#Aviation Biofuels Market in USA

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North America’s Sustainable Aviation Fuel Market: Key Trends Driving the Transition to Greener Aviation - UnivDatos

According to a new report by UnivDatos Market Insights, the North America Sustainable Aviation Fuel Market is expected to reach USD 13,794.21 million by 2032, growing at a CAGR of 32.8%. The North American sustainable aviation fuel (SAF) market has witnessed a remarkable surge in recent years, driven by the growing demand for environmentally friendly air travel. As airlines and passengers prioritize reducing carbon footprints, adopting SAF has become a crucial strategy to address the aviation industry's environmental impact.

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“SURGING DEMAND FOR SUSTAINABLE AIR TRAVEL”

As the global community strives to find ways to reduce CO2 emissions and fight climate change, the air transport sector has its challenges and prospects. To this end, North America has scaled up its efforts towards SAF as the region benefits from supportive energy policies and associations supporting environmentally sustainable aviation. The Inflation Reduction Act of 2022: This piece of legislation represented a significant change in approach by providing tax incentives to encourage the manufacture and consumption of SAFs. This can be true, and, in some cases, it gives a tax credit of up to USD 1. 1. 0.75 per gallon for SAF that attains a minimum reduction of well-to-wheels GHG emissions by 50% relative to conventional jet fuel. It is essential to address what has been described as the high cost of manufacturing biofuels to a level that may create an incentive to fund and develop SAF.

"GROWING GOVERNMENT INITIATIVES AND INCENTIVES"

Governments across North America have not remained idle on this issue and have made policies and incentives for SAF production and usage. In the USA, the Sustainable Aviation Fuel Grand Challenge—2021 initiative, intended to reach a minimum of 3 billion gallons of SAF per year by the end of 2030, is underway. Also, SAF has received specific attention in the Inflation Reduction Act, approved in 2022, which provides tax credits and other fiscal enablers encouraging the adoption of SAF. For instance, the FAA introduced the Aviation Climate Research (ACR) program in the FY22 Presidential Budget Request for the FAA at a proposed USD 50M. The ACR program will invest in research that has a transformative impact potential to reduce greenhouse gas emissions from aviation in support of the U.S. climate change goals. The US Department of Energy has also invested in several projects focused on developing and commercializing SAF technologies, which has further created awareness among the users and created the demand for SAF in the region. For instance, DOE, working collaboratively with NASA, is investing USD 115M to develop battery technologies that can achieve the energy density needed for both near-term electric vertical take-off and landing and short-range consumer aircraft use cases and may potentially achieve the energy density required for long term longer range electric aircraft as well.

"PRIVATE PLAYERS AND UPCOMING PROJECTS"

Several private companies are investing in SAF technologies and production facilities, driving the market's growth. Some notable instances include:

·         Red Rock Biofuels: In 2022, Red Rock Biofuels, a California-based company, announced the construction of an SAF production facility in Oregon, with a capacity of 17 million gallons per year.

·         Gevo: In 2023, Gevo, a Colorado-based company, announced a partnership with NATO's Allied Command to develop and supply SAF to the military sector.

·         United Airlines: In 2022, United Airlines announced a partnership with Dimensional Energy, a New York-based company, to develop and commercialize SAF technologies.

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"CONCLUSION"

With rising consciousness of decarbonization within the aviation industry, supporting authorities and private organizations, and funding from authorities, the North American SAF market is ready for exponential development. Thus, the significant importance of developing the SAF market can be noted as the region's focus on reducing greenhouse gas emissions is becoming increasingly important. Unrelenting pursuits in investment and technological advancement have positioned the SAF market for even higher growth in the future to avert climate change.

[sangamswami]

Sustainable Aviation Fuel Market Analysis: Navigating Growth Trends and Industry Dynamics

The Sustainable Aviation Fuel (SAF) Market is poised for significant expansion, with projections indicating remarkable growth from USD 1.1 billion in 2023 to USD 16.8 billion by 2030, boasting a formidable CAGR of 47.7%. This comprehensive report delves into market statistics, size, trends, and industry dynamics, providing insights into the evolving landscape of sustainable aviation fuels.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=70301163 Driven by heightened global awareness of climate change and the imperative to reduce carbon emissions, the SAF market is witnessing substantial growth. Airlines are increasingly adopting SAF as a cleaner alternative to traditional jet fuels, supported by regulatory initiatives and collaborations among stakeholders. Investments in research and development, coupled with advancements in feedstock technologies, contribute significantly to market expansion, fostering a more sustainable future for air travel. Climate Change Imperative: Growing awareness of climate change compels airlines to embrace SAF as a cleaner alternative to conventional jet fuels. Regulatory Initiatives: Regulatory mandates, including those from the International Civil Aviation Organization (ICAO) and governments, accelerate market expansion. Technological Advancements: Investments in R&D enhance SAF production efficiency, driving market growth. Biofuel Dominance: Biofuels lead the SAF market, buoyed by their eco-friendly nature, technological advancements, and regulatory support. UAV Adoption: The unmanned aerial vehicles (UAVs) segment witnesses’ significant growth, driven by increasing adoption for various applications and emphasis on environmental sustainability. Middle East Growth: Strategic investments in renewable energy and a commitment to sustainable aviation propel the Middle East SAF market. The biofuel segment is anticipated to secure a larger market share, driven by its eco-friendly nature, technological advancements, regulatory support, and increased investments. The unmanned aerial vehicles (UAVs) segment is projected to witness the highest CAGR, fueled by increasing adoption and emphasis on environmental sustainability. The Middle East anticipates a higher SAF market CAGR, driven by strategic investments in renewable energy and a commitment to sustainable aviation. Leading players such as Neste, World Energy, Total Energies, LanzaTech, and Fulcrum BioEnergy dominate the SAF market, spreading their business across various regions globally. As the aviation industry charts a course towards sustainability, the adoption of SAF emerges as a pivotal strategy in combating climate change and reducing carbon emissions. Inquiry Before Buying: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=70301163 With regulatory support, technological advancements, and collaborative efforts, the SAF market presents significant growth opportunities, paving the way for a greener and more sustainable future for air travel. As stakeholders continue to prioritize environmental sustainability, investments in SAF production, infrastructure, and innovation are poised to accelerate, driving the industry towards a cleaner, more efficient, and sustainable aviation ecosystem.Top of Form

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Sustainable Aviation Fuel Market Current Trends, Production Analysis, Product Types & End-user breakdown

The global Sustainable Aviation Fuel Market size is projected to grow from an estimated USD 66 million in 2020 to USD 15,307 million by 2030, at a CAGR of 72.4% during the forecast period. The increasing need for reduction in greenhouse gas emissions, increasing air passenger traffic, and high fuel efficiency of biofuels are some of the key factors driving the sustainable aviation fuel market. The government initiatives such as tax reductions on the use of green and clean aviation fuels will drive the growth of sustainable aviation fuel in the future.

By type, the sustainable aviation fuel market has been segmented into biofuel, hydrogen fuel, and power-to-liquid. The biofuel segment is estimated to account for the largest share during the forecast period. Achieving the GHG emissions reduction targets proposed by the aviation industry and by organizations such as the International Civil Aviation Organization (ICAO) will require a significant increase in biofuel production and consumption, thus driving the market. In addition, drop-in capability with no changes in infrastructure of aircraft drives demand for biofuel.

“Based on biofuel manufacturing technology, the hydroprocessed fatty acid esters and fatty acids - synthetic paraffinic kerosene (HEFA-SPK) segment is projected to lead the sustainable aviation fuel market during the forecast period”

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By biofuel manufacturing technology, the sustainable aviation fuel market is segmented into Hydroprocessed Fatty Acid Esters and Fatty Acids - Synthetic Paraffinic Kerosene (HEFA-SPK), Fischer Tropsch Synthetic Paraffinic Kerosene (FT-SPK), Synthetic Iso-paraffin from Fermented Hydroprocessed Sugar (HFS-SIP), Fischer Tropsch (FT) Synthetic Paraffinic Kerosene with Aromatics (FT-SPK/A), Alcohol to Jet SPK (ATJ-SPK), and Catalytic Hydrothermolysis Jet (CHJ). Hydroprocessed Fatty Acid Esters and Fatty Acids - Synthetic Paraffinic Kerosene (HEFA-SPK). Hydroprocessed Fatty Acid Esters and Fatty Acids - Synthetic Paraffinic Kerosene (HEFA-SPK) is projected to lead the sustainable aviation fuel market during the forecast period. This growth can be attributed to the most commercially available biofuels produced are from this technology.

