Canada SAF Market

SAF Market Growth in Canada

Innovation is focused on lowering carbon footprint and driving growth in Canada.

Through targeted initiatives and strategic investments, Canada will take an essential stride in its sustainable aviation fuel. The challenge led by the government is "Sky's the Limit," which seeks to encourage innovation in producing SAF. This program includes two competitions: the first will provide four companies with USD 2 million each to develop innovative solutions for SAF production, with a grand prize of USD 5 million for the winning project. The second is a cross-Canada flight challenge, emphasizing the revolutionary potential of SAF for the aviation industry.

 

SAF Market Growth in Canada

Western Economic Diversification Canada has also invested USD 1.6 million in the Forge Hydrocarbon project, which is focused on scaling up SAF's production and delivery capabilities. A further notable USD 2.89 million is spent on bio jet technology at the University of Alberta, using LTH to produce sustainable fuels. All these initiatives show the government's interest in a healthy environment for SAF development.

Private sector investments also contribute to advancing Canada's SAF industry. Air Canada, for example, has invested USD 50 million into developing sustainable aviation fuel technologies. Another significant milestone is the announcement by the SAF+ Consortium of the first power-to-liquid (PtL) SAF production facility in North America. Airbus has also joined the SAF+ Consortium through a memorandum of understanding (MoU) to produce and develop SAF, indicating strong collaboration between industry leaders.

Canada's great efforts towards SAF development indicate its interest in mitigating aviation emissions and contributing to a sustainable aviation industry. Governments, academia, and the private sector are working in close synergy to create a pathway to achieving an aircraft-driven, environmentally friendlier aviation future, paving the way for other countries that plan to shift to cleaner fuel solutions in their transition.

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Sustainable Aviation Fuel (Biofuel) Market Size,  Share & Growth Report
Report Code
AS 7756
PR Published ON
12/17/2024
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