In 2024, the production of sustainable aviation fuel (SAF) is expected to reach one million tonnes, making up 11% of the global renewable fuel market. This figure is lower than previous estimates, but still represents a significant milestone in the aviation industry’s efforts to reduce its carbon footprint.
SAF is a type of biofuel made from renewable sources such as waste oils, agricultural residues, and non-food crops. It has been gaining traction as a viable alternative to traditional jet fuel, which is derived from fossil fuels and is a major contributor to greenhouse gas emissions.
The projected production of one million tonnes of SAF in 2024 is a result of increased investments and partnerships in the renewable fuel sector. Airlines, aircraft manufacturers, and governments have all been working towards promoting the use of SAF in the aviation industry.
This production level is a significant step towards achieving the industry’s goal of reducing carbon emissions by 50% by 2050, compared to 2005 levels. It is also in line with the International Air Transport Association’s (IATA) target of achieving carbon-neutral growth from 2020 onwards.
The lower-than-expected production of SAF in 2024 may be due to the challenges faced by the renewable fuel industry, such as high production costs and limited availability of feedstock. However, with continued investments and advancements in technology, it is expected that the production of SAF will continue to increase in the coming years.
The impact of this news is twofold. On one hand, it highlights the progress made by the aviation industry in reducing its carbon footprint and promoting sustainable practices. On the other hand, it also serves as a reminder of the challenges that still need to be overcome in order to achieve the industry’s long-term sustainability goals.
In conclusion, the projected production of one million tonnes of SAF in 2024 is a positive development for the aviation industry and the environment. It demonstrates the industry’s commitment to reducing its carbon footprint and sets the stage for further advancements in renewable fuel technology.