“Based on biofuel blending capacity, the 30% to 50% segment of the sustainable aviation fuel market is projected to grow at the highest CAGR during the forecast period”

Based on biofuel blending capacity, the sustainable aviation fuel market is segmented into below 30%, 30% to 50%, and above 50%. The 30% to 50% segment is projected to grow at the highest CAGR during the forecast period. The increasing concerns of the climate change will drive the demand for larger blending capacity of renewable jet fuel with the conventional jet fuel. There has been various initiatives taken by the airlines to test and implement the blended fuel in their aircraft fleet. For instance, in June 2019, United Airlines took a flight from Chicago O’Hare to Los Angeles, powered by a 30% blend of sustainable aviation fuel produced by World Energy. The blended fuel met the same fuel specifications as Jet A with additional environmental benefits.

“Based on platform, the military aviation segment of the sustainable aviation fuel market is projected to grow at the highest CAGR during the forecast period”

Based on platform, the sustainable aviation fuel market is segmented into commercial aviation, military aviation, business & general aviation, and unmanned aerial vehicle. The military aviation segment is projected to grow at the highest CAGR during the forecast period. The defense sector is expected to be the fastest-growing segment among the different platforms, owing to the increasing government focus on promoting bio-jet fuels in the defense/military sector, particularly in the US, the Netherlands, and India.

North America is projected to grow at the highest CAGR during the forecast period. The region is considered to have the largest number of aircraft fleet with a large number of passengers per year, leading to increase in aircraft emissions substantially. To cater to the need for reduction in carbon footprints due to increasing air traffic and air passengers, countries such as the US and Canada are focused on various initiatives to utilize sustainable aviation fuel. With supportive policies and initiatives to decarbonize aviation emissions, the North American market is deemed to be one of the strong demand centers for sustainable aviation fuel. The number of sustainable aviation fuel initiatives taken by countries within the region such as US and Canada are Commercial Aviation Alternative Fuel Initiative (CAAFI), Midwest Aviation Sustainable Biofuels Initiative (MASBI), and Canada’s Biojet Supply Chain Initiative, among others.

Major players operating in the renewable jet fuel market include Neste (Finland), Gevo (US), World Energy (US), Eni (Italy), SkyNRG (Netherlands), Fulcrum BioEnergy (US), Velocys (UK), and Aemetis, Inc. (US), among others. These key players offer various products and services such as biofuel, synthetic fuel, e-fuels, green fuel, and hydrogen fuel, in order to curb the GHG emissions from the aviation and other industrial sectors such as automotive, marine, chemical etc. The startup companies in the sustainable aviation fuel market include Red Rock Biofuels (US), SG Preston Company (US), Petrixo Oil & Gas (UAE), Sundrop Fuels, Inc. (US), Hypoint, Inc. (US), and ZeroAvia, Inc. (US). These startups are collaborating with various stakeholders of the aviation fuel industry to contribute towards the ambitious goals of GHG emission reductions from the aviation and other industrial sectors.

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.

Velocys, a UK-based company, is highly appreciated for its technological excellence and production efficiency in sustainable aviation fuel. The company is largely focused on the R&D activities of developing and producing sustainable aviation fuel on a commercial scale to cater to the demand for reducing carbon footprint from the aviation sector by 2050 in significantly huge levels. In May 2020, Velocys secured a USD 1.2 million funding for the Altalto waste-to-fuels project from British Airways PLC and Shell International Petroleum Company Limited under a Joint Development Agreement project.

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American Express Global Business Travel Forecasts Stable Air Prices in 2020

The Air Monitor 2020, published by American Express Global Business Travel (GBT), predicts that political and economic uncertainty across the globe will contribute to a continued slowdown in demand growth for air travel in 2020. Despite rising costs for oil, labour and infrastructure, fierce competition in the sector indicates that airlines will have minimal scope to raise fares. “While uncertainty looks to be a key theme in the coming year, in this report we see several factors likely to affect buyers of business air travel in 2020, such as airline retailing strategies, growing fare segmentation and increased focus on sustainability,” said Joakim Johansson, Vice President, Global Business Consulting at GBT. “With a range of changeable elements impacting corporate air programmes, it is important for buyers to equip themselves with the best available insights, data and advice, to support successful outcomes for their organisations.”

North America: Trade tensions continue to cause drag on economic growth across the continent, also impacting the Canadian economy. A large capacity increase means air fares within North America are predicted to rise by only 1.5% across both business and economy. Fares to European destinations could also increase, due to a reduction in capacity from Norwegian Air. However, Brexit uncertainty has the potential to dampen any rises. Meanwhile, political volatility in South America looks likely to cause a fall in fares of around 1%. Europe: Air Monitor 2020 forecasts that fares will remain flat, against a background of sluggish growth, with prices rising by less than 1% on flights within Europe. Airlines are under pressure on a number of fronts, with concerns about over-capacity, strong competition in the open aviation area, high regulatory costs and inefficient infrastructure. The flygskam (flight-shame) phenomenon has been most prevalent in Europe, driving increasing competition from rail routes. Asia Pacific: The region remains the growth engine of the global economy, but the gradual slowdown predicted in last year’s monitor will continue in 2020. Fares on flights within Asia are expected to rise by 2.9% in business class, and 1.8% in economy. The grounding of India’s Jet Airways has removed a significant chunk of capacity from the region, and this will see modest upwards pressure on some fares.

Air Industry Trends for 2020

Fare segmentation continues to grow as a way for carriers to simultaneously meet the different needs and budgets of their passengers and respond to the competitive challenge posed by low-cost carriers (LCCs). Fare segmentation (unbundling) is not limited to economy fares. Emirates recently became the first airline to offer unbundled business class fares, and other carriers may follow suit. The availability of cheaper business class seats could open up new opportunities for corporations in their negotiations with carriers. Low-cost, long-haul carriers have previously looked poised to have a major impact. However, except for those providing inter-regional services in Asia Pacific, long-haul LLCs have largely floundered. It’s a different story on short-haul routes where traditional LCCs continue to thrive, putting pressure on the mainline carriers. Airlines, regulators and travellers are taking a growing interest in sustainable travel. Many of the world’s largest airlines have already introduced, or are planning to introduce, carbon emission offsets or biofuel surcharges. Governments, especially in Europe, have introduced proposals to raise taxes on aviation, while reducing tax rates for alternative modes of transportation. See latest Travel News, Interviews, Podcasts and other news regarding: American Express, Trends, Forecast, Outlook. 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Global Liquid Biofuel Market : Industry Analysis and Forecast (2020-2027)

Global Liquid Biofuel Market was valued US$ XX Bn in 2019 and is expected to reach US$ XX Bn by 2027, at a CAGR of 10.8% during a forecast period.

Market Dynamics

The Research Report gives an in-depth account of the drivers and restraints in the liquid biofuel market. The key factors accrediting to the top and developing biofuel market growth are the recovery of these from biological processes and low-expenditure production process using any of oil-rich crops like oil palm, soy and sunflower. These plants are originated naturally in all the zones across the world, consequently, making biofuels the most environment-friendly energy to use. Most liquid fuels are derived from fossil fuels, though, there are many types, like hydrogen fuel for automotive uses, ethanol and biodiesel, which are also considered as a liquid fuel. Several liquid fuels play a main role in economy and transportation.

