Posted inTransportEnergyLatest NewsWorld

Sustainable Aviation Fuels production to surge threefold by 2024: IATA

This would account for 0.53 percent of aviation’s fuel need in 2024

Sustainable Aviation Fuels
Currently, SAF accounts for just 3 percent of all renewable fuel production.

The International Air Transport Association (IATA) said its projections for a tripling of Sustainable Aviation Fuels (SAF) production in 2024 to 1.9 billion liters (1.5 million tonnes) are on track.

This would account for 0.53 percent of aviation’s fuel needs in 2024.

“SAF will provide about 65 percent of the mitigation needed for airlines to achieve net zero carbon emissions by 2050. So the expected tripling of SAF production in 2024 from 2023 is encouraging,” Willie Walsh, IATA’s Director General, said.

“We still have a long way to go, but the direction of exponential increases is starting to come into focus,” Walsh said in a statement marking his participation in the 80th IATA Annual General Meeting (AGM) and World Air Transport Summit, currently underway in Dubai.

Renewable fuel production is shared by many industries and SAF is a part of renewable fuel production.

That is why increasing the production of renewable fuel is key to increasing the potential of SAF.

Some 140 renewable fuel projects with the capability to produce SAF have been announced to be in production by 2030.

If all of these proceed to production as announced, total renewable fuel production capacity could reach 51 million tonnes by 2030, with production capacity spread across almost all regions.

Through the International Civil Aviation Organisation (ICAO), governments set an ambition to achieve a 5 percent CO2 emissions reduction for international aviation from SAF by 2030.

To achieve that ambition, around 27 percent of all expected renewable fuel production capacity available in 2030 would need to be SAF.

Currently, SAF accounts for just 3 percent of all renewable fuel production.

“The interest in SAF is growing and there is plenty of potential. But the concrete plans that we have seen so far are far from sufficient, Walsh said.

He said governments have set clear expectations for aviation to achieve a 5 percent CO2 emissions reduction through SAF by 2030 and to be net zero carbon emissions by 2050.

“They now need to implement policies to ensure that airlines can actually purchase SAF in the required quantities,” he said.

A recent IATA survey revealed significant public support for SAF, with about 86 percent of travelers agreeing that governments should provide incentives for airlines to use SAF.

In addition, the vast majority of air passengers agree (86%) that leading oil corporations should prioritize the production of SAF.

Follow us on

For all the latest business news from the UAE and Gulf countries, follow us on Twitter and LinkedIn, like us on Facebook and subscribe to our YouTube page, which is updated daily.