type of SAF with full blending characteristics [1]. - The project is expected to enhance SAF production capacity by approximately 1 million tons annually and reduce carbon dioxide emissions by about 2 million tons, translating to a cost reduction of around 10 billion yuan for the aviation industry [1]. Group 2: Future Development Phases - The Shanghai Airport Group has outlined a three-phase development path for sustainable fuel, with the second phase focusing on capturing carbon dioxide directly from the air and coupling it with hydrogen production through water electrolysis [2]. - The third phase aims to utilize offshore wind energy and advanced technologies to create a nearly limitless supply of green fuel, addressing both carbon and energy source challenges [2]. Group 3: Strategic Vision - The Shanghai Airport Group emphasizes innovation as a driving force in contributing to the global green aviation system and aims to support China's ambition to become a major player in the green oil sector [3].