Ethanol is a biofuel with high octane number, which is manufactured by fermentation of grain, corn, beet, sugarcane, potatoes and vegetable residues. A strict government policy to lessen the carbon emission in their particular community is the key factor that drives the growth of global liquid biofuel market. Growing concerns of global warming owing to numerous pollutants that radiated from different industries, vehicles in large amount and domestic goods has also impelled the oil and gas corporations to manufacture eco-friendly liquid biofuels. This helps the global liquid biofuel market to show an astonishing growth during the forecast period. Explosive prices of crude oil are hindering the economy of several countries across the world. To overwhelmed such types of issues, the countries are developing cost-effective and less volatile fuels, which impels the growth of the market.

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Total production in the third quarter of 2019 was 30.0 Mn tonnes of oil equivalent to 1.8% lower in the third quarter of 2018. Renewable generation reached a record high in 2018 for the UK as a whole and in Scotland, Northern Ireland and England. This is largely the result of a 10 per cent rise in renewable capacity throughout the UK, from 40 GW at the end of 2017 to 44 GW at the end of 2018. Recent world oil demand amounts to about approximately 4000 Mn tonnes of oil equivalent (Mtoe), while the production of liquid biofuels amounts to 36 Mtoe representing less than 1% of this world demand. Advanced liquid biofuels, owing to their high specific energy, are particularly fascinating in the aviation sector. However, High retrofit costs are hindering the global liquid biofuel market.

The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis.

Global Liquid Biofuel Market Segment analysis

Based on Type, the Bioethanol segment is expected to grow at a CAGR of XX% during the forecast period. Bioethanol is a liquid biofuel that is manufactured through numerous different types of feedstock like soybeans, corn, woodchips, wheat straw, and more newly microalgae. Bioethanol is a renewable biofuel that is also oxygenated (35% oxygen), therefore given that the potential to lessen automobile emissions. Bioethanol can be directly used in vehicles and acts in a similar fashion to conventional fuels. Additionally, bioethanol has a high-octane rating that allows high engine compression ratios which upsurges engine efficacy and performance. As compared to conventional gasoline, the fuel has a low volumetric energy density which directly translates to vehicles requiring more bioethanol per kilometre (by as much as 50%) when compared to gasoline.

Based on Feedstock, the Sugar crops and vegetable oil segment collectively is expected to show fastest growth during the forecast period. This importance of the segment is credited to the demand for recycling the waste produced while manufacturing products that make sure sugar in it. Besides, the consumption of vegetable extract in different food items has also boosted the production of waste vegetable oil that can act as an effective biofuel.

Global Liquid Biofuel Market Regional analysis

The North America region has dominated the market with US$ XX Mn. As per the report by U.S. Biodiesel Plant Production Capacity of 2019, there are 102 active biodiesel plants operating in the U.S. with the capacity of 2.6 Bn gallons per year capacity. The U.S. is the world’s prominent producer of ethanol. It produced around 16 Bn gallons or approximately 60 billion litres of ethanol in 2018. Although biofuels account for just 1% of world fuel consumption, they are the subject of considerable global interest. As compared to conventional energy resources, mostly fossil fuels are becoming limited owing to a rapid global upsurge in demand. Approximately 85% of the liquid biofuels are nowadays produced in the form of bioethanol with the main producers being Brazil and the USA. Biodiesel production is basically concerted in the European Union.

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Asia-Pacific is anticipated to the fastest growth over the upcoming years because of the up surging demand for the automobiles. It is predicted to raise the demand for biofuels in the transportation industry. Additionally, increasing number of researchers with an understanding of the potential benefits, impact and risk associated to the production of biofuel are estimated to stimulus the market growth in this region.

The objective of the report is to present a comprehensive analysis of the Global Liquid Biofuel Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding Global Liquid Biofuel Market dynamics, structure by analysing the market segments and projects the Global Liquid Biofuel Market size. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Liquid Biofuel Market make the report investor’s guide. Scope of the Global Liquid Biofuel Market

Global Liquid Biofuel Market, By Type

• Bioethanol • Biodiesel Global Liquid Biofuel Market, By Feedstock

• Sugar Crops • Starch Crops • Vegetable Oils • Animal Fats • Others Global Liquid Biofuel Market, By Process

• Fermentation • Trans esterification • Others Global Liquid Biofuel Market, By Application

• Transportation • Power Generation • Heat Global Liquid Biofuel Market, By Region

• North America • Europe • Asia-Pacific • South America • Middle East and Africa (MEA) Key Players operating the Global Liquid Biofuel Market

• Aventine Renewable Energy Holdings Inc. • Solazyme Inc. • BlueFire Renewables • Raizen Energia Participacoes S.A • Australian Renewable Fuels Limited • Renewable Energy Group • Archer Daniel Midland • Royal DSM • Neste Oil • Renewable Energy Group • Louis Dreyfus Company • Novozymes • Future Fuel Corporation • Wilmar International Limited • Bunge Limited • Green Plain Renewable

MAJOR TOC OF THE REPORT

Chapter One: Liquid Biofuel Market Overview

Chapter Two: Manufacturers Profiles

Chapter Three: Global Liquid Biofuel Market Competition, by Players

Chapter Four: Global Liquid Biofuel Market Size by Regions

Chapter Five: North America Liquid Biofuel Revenue by Countries

Chapter Six: Europe Liquid Biofuel Revenue by Countries

Chapter Seven: Asia-Pacific Liquid Biofuel Revenue by Countries

Chapter Eight: South America Liquid Biofuel Revenue by Countries

Chapter Nine: Middle East and Africa Revenue Liquid Biofuel by Countries

Chapter Ten: Global Liquid Biofuel Market Segment by Type

Chapter Eleven: Global Liquid Biofuel Market Segment by Application

Chapter Twelve: Global Liquid Biofuel Market Size Forecast (2019-2026)

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[businessboostertoday]

VALCORA bolsters fuel emission offsetting in collaboration with Shell Aviation

Press Release / Geneva, Switzerland/ 15 October 2019: VALCORA, the digital aviation fuel supplier, has signed its first third-party agreement with an aviation fuel provider to offer customers even more ways of offsetting carbon emissions. In collaboration with Shell, VALCORA will offset fuel emissions through nature-based carbon credits. All Shell Aviation fuels sold through the VALCORA digital fuel purchasing platform will be carbon neutral1, meaning that emissions will be offset via carbon credits automatically included with the purchase of the fuel.

  In addition VALCORA customers purchasing fuel from other fuel providers through the online system will also have the option to offset emissions through nature-based carbon credits from Shell’s portfolio. Each carbon credit is subject to a third-party verification process and represents the avoidance or removal of 1 tonne of CO2. The move strengthens VALCORA’s existing sustainability offering, which enables customers to contribute to a carefully curated portfolio of international environmental and conservation projects.

  “We are pleased to offer the aviation industry access to independently certified nature-based carbon credits from Shell’s portfolio. Following the successful launch of our own conservation programme, the addition of the Shell offering perfectly complements our commitment to supporting the industry-wide aim of working towards a carbon neutral future,” said Daniel Coetzer, VALCORA CEO. “We particularly appreciate that Shell is offering our customers the option to purchase these carbon credits regardless of which providers they buy fuel from. This helps us maximise the opportunities for all our customers to address their CO2 emissions.”

  While sustainable aviation fuel and other low-carbon aviation technologies are in development, carbon credits from nature-based solutions have the potential to reduce emissions from aviation now. Nature-based solutions comprise all activities related to the protection, creation or redevelopment, of natural ecosystems – such as forests, grasslands and wetlands – to help absorb greenhouse gases from the atmosphere. Such activities help deliver many other benefits, including improvements in biodiversity, water quality, flood protection and livelihoods. They can also result in the creation, marketing, trading and sale of carbon credits.

  Shell buys carbon credits from a global portfolio of nature-based projects, including Cordillera Azul National Park Project in Peru, Katingan Peatland Restoration and Conservation Project in Indonesia and GreenTrees Reforestation Project in the USA.

