Haixin Energy-Tech(300072)2025-02-14 08:34Group 1: Company Overview and Project Progress - Beijing Hai New Energy Technology Co., Ltd. is actively advancing its 200,000 tons/year bio-jet fuel project in Shandong, with major equipment installation completed and expected to commence production in Q2 2025, adding approximately 200,000 tons of bio-jet fuel annually [2][3]. Group 2: Industry Policy and Market Trends - The ReFuelEU regulation mandates a gradual increase in sustainable aviation fuel (SAF) usage in the EU, starting at 2% in 2025 and reaching 70% by 2050 [4]. - The UK has implemented a similar SAF policy, beginning with a 2% requirement in 2025, increasing to 10% by 2030, and 22% by 2040 [4]. - China initiated a pilot program for bio-jet fuel in September 2024, with major airlines participating and a focus on safety and quality standards [5]. Group 3: Technological Innovation and R&D - The company aims to enhance production efficiency through practical innovation, focusing on raw material pre-treatment, catalyst development, and production process optimization [6][7]. - Collaboration with universities and research institutions is emphasized to foster joint R&D and technology introduction [7]. Group 4: Strategic Development and Future Plans - The company plans to leverage its state-owned enterprise advantages and government support to drive bioenergy standards and supply chain development [8]. - Over the next three years, the company aims to become a world-class green energy supplier, focusing on core bioenergy sectors and enhancing its competitive edge in catalyst purification [9]. - The company will explore mergers and acquisitions to expand its bioenergy business and optimize its capital structure in response to market changes [10].