Global Sustainable Aviation Fuel market report, market size, share, trends, analysis and forecast to 2030

Stratistics MRC’s Global Sustainable Aviation Fuel Market value is expected to reach $15.02 billion growing at a CAGR of 45.7% during 2023–2030.

Sustainable Aviation Fuel is an eco-friendly alternative to traditional jet fuel, derived from renewable feedstocks. It significantly reduces carbon emissions and pollutants, offering a greener option for air travel. Sustainable aviation fuel meets strict sustainability criteria, contributing to efforts to mitigate climate change and promote environmental stewardship in the aviation industry.

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The Asia Pacific region is experiencing rapid growth in the sustainable aviation fuel market. With a burgeoning aviation sector and increasing air travel demand, countries in the region are prioritizing environmental sustainability. Government initiatives, such as incentives and regulations promoting the adoption of sustainable aviation fuel, are driving market growth. Additionally, growing awareness of climate change and the need for greener alternatives further propel the demand for sustainable aviation fuels in the Asia-Pacific region.

Some of the key players in Sustainable Aviation Fuel Market include AltAir Paramount, LLC, Eni S.p.A., Fulcrum BioEnergy Inc., Gevo, Inc., LanzaTech, Neste Corporation, Northwest Advanced Biofuels, LLC., Red Rock Biofuels, REG Synthetic Fuels, LLC, Renewable Energy Group, Inc., SG Preston Company, SkyNRG, TotalEnergies, Velocys plc, WasteFuel and World Energy Houston LLC.

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Key Developments:

In January 2023, Plenitude, through its US subsidiary Eni New Energy US Inc., has signed an agreement with global energy leader EDP Renováveis, S.A. (“”EDPR””), to purchase an 80% equity stake in a portfolio of operational photovoltaic plants located in the United States.

In December 2022, Fulcrum successfully produced a low-carbon synthetic crude oil from landfill waste at its Sierra BioFuels Plant, the world’s first commercial-scale waste-to-fuels plant.

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