  “We know the industry is shining a light on the need to encourage greater use of biofuels as well as develop new technology to support carbon emission reduction. The fact is drop-in biofuel is still limited in terms of availability and low-carbon propulsion systems are still very much in the future. We wanted to do something now. Our own conservation portfolio has been well received and we are delighted to have signed this agreement with Shell Aviation to strengthen our offering. It is imperative that we all make a contribution to protect the planet,” concluded Coetzer.

  Photo Caption: VALCORA’s collaboration with Shell will contribute to The Cordillera Azul National Park REDD+ Project which aims to protect biodiversity, indigenous populations and 1.6 million hectares of high carbon stock forest

www.VALCORA.ch

  Notes:

The terms “carbon neutral”, “carbon off-set” or “carbon off-set compensation” indicate that Shell has engaged in a transaction to ensure that an amount of carbon dioxide equivalent to that associated with the production, delivery and usage of the fuel has been removed from the atmosphere through a nature-based process or emissions saved through avoided deforestation.”

  The post VALCORA bolsters fuel emission offsetting in collaboration with Shell Aviation appeared first on Business Booster Today.

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The Global Specialty Fuel Additives Market to Grow at 6% CAGR between 2013 and 2019

A recent study by Transparency Market Research (TMR) forecasts that the global specialty fuel additives market will grow at a healthy CAGR of 6% from 2013 to 2019. TMR, a market intelligence firm based in the United States, in its report states that this market will report a market value worth US$7.02 billion by 2019. The report is titled ‘Specialty Fuel Additives Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2013 - 2019’.

Growing at a CAGR of 6% between the years 2013 and 2019, the global specialty fuel additives market is expected to reach US$7.02 billion in 2019 from US$4.69 billion in 2012. As per this market research report, the global specialty fuel additives market is primarily driven by greater environmental concerns with respect to the consumption of oxygenates, and technological advancements. Metal deactivators, corrosion inhibitors, antiknock agents, deposit controls agents, antioxidants, and others are included within the category of specialty fuel additives. In order to produce better fuels for end-use industries, and commercial purposes, several companies have been developing hybrid blends and compounds.

This TMR report explains that global specialty fuel additives market is segmented on the basis of products, application scope, and geography. Based on the type of products, the global specialty fuel additives market is classified into cold flow improvers, deposit control additives, corrosion inhibitors, lubricity improvers, cetane improvers, antioxidants, and others. It is expected that the fastest growing application segment in the global specialty fuel additives market in the forthcoming years will be cold flow improvers. Aviation turbine fuel, gasoline, diesel, and others are the different application areas in the overall specialty fuel additives market. In 2012, the second largest application segment in this market was diesel. Furthermore, by 2019, the global specialty fuel additives market will be dominated by the diesel segment.

According to the report, regionally, the global specialty fuel additives market is categorized into Europe, North America, the Asia Pacific, Latin America, Africa, and the Middle East. High demand for cetane improvers is fueled by greater diesel consumption in the Asia Pacific and Europe. The specialty fuel additives market in North America is mainly driven by ban on MTBE in the United States. Rising demand for biofuels in the U.S. and Europe is expected to fuel the market for cold flow improvers in the overall specialty fuel additives market.

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The overall specialty fuel additives market is characterized by average concentration. In 2012, this market was led by four main companies namely Infenium, NewMarket, BASF, and Innospec which accounted for 45% of the entire market share. The other prominent players operating in the global specialty fuel additives market are TOTAL Additives and Special Fuels, Rheochemie Gmbh, NALCO Champion (Ecolab), Lubrizol Ltd., Innospec Ltd., Infineum UK Ltd. GE Water & Process Technologies, Evonik Industries AG, Angus Chemical Company, Dorf Ketal B.V., and Chemtura Corporation.

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Sustainable Aviation Fuel Market Size, Product Type, Technology Estimates and Application Overview

The global Sustainable Aviation Fuel Market size is projected to grow from an estimated USD 66 million in 2020 to USD 15,307 million by 2030, at a CAGR of 72.4% during the forecast period. The increasing need for reduction in greenhouse gas emissions, increasing air passenger traffic, and high fuel efficiency of biofuels are some of the key factors driving the sustainable aviation fuel market. The government initiatives such as tax reductions on the use of green and clean aviation fuels will drive the growth of sustainable aviation fuel in the future.

By type, the sustainable aviation fuel market has been segmented into biofuel, hydrogen fuel, and power-to-liquid. The biofuel segment is estimated to account for the largest share during the forecast period. Achieving the GHG emissions reduction targets proposed by the aviation industry and by organizations such as the International Civil Aviation Organization (ICAO) will require a significant increase in biofuel production and consumption, thus driving the market. In addition, drop-in capability with no changes in infrastructure of aircraft drives demand for biofuel.

“Based on biofuel manufacturing technology, the hydroprocessed fatty acid esters and fatty acids - synthetic paraffinic kerosene (HEFA-SPK) segment is projected to lead the sustainable aviation fuel market during the forecast period”

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By biofuel manufacturing technology, the sustainable aviation fuel market is segmented into Hydroprocessed Fatty Acid Esters and Fatty Acids - Synthetic Paraffinic Kerosene (HEFA-SPK), Fischer Tropsch Synthetic Paraffinic Kerosene (FT-SPK), Synthetic Iso-paraffin from Fermented Hydroprocessed Sugar (HFS-SIP), Fischer Tropsch (FT) Synthetic Paraffinic Kerosene with Aromatics (FT-SPK/A), Alcohol to Jet SPK (ATJ-SPK), and Catalytic Hydrothermolysis Jet (CHJ). Hydroprocessed Fatty Acid Esters and Fatty Acids - Synthetic Paraffinic Kerosene (HEFA-SPK). Hydroprocessed Fatty Acid Esters and Fatty Acids - Synthetic Paraffinic Kerosene (HEFA-SPK) is projected to lead the sustainable aviation fuel market during the forecast period. This growth can be attributed to the most commercially available biofuels produced are from this technology.

“Based on biofuel blending capacity, the 30% to 50% segment of the sustainable aviation fuel market is projected to grow at the highest CAGR during the forecast period”

Based on biofuel blending capacity, the sustainable aviation fuel market is segmented into below 30%, 30% to 50%, and above 50%. The 30% to 50% segment is projected to grow at the highest CAGR during the forecast period. The increasing concerns of the climate change will drive the demand for larger blending capacity of renewable jet fuel with the conventional jet fuel. There has been various initiatives taken by the airlines to test and implement the blended fuel in their aircraft fleet. For instance, in June 2019, United Airlines took a flight from Chicago O’Hare to Los Angeles, powered by a 30% blend of sustainable aviation fuel produced by World Energy. The blended fuel met the same fuel specifications as Jet A with additional environmental benefits.

“Based on platform, the military aviation segment of the sustainable aviation fuel market is projected to grow at the highest CAGR during the forecast period”

Based on platform, the sustainable aviation fuel market is segmented into commercial aviation, military aviation, business & general aviation, and unmanned aerial vehicle. The military aviation segment is projected to grow at the highest CAGR during the forecast period. The defense sector is expected to be the fastest-growing segment among the different platforms, owing to the increasing government focus on promoting bio-jet fuels in the defense/military sector, particularly in the US, the Netherlands, and India.

Regional Outlook

North America is projected to grow at the highest CAGR during the forecast period. The region is considered to have the largest number of aircraft fleet with a large number of passengers per year, leading to increase in aircraft emissions substantially. To cater to the need for reduction in carbon footprints due to increasing air traffic and air passengers, countries such as the US and Canada are focused on various initiatives to utilize sustainable aviation fuel. With supportive policies and initiatives to decarbonize aviation emissions, the North American market is deemed to be one of the strong demand centers for sustainable aviation fuel. The number of sustainable aviation fuel initiatives taken by countries within the region such as US and Canada are Commercial Aviation Alternative Fuel Initiative (CAAFI), Midwest Aviation Sustainable Biofuels Initiative (MASBI), and Canada’s Biojet Supply Chain Initiative, among others.

