Sustainable Aviation Fuel Market

Neste (Finland) and Fulcrum Bioenergy (US) are Leading Players in the Sustainable Aviation Fuel Market

Sustainable aviation fuel (SAF) are defined as bio-based and synthetic-based aviation fuels that reduce greenhouse gas emissions relative to conventional aviation fuel. It is an alternative to conventional jet fuel  produced from chemical reactions from various feedstocks, both biological & synthetic, such as agricultural residues, forestry residues, waste, algae, cooking oil, plant oils, tallow, sugarcane, molasses, corn, energy crops, and renewable energy among others. The sustainable aviation fuel market is projected to grow from USD 219 million in 2021 to USD 15,716 million by 2030, at a CAGR of 60.8% during the forecast period. This growth can be attributed to the increasing need for reduction of greenhouse gas (GHG) emissions from the aviation industry. In addition, the increase in the air passengers’ traffic will lead to growing concerns for the reduction of carbon footprint from the aviation industry and in turn drive the market for alternative solutions such as biojet fuels, e-fuels, hydrogen fuels, advanced biojet fuels, technology improvements, hybrid propulsion, and among others.

Contracts, agreements, investments, new product launches and acquisitions are among some of the key strategies adopted by the leading market players and various stakeholders to strengthen and sustain their position in the sustainable aviation fuel market. For instance, In December 2019, Neste signed an agreement with KLM to supply its SAF for the flights from Amsterdam Airport Schiphol. This agreement allowed Neste to join KLM’s corporate biofuel program that aims to reduce CO2 emissions of business travel on KLM flights by 100%. In July 2020, Air BP entered into an agreement with Airbus to supply sustainable aviation fuel. The renewable jet fuel will be used in two Air Transat A321LR destined for Montreal, Canada, from Airbus’s facility at Hamburg Finkenwerder Airport. Air BP established a supply route, including transportation and storage facilities at the airport.

To know about the assumptions considered for the study download the pdf brochure

Major players operating in the sustainable aviation fuel market include Neste (Finland), Fulcrum  Bioenergy (US), LanzaTech (US), World Energy (US), Total Energies (France), among others. These key players offer various products and services in order to curb the GHG emissions from the aviation and other industrial sectors such as automotive, marine, chemical, etc. These leading players have well-equipped manufacturing facilities and strong distribution networks across North America, Europe, and Asia Pacific, and Middle East.

Neste, a Finland-based company, is among the leading players in the production of renewable energy resources across various aviation sectors such as fuel distributors, airlines, airports, and fixed-based operators, among others. The company has collaborated and partnered with various small- and large-scale distributors, suppliers, and consumers of sustainable aviation fuel to cater to the high demand and meet the stringent standards of reduction in carbon footprints from the aviation sector. The company is also involved in the development of technological processes and pathways, which can be utilized for the production of sustainable aviation fuel comprising high blend capacity and high fuel efficiency providing the economic benefits to the OEMs, airlines, and airports. In January 2020, Neste collaborated with Jet Aviation to supply its renewable jet fuel to Zurich airport during the world economic forum 2020 in Davos, Switzerland.

TotalEnergies is a multinational integrated oil & gas company located in France. The company produces and markets fuels, natural gas, and electricity. The company supplies to transportation, automation, aerospace, energy, housing, and manufaTotalEnergies is a multinational integrated oil & gas company located in France. The company produces and markets fuels, natural gas, and electricity. The company supplies to the transportation, automation, aerospace, energy, housing, and manufacturing industries. TotalEnergies produces SAF at its La Mède biorefinery in Southern France. The company produces SAF from used cooking oils, animal fats, and other waste sourced from the circular economy during industries. TotalEnergies produces SAF at its La Mède biorefinery in Southern France. The company produces SAF from used cooking oils, animal fats, and other waste sourced from the circular economy.

Fulcrum BioEnergy, an American-based company, is a leading pioneer in producing low-carbon sustainable aviation fuels through renewable feedstocks to reduce carbon emissions from the aviation industry. The company has entered into agreements that provide long-term access to MSW feedstock, totaling about 4% of the garbage landfilled annually in the US, and is actively developing projects that will have the capacity to produce hundreds of millions of gallons of low-cost, low-carbon transportation fuel across North America. In September 2018, Fulcrum BioEnergy partnered with a consortium led by Marubeni Corporation, which also includes Japan Airlines Co. Ltd (JAL) and the Japan Overseas Infrastructure Investment Corporation for Transport & Urban Development (JOIN). The strategic partnership includes an international project development agreement, project license agreement, jet fuel offtake agreement, and an equity investment in Fulcrum.

LanzaJet is a sustainable fuels producer located in the US and a subsidiary of LanzaTech. LanzaJet, along with being a fuels producer, also provides SAF technology. LanzaJet produces renewable fuels and sustainable aviation fuels from multiple sources like biomass residues, municipal solid waste, and industrial waste gases

World Energy is a biofuel producer and distributor located in the US. World Energy produces biodiesel, RINs, glycerin, fatty acids, renewable diesel, and SAF. World Energy. World Energy operates seven production plants and has eleven distribution sites spread throughout the US and Canada

Related Reports:

Sustainable Aviation Fuel Market by Fuel Type (Biofuel, Hydrogen Fuel, Power to Liquid Fuel, Gas to Liquid), Biofuel Manufacturing Technology (FT-SPK, HEFA-SPK, ATJ-SPK, HFS-SIP, CHJ), Biofuel Blending Capacity, Platform, Region - Global Forecast to 2030

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]

Sustainable Aviation Fuel Market Size,  Share & Growth Report
Report Code
AS 7756
RI Published ON
2/2/2022
Choose License Type
BUY NOW
ADJACENT MARKETS
REQUEST BUNDLE REPORTS
GET A FREE SAMPLE

This FREE sample includes market data points, ranging from trend analyses to market estimates & forecasts. See for yourself.

SEND ME A FREE SAMPLE
+1-888-600-6441
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
CONNECT WITH US
ABOUT TRUST ONLINE
©2022 MarketsandMarkets Research Private Ltd. All rights reserved
DMCA.com Protection Status