Key Companies Outlook

Major players operating in the renewable jet fuel market include Neste (Finland), Gevo (US), World Energy (US), Eni (Italy), SkyNRG (Netherlands), Fulcrum BioEnergy (US), Velocys (UK), and Aemetis, Inc. (US), among others. These key players offer various products and services such as biofuel, synthetic fuel, e-fuels, green fuel, and hydrogen fuel, in order to curb the GHG emissions from the aviation and other industrial sectors such as automotive, marine, chemical etc. The startup companies in the sustainable aviation fuel market include Red Rock Biofuels (US), SG Preston Company (US), Petrixo Oil & Gas (UAE), Sundrop Fuels, Inc. (US), Hypoint, Inc. (US), and ZeroAvia, Inc. (US). These startups are collaborating with various stakeholders of the aviation fuel industry to contribute towards the ambitious goals of GHG emission reductions from the aviation and other industrial sectors.

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Production and Application of Biodiesel

In the international market, some countries and regions in the United States, Europe and Asia have begun to establish commercial biodiesel production bases and widely use biodiesel as alternative fuels.

Austria

Austria is the first country in the world to esterify vegetable oils. Its annual production capacity is about 550,000 t/a. Its main market for biodiesel lies in agricultural and forestry facilities, as well as leisure yacht engines in lakes and rivers, in order to clean air and improve environmental protection. In 1982, Graz Institute of Organic Chemistry conducted the world's first test on the esterification of rapeseed oil into diesel fuel. In 1983, recycled waste edible oil was used as raw material for biodiesel production. In 1985, the first demonstration plant of rapeseed oil methyl ester was established at Silberberg Agricultural College. In 1995, a patent for re-esterification was applied, and the conversion rate could reach 100%. In 1998, a plant was set up to produce biodiesel from 20% animal fat.

Brazil

Brazil produces biodiesel mainly from soybeans, cottonseed, sunflower seeds, rapeseed, castor seed and palm. Waste oil from restaurants and home fried foods is also collected to extract biodiesel. At present, Brazil uses ethanol, biodiesel and other alternative energy sources, which account for 44% of its total energy consumption, much higher than the world average of 13.6%. Saint Cross State University of Brazil has also developed a new technology to produce automotive fuel from fried food residues. The university's experimental plant recycles waste oil from restaurants in the city every week, 90% of which can be converted into fuel instead of diesel oil, and 10% of which can be used to produce glycerin for cosmetics. Oil.

U.S.A

The United States not only leads the world in the research of biodiesel production technology, but also leads the world in standards, tax relief and commercialized production. The annual total production capacity is 3 million tons. The main manufacturers are: World Energy Substitutes Company, Griffin Industrial Company, Columbus Food Company, Ag Environmental Products Company, etc. As early as 1983, American scientists used rapeseed oil methyl ester as an engine and burned it for 1000 hours. In 1999, U.S. President Clinton signed a special law on the development of biofuels, in which biodiesel is listed as one of the key clean energy sources. In May 2002, the Port of Southern California established the first dock capable of providing 100% biodiesel as marine fuel. In June 2002, a student at Madison University in Wisconsin, driving a biodiesel-powered locomotive, won the 2002 Ford Explorer competition. In 1999, only three major automobile transport companies used biodiesel. By March 2000, more than 40 companies used biodiesel, and more than 100 fleets in 2002. The main users are convoys of the federal government and utilities as well as bus and truck carriers with centralized gas stations.

Germany

In order to protect the environment, Germany advocates the use of biodiesel. At present, there are 8 biodiesel factories with more than 1000 biodiesel filling stations, most of which are located in the countryside where there are more diesel vehicles. Biodiesel production reached 2.5 million tons in 2000. There is no tax on biodiesel, and a standard for biodiesel has been formulated, which is basically a general standard within the European Union. Its largest biodiesel refinery in Schwarzheider, Brandenburg, Eastern Germany, has an annual production capacity of 1 million tons of biodiesel and 300,000 tons of glycerol. In addition, Saria has established a plant in Meiqian Prefecture, Eastern Germany to extract biodiesel from animal fat. It uses slaughtered animal fat as raw material to extract diesel for automotive engines, and can produce 1.3 xl07L biodiesel annually.

The Republic of Korea

In Korea, 80% of biodiesel is diesel and 20% is biofuel extracted from rice bran, recycled food oil and soybean oil. The oil is still in the experimental stage and is only used in cleaning trucks and garbage trucks. Biodiesel is being used in transporters of municipal refuse dumps, which saves 4.77 *106 L of diesel oil annually in Korea.

Japan

The annual output of biodiesel in Japan is 400,000 tons. The main raw material is recycled waste edible oil. The retail price of biodiesel is 80 yen/L, which is the same as ordinary diesel. The research and development of biodiesel in Japan began at the end of 1992. Researchers learned that soybean oil (soybean oil) produced biodiesel in Missouri, USA. In January 1993, they asked the Tokyo Office of Missouri for information on biodiesel. In June 1993, the biodiesel research and development department developed samples. In November 1993, they were approved by the Land Transport Bureau. It is used in diesel engine vehicles; a 259L/d industrial plant for biodiesel production from frying oil was built in 1999.

China

Before 1990, there was little research on biodiesel in China because of the self-sufficiency of crude oil. With the development of economy, crude oil has changed from net export to net import, and the price of petroleum products has been in line with international standards, which has led to the study of alternative energy sources. At present, rapeseed oil, soybean oil, rice bran oil, industrial lard, butter and wild plant Tung seed oil have been successfully used as raw materials in our country. After pre-esterification with methanol and re-esterification, the biodiesel produced can not only be used as alternative fuel directly, but also as an additive for clean combustion of diesel oil. The research institutes include China University of Science and Technology, Academy of Petroleum and Chemical Sciences, Northeast Forestry University, East China University of Technology, Jiangsu Institute of Petroleum and Chemical Industry, Fushun Changjiang Biodiesel Technology Application Research Institute, etc. In 2002, Sichuan Gushan Oil Chemistry Co., Ltd. has reached the annual production of 300,000 tons of biodiesel. It is planned to expand the production plant to produce 1 million tons of biodiesel in the near future. In September 2001, Hainan Zhenghe Bioenergy Co., Ltd., a private enterprise, built a biodiesel pilot plant with an annual output of nearly 100,000 tons. The main indicators meet the American biodiesel standards.

Italy

Italy is a country that produces and uses biodiesel widely, with an annual production capacity of 7.5 million tons and the largest 2.5 million t/a plant in the world. It is mainly used in air-conditioning heating and diesel power generation. Since 1991, biodiesel has been used on buses in 19 cities, running at 5.2 x l05km. The results are very good, especially with less black smoke.

France

France currently has an annual production capacity of more than 4 million tons, mainly used in diesel engines, part of which is used in diesel power plants, using the standard of adding 5% biodiesel to ordinary diesel. According to its agricultural policy, the farmland of 1.5 *l010m2 edible farm has been replaced by the farmland of producing industrial rapeseed, mainly biodiesel which produces rapeseed oil fatty acid methyl ester. ELF and TOTAL of France adopt a blend of 5% biodiesel (i.e. a blend of 5% biodiesel and 95% petrochemical diesel) and sell it to buses and trucks in 30 cities, which is in good condition. Its biodiesel production increased by three times in 1995. Citroen Group of France has also carried out a biodiesel test. Through the combustion test of 1 Xl05km, it is proved that biodiesel can be used in ordinary diesel engines.

Netherlands

In June 2011, a Royal Dutch Airlines Boeing 737 flew from Amsterdam to Paris with 171 passengers, making Dutch Airlines the first airline in the world to use biofuels for commercial flights. Since September, the Netherlands has launched biokerosene (commonly known as "gutter oil") to fuel passenger flights from Amsterdam to Paris to reduce carbon emissions.

In July 2012, Royal Dutch Airlines Shanghai Green Ming Environmental Technology Co., Ltd. signed a strategic cooperation agreement. Green Ming will provide Royal Dutch Airlines with more than 10,000 tons of biodiesel No. 0 converted from waste oil, which will be converted into aviation biokerosene by Dutch technology for aircraft use.

[cmfelatestarticle]

Transportation Fuel Market to Perceive Substantial Growth During 2022

Transportation fuels are energy sources that power various means of transport and include those derived from petroleum, biomass, and synthetic fuels. Transportation fuels are consumed by various modes of transportation i.e. road, rail, air and water. Demand for different types of transportation fuel depends upon the mode of transportation. Diesel and gasoline account for the major share of the overall transportation fuel consumed by road transport. Aviation turbine fuel (ATF) is the most preferable fuel by the aviation industry. Similarly, the railway industry consumes diesel as a primary fuel, followed by electricity.

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Transportation fuels used across the globe are mainly produced from crude oil refining. Gasoline, diesel, aviation turbine fuels, fuel oil, and bunker fuel are produced from crude oil. Theses fuels account for more than 90% of the total transportation fuel across the globe, reflecting the high level of dependency on crude oil. High emission levels from vehicles running on these fuels coupled with the depleting crude oil reserves has compelled various governments and organizations to develop and promote the use of clean and eco-friendly fuels. Biodiesel, bioethanol, hydrogen, natural gas, and electricity are some of the fuels which have low emission levels. The use of bio-based transportation fuel is increasing across the globe. In the U.S., E10, E15, and E85 are the grades of fuel available for internal combustion engines. These grades contain a certain percentage of bioethanol blended with gasoline. This has resulted in reduced consumption of gasoline and increased the market share of ethanol. Developed regions such as North America and Europe are producing biofuels in high volumes. However, the production of biofuels in large volumes is hampered by the food security of a country as the feedstock for biofuels include palm oil, corn, rapeseed oil, sugar cane, and soybeans.

The global transportation fuel market is segmented on the basis of type and geography. The report is further segmented at country level. On the basis of type, the transportation fuel market is further classified into gasoline, diesel, aviation turbine fuel (ATF), and others. Gasoline dominated the global transportation fuel market in 2013. However, the demand for diesel is anticipated to surpass gasoline demand during the forecast period. The consumption of biofuels is anticipated to grow during the forecast period. The number of natural gas vehicles is anticipated to increase during the forecast period. Countries such as India are developing their natural gas infrastructure to promote the use of natural gas vehicles. Brazil has a substantial share of natural gas and biofuels in its energy mix. The country has a large number of flexi-fuel vehicles that run on E85, thus increasing the consumption of ethanol in the country. The Middle East countries such as the UAE and Saudi Arabia are switching to more eco-friendly fuels to reduce GHG emissions from the transportation sector.

Increasing population in developing countries such as India and China has increased the sales of passenger cars, boosting the global transportation fuel market. Moreover, industrialization and infrastructure development in developing countries have resulted in increased number of commercial vehicles. This would further boost the consumption of transportation fuel during the forecast period. Improving fuel economy in developed regions is hampering the consumption of transportation fuel in these regions.

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Key players in the transportation fuel market are integrated companies that are present across the entire value chain. This makes it difficult for a new entrant to enter the market. Additionally, need for high initial investments and a strong distribution network are also acting as barriers for market entry. Some of the global players in the transportation fuel market include Chevron Corporation, ExxonMobil Corporation, Petrobras, Royal Dutch Shell plc, Saudi Arabian Oil Co., Sinopec Limited, Total S.A., and PetroChina Company Limited.

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Algae Market Analysis by Global Segments, Growth, Size and Forecast 2024

Algae Market: Snapshot

The global algae market is developing at a gradual pace around the world, with a number of algae oil production facilities yet to be fully commercialized. Growing concerns regarding the emission of greenhouse gases have driven the adoption of renewable energy sources, algae being a prominent one. Apart from a rising demand for algae-based biofuels in road, marine, and aviation applications, the plastics industry has also upped its demand for algae to produce biodegradable plastics.

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The global algae market was valued at US$608.0 mn in 2015 and is projected to reach US$1.1 bn by 2024, at a CAGR of 7.39% therein. In terms of volume, the market is poised to expand at a 5.32% CAGR between 2016 and 2024.

Low Investment Requirements Drive Adoption of Open Pond Cultivation Technology

In terms of cultivation technology, the algae market has been classified into open ponds cultivation technology, raceway ponds cultivation technology, closed photo bio-reactors, and closed fermenter systems. On a global scale, more than 80% of algal biomass is generated through open pond cultivation technology. Open pond cultivation systems require low investment and as a result are utilized on a larger scale.

However, in recent years, established players such as Algae Tec and Solazyme, Inc. have been investing more on emerging cultivation technologies such as closed photo bioreactors and fermenter systems for better productivity under the close monitoring of automated systems.

Closed photo bio-reactors are an emerging technology used to promote biological growth by controlling environmental parameters such as light. The only disadvantages presented by this technology are high capital costs and long payback periods.

Surge in Algae Cultivation in North America a Key Contributing Factor

In terms of geography, the global algae market comprises North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America. In 2015, North America led the global algae market. Countries such as the U.S., Canada, and Mexico house more than 135 companies engaged in algae cultivation and this is a key factor driving the algae market in the region. The North America algae market is single-handedly driven by the U.S., constituting around 86.4% of the market by volume and around 87.6% by value in 2016. The U.S. is anticipated to dominate the algae market through 2024 thanks to the expansion of production facilities and efforts to overcome the demand-supply gap. The North America algae market is considerably more mature than other regional markets such as Europe, Asia Pacific, Latin America, and MEA.

Get accurate market forecast and analysis on the Algae market. Request a sample to stay abreast on the key trends impacting this market @ http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=14804

Countries in Asia Pacific are focusing on algal biotechnology in wastewater bioremediation and CO2 capture and utilization. Asia Pacific hosts five of the top 10 carbon emitters in the world –India, China, Japan, Indonesia, and Iran – who contribute to more than 40% of the global emissions. Strong movements are under way to fully commercialize the production of biofuels from algae. Currently, more than 50% of the algae produced through various cultivation technologies are utilized in DHA production to manufacture chemical components for medicines, health foods, cosmetics, and food additives.

Key players in the global algae market include Algae Tec, Pond Biofuels Incorporated, LiveFuels, Inc., Algae Systems LLC, Sapphire Energy, Inc., Solazyme, Inc., Diversified Energy Corporation, Algenol, Kai BioEnergy Corp., Algix, DSM Nutritional Products, Dao Energy, LLC, Phycal LLC, and Kent BioEnergy Corporation.

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[latestglobalmarketresearch]

Biofuel Segment Projected To Lead The Sustainable Aviation Fuel Market During The Forecast Period

The global Sustainable Aviation Fuel Market size is projected to grow from an estimated USD 66 million in 2020 to USD 15,307 million by 2030, at a CAGR of 72.4% during the forecast period. The increasing need for reduction in greenhouse gas emissions, increasing air passenger traffic, and high fuel efficiency of biofuels are some of the key factors driving the sustainable aviation fuel market. The government initiatives such as tax reductions on the use of green and clean aviation fuels will drive the growth of sustainable aviation fuel in future.

By type, the sustainable aviation fuel market has been segmented into biofuel, hydrogen fuel, and power-to-liquid. The biofuel segment is estimated to account for the largest share during the forecast period. Achieving the GHG emissions reduction targets proposed by the aviation industry and by organizations such as the International Civil Aviation Organization (ICAO) will require a significant increase in biofuel production and consumption, thus driving the market. In addition, drop-in capability with no changes in infrastructure of aircraft drives demand for biofuel.

“Based on biofuel manufacturing technology, the hydroprocessed fatty acid esters and fatty acids - synthetic paraffinic kerosene (HEFA-SPK) segment is projected to lead the sustainable aviation fuel market during the forecast period”

Browse In-depth Insights: https://www.marketsandmarkets.com/Market-Reports/sustainable-aviation-fuel-market-70301163.html

By biofuel manufacturing technology, the sustainable aviation fuel market is segmented into Hydroprocessed Fatty Acid Esters and Fatty Acids - Synthetic Paraffinic Kerosene (HEFA-SPK), Fischer Tropsch Synthetic Paraffinic Kerosene (FT-SPK), Synthetic Iso-paraffin from Fermented Hydroprocessed Sugar (HFS-SIP), Fischer Tropsch (FT) Synthetic Paraffinic Kerosene with Aromatics (FT-SPK/A), Alcohol to Jet SPK (ATJ-SPK), and Catalytic Hydrothermolysis Jet (CHJ). Hydroprocessed Fatty Acid Esters and Fatty Acids - Synthetic Paraffinic Kerosene (HEFA-SPK). Hydroprocessed Fatty Acid Esters and Fatty Acids - Synthetic Paraffinic Kerosene (HEFA-SPK) is projected to lead the sustainable aviation fuel market during the forecast period. This growth can be attributed to the most commercially available biofuels produced are from this technology.

“Based on biofuel blending capacity, the 30% to 50% segment of the sustainable aviation fuel market is projected to grow at the highest CAGR during the forecast period”

Based on biofuel blending capacity, the sustainable aviation fuel market is segmented into below 30%, 30% to 50%, and above 50%. The 30% to 50% segment is projected to grow at the highest CAGR during the forecast period. The increasing concerns of the climate change will drive the demand for larger blending capacity of renewable jet fuel with the conventional jet fuel. There has been various initiatives taken by the airlines to test and implement the blended fuel in their aircraft fleet. For instance, in June 2019, United Airlines took a flight from Chicago O’Hare to Los Angeles, powered by a 30% blend of sustainable aviation fuel produced by World Energy. The blended fuel met the same fuel specifications as Jet A with additional environmental benefits.

“Based on platform, the military aviation segment of the sustainable aviation fuel market is projected to grow at the highest CAGR during the forecast period”

Based on platform, the sustainable aviation fuel market is segmented into commercial aviation, military aviation, business & general aviation, and unmanned aerial vehicle. The military aviation segment is projected to grow at the highest CAGR during the forecast period. The defense sector is expected to be the fastest-growing segment among the different platforms, owing to the increasing government focus on promoting bio-jet fuels in the defense/military sector, particularly in the US, the Netherlands, and India.

Regional Outlook

North America is projected to grow at the highest CAGR during the forecast period. The region is considered to have the largest number of aircraft fleet with a large number of passengers per year, leading to increase in aircraft emissions substantially. To cater to the need for reduction in carbon footprints due to increasing air traffic and air passengers, countries such as the US and Canada are focused on various initiatives to utilize sustainable aviation fuel. With supportive policies and initiatives to decarbonize aviation emissions, the North American market is deemed to be one of the strong demand centers for sustainable aviation fuel. The number of sustainable aviation fuel initiatives taken by countries within the region such as US and Canada are Commercial Aviation Alternative Fuel Initiative (CAAFI), Midwest Aviation Sustainable Biofuels Initiative (MASBI), and Canada’s Biojet Supply Chain Initiative, among others.

Key Companies Outlook

Major players operating in the renewable jet fuel market include Neste (Finland), Gevo (US), World Energy (US), Eni (Italy), SkyNRG (Netherlands), Fulcrum BioEnergy (US), Velocys (UK), and Aemetis, Inc. (US), among others. These key players offer various products and services such as biofuel, synthetic fuel, e-fuels, green fuel, and hydrogen fuel, in order to curb the GHG emissions from the aviation and other industrial sectors such as automotive, marine, chemical etc. The startup companies in the sustainable aviation fuel market include Red Rock Biofuels (US), SG Preston Company (US), Petrixo Oil & Gas (UAE), Sundrop Fuels, Inc. (US), Hypoint, Inc. (US), and ZeroAvia, Inc. (US). These startups are collaborating with various stakeholders of the aviation fuel industry to contribute towards the ambitious goals of GHG emission reductions from the aviation and other industrial sectors.

Get Sample Insights: https://www.marketsandmarkets.com/requestsampleNew.asp?id=70301163

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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

[latestglobalmarketresearch]

Sustainable Aviation Fuel Market Demand by Fuel Type (Biofuel, Hydrogen Fuel, Power to Liquid Fuel) – Global Forecast to 2030

The global Sustainable Aviation Fuel Market size is projected to grow from an estimated USD 66 million in 2020 to USD 15,307 million by 2030, at a CAGR of 72.4% during the forecast period. The increasing need for reduction in greenhouse gas emissions, increasing air passenger traffic, and high fuel efficiency of biofuels are some of the key factors driving the sustainable aviation fuel market. The government initiatives such as tax reductions on the use of green and clean aviation fuels will drive the growth of sustainable aviation fuel in future.

By type, the sustainable aviation fuel market has been segmented into biofuel, hydrogen fuel, and power-to-liquid. The biofuel segment is estimated to account for the largest share during the forecast period. Achieving the GHG emissions reduction targets proposed by the aviation industry and by organizations such as the International Civil Aviation Organization (ICAO) will require a significant increase in biofuel production and consumption, thus driving the market. In addition, drop-in capability with no changes in infrastructure of aircraft drives demand for biofuel.

“Based on biofuel manufacturing technology, the hydroprocessed fatty acid esters and fatty acids - synthetic paraffinic kerosene (HEFA-SPK) segment is projected to lead the sustainable aviation fuel market during the forecast period”

Browse In-depth Insights: https://www.marketsandmarkets.com/Market-Reports/sustainable-aviation-fuel-market-70301163.html

By biofuel manufacturing technology, the sustainable aviation fuel market is segmented into Hydroprocessed Fatty Acid Esters and Fatty Acids - Synthetic Paraffinic Kerosene (HEFA-SPK), Fischer Tropsch Synthetic Paraffinic Kerosene (FT-SPK), Synthetic Iso-paraffin from Fermented Hydroprocessed Sugar (HFS-SIP), Fischer Tropsch (FT) Synthetic Paraffinic Kerosene with Aromatics (FT-SPK/A), Alcohol to Jet SPK (ATJ-SPK), and Catalytic Hydrothermolysis Jet (CHJ). Hydroprocessed Fatty Acid Esters and Fatty Acids - Synthetic Paraffinic Kerosene (HEFA-SPK). Hydroprocessed Fatty Acid Esters and Fatty Acids - Synthetic Paraffinic Kerosene (HEFA-SPK) is projected to lead the sustainable aviation fuel market during the forecast period. This growth can be attributed to the most commercially available biofuels produced are from this technology.

“Based on biofuel blending capacity, the 30% to 50% segment of the sustainable aviation fuel market is projected to grow at the highest CAGR during the forecast period”

Based on biofuel blending capacity, the sustainable aviation fuel market is segmented into below 30%, 30% to 50%, and above 50%. The 30% to 50% segment is projected to grow at the highest CAGR during the forecast period. The increasing concerns of the climate change will drive the demand for larger blending capacity of renewable jet fuel with the conventional jet fuel. There has been various initiatives taken by the airlines to test and implement the blended fuel in their aircraft fleet. For instance, in June 2019, United Airlines took a flight from Chicago O’Hare to Los Angeles, powered by a 30% blend of sustainable aviation fuel produced by World Energy. The blended fuel met the same fuel specifications as Jet A with additional environmental benefits.

“Based on platform, the military aviation segment of the sustainable aviation fuel market is projected to grow at the highest CAGR during the forecast period”

Based on platform, the sustainable aviation fuel market is segmented into commercial aviation, military aviation, business & general aviation, and unmanned aerial vehicle. The military aviation segment is projected to grow at the highest CAGR during the forecast period. The defense sector is expected to be the fastest-growing segment among the different platforms, owing to the increasing government focus on promoting bio-jet fuels in the defense/military sector, particularly in the US, the Netherlands, and India.

Regional Outlook

“North America is projected to grow at the highest CAGR during the forecast period”

North America is projected to grow at the highest CAGR during the forecast period. The region is considered to have the largest number of aircraft fleet with a large number of passengers per year, leading to increase in aircraft emissions substantially. To cater to the need for reduction in carbon footprints due to increasing air traffic and air passengers, countries such as the US and Canada are focused on various initiatives to utilize sustainable aviation fuel. With supportive policies and initiatives to decarbonize aviation emissions, the North American market is deemed to be one of the strong demand centers for sustainable aviation fuel. The number of sustainable aviation fuel initiatives taken by countries within the region such as US and Canada are Commercial Aviation Alternative Fuel Initiative (CAAFI), Midwest Aviation Sustainable Biofuels Initiative (MASBI), and Canada’s Biojet Supply Chain Initiative, among others.

Key Companies Outlook

Major players operating in the renewable jet fuel market include Neste (Finland), Gevo (US), World Energy (US), Eni (Italy), SkyNRG (Netherlands), Fulcrum BioEnergy (US), Velocys (UK), and Aemetis, Inc. (US), among others. These key players offer various products and services such as biofuel, synthetic fuel, e-fuels, green fuel, and hydrogen fuel, in order to curb the GHG emissions from the aviation and other industrial sectors such as automotive, marine, chemical etc. The startup companies in the sustainable aviation fuel market include Red Rock Biofuels (US), SG Preston Company (US), Petrixo Oil & Gas (UAE), Sundrop Fuels, Inc. (US), Hypoint, Inc. (US), and ZeroAvia, Inc. (US). These startups are collaborating with various stakeholders of the aviation fuel industry to contribute towards the ambitious goals of GHG emission reductions from the aviation and other industrial sectors.

Get Sample Insights: https://www.marketsandmarkets.com/requestsampleNew.asp?id=70301163

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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

[latestglobalmarketresearch]

Sustainable Aviation Fuel Market Growth by Fuel Type (Biofuel, Hydrogen Fuel, Power to Liquid Fuel) – Future Growth Scope

The report Sustainable Aviation Fuel Market size is projected to grow from an estimated USD 66 million in 2020 to USD 15,307 million by 2030, at a CAGR of 72.4% during the forecast period. The increasing need for reduction in greenhouse gas emissions, increasing air passenger traffic, and high fuel efficiency of biofuels are some of the key factors driving the sustainable aviation fuel market. The government initiatives such as tax reductions on the use of green and clean aviation fuels will drive the growth of sustainable aviation fuel in the future.

Browse 115 market data Tables and 60 Figures spread through 240 Pages and in-depth TOC on "Sustainable Aviation Fuel Market - Forecast to 2030"

By type, the sustainable aviation fuel market has been segmented into biofuel, hydrogen fuel, and power-to-liquid. The biofuel segment is estimated to account for the largest share during the forecast period. Achieving the GHG emissions reduction targets proposed by the aviation industry and by organizations such as the International Civil Aviation Organization (ICAO) will require a significant increase in biofuel production and consumption, thus driving the market. In addition, drop-in capability with no changes in infrastructure of aircraft drives demand for biofuel.

Get All The Insights: https://www.marketsandmarkets.com/Market-Reports/sustainable-aviation-fuel-market-70301163.html

“Based on biofuel manufacturing technology, the hydroprocessed fatty acid esters and fatty acids - synthetic paraffinic kerosene (HEFA-SPK) segment is projected to lead the sustainable aviation fuel market during the forecast period”

By biofuel manufacturing technology, the sustainable aviation fuel market is segmented into Hydroprocessed Fatty Acid Esters and Fatty Acids - Synthetic Paraffinic Kerosene (HEFA-SPK), Fischer Tropsch Synthetic Paraffinic Kerosene (FT-SPK), Synthetic Iso-paraffin from Fermented Hydroprocessed Sugar (HFS-SIP), Fischer Tropsch (FT) Synthetic Paraffinic Kerosene with Aromatics (FT-SPK/A), Alcohol to Jet SPK (ATJ-SPK), and Catalytic Hydrothermolysis Jet (CHJ). Hydroprocessed Fatty Acid Esters and Fatty Acids - Synthetic Paraffinic Kerosene (HEFA-SPK). Hydroprocessed Fatty Acid Esters and Fatty Acids - Synthetic Paraffinic Kerosene (HEFA-SPK) is projected to lead the sustainable aviation fuel market during the forecast period. This growth can be attributed to the most commercially available biofuels produced are from this technology.

“Based on biofuel blending capacity, the 30% to 50% segment of the sustainable aviation fuel market is projected to grow at the highest CAGR during the forecast period”

Based on biofuel blending capacity, the sustainable aviation fuel market is segmented into below 30%, 30% to 50%, and above 50%. The 30% to 50% segment is projected to grow at the highest CAGR during the forecast period. The increasing concerns of the climate change will drive the demand for larger blending capacity of renewable jet fuel with the conventional jet fuel. There has been various initiatives taken by the airlines to test and implement the blended fuel in their aircraft fleet. For instance, in June 2019, United Airlines took a flight from Chicago O’Hare to Los Angeles, powered by a 30% blend of sustainable aviation fuel produced by World Energy. The blended fuel met the same fuel specifications as Jet A with additional environmental benefits.

“Based on platform, the military aviation segment of the sustainable aviation fuel market is projected to grow at the highest CAGR during the forecast period”

Based on platform, the sustainable aviation fuel market is segmented into commercial aviation, military aviation, business & general aviation, and unmanned aerial vehicle. The military aviation segment is projected to grow at the highest CAGR during the forecast period. The defense sector is expected to be the fastest-growing segment among the different platforms, owing to the increasing government focus on promoting bio-jet fuels in the defense/military sector, particularly in the US, the Netherlands, and India.

North America is projected to grow at the highest CAGR during the forecast period. The region is considered to have the largest number of aircraft fleet with a large number of passengers per year, leading to increase in aircraft emissions substantially. To cater to the need for reduction in carbon footprints due to increasing air traffic and air passengers, countries such as the US and Canada are focused on various initiatives to utilize sustainable aviation fuel. With supportive policies and initiatives to decarbonize aviation emissions, the North American market is deemed to be one of the strong demand centers for sustainable aviation fuel. The number of sustainable aviation fuel initiatives taken by countries within the region such as US and Canada are Commercial Aviation Alternative Fuel Initiative (CAAFI), Midwest Aviation Sustainable Biofuels Initiative (MASBI), and Canada’s Biojet Supply Chain Initiative, among others.

Major players operating in the renewable jet fuel market include Neste (Finland), Gevo (US), World Energy (US), Eni (Italy), SkyNRG (Netherlands), Fulcrum BioEnergy (US), Velocys (UK), and Aemetis, Inc. (US), among others. These key players offer various products and services such as biofuel, synthetic fuel, e-fuels, green fuel, and hydrogen fuel, in order to curb the GHG emissions from the aviation and other industrial sectors such as automotive, marine, chemical etc. The startup companies in the sustainable aviation fuel market include Red Rock Biofuels (US), SG Preston Company (US), Petrixo Oil & Gas (UAE), Sundrop Fuels, Inc. (US), Hypoint, Inc. (US), and ZeroAvia, Inc. (US). These startups are collaborating with various stakeholders of the aviation fuel industry to contribute towards the ambitious goals of GHG emission reductions from the aviation and other industrial sectors.

Velocys, a UK-based company, is highly appreciated for its technological excellence and production efficiency in sustainable aviation fuel. The company is largely focused on the R&D activities of developing and producing sustainable aviation fuel on a commercial scale to cater to the demand for reducing carbon footprint from the aviation sector by 2050 in significantly huge levels. In May 2020, Velocys secured a USD 1.2 million funding for the Altalto waste-to-fuels project from British Airways PLC and Shell International Petroleum Company Limited under a Joint Development Agreement project.

Get PDF Brochure: https://www.marketsandmarkets.com/requestsampleNew.asp?id=70301163

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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