Sustainable aviation fuel production will triple to reach 1,875 million liters in 2024
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He International Air Transport Association (IATA) announced estimates for Sustainable aviation fuel (SAF), and is expected to triple in 2024 to 1,875 million liters (1.5 million tons), representing 0.53 percent of aviation fuel needs and 6 percent of renewable fuel capacity.
In 2023, SAF volumes reached more than 600 million liters (0.5 Mt), double the 300 million liters (0.25 Mt) produced in 2022. SAF accounted for 3 percent of all renewable fuels produced, and 97 percent of renewable fuel production went to other sectors. .
In 2024, SAF production is expected to triple to 1,875 million liters (1.5 million tonnes), representing 0.53 percent of aviation fuel needs and 6 percent of the renewable fuel capacity. The small percentage of SAF production as a proportion of total renewable fuel is mainly due to new capacity coming online in 2023 being allocated to other renewable fuels.
“The doubling of SAF production in 2023 was encouraging, as was the tripling of production planned for 2024. But even with that impressive growth, SAF as a share of all renewable fuel production will only grow 3 percent this year to 6 percent in 2024. This allocation limits the supply of SAF and keeps prices high. Aviation needs 25 to 30 percent of renewable fuel production capacity for the SAF. At those levels, aviation will be on the trajectory needed to achieve net-zero carbon emissions by 2050. Until those levels are achieved, we will continue to miss enormous opportunities to advance the decarbonization of aviation. It is government policy that will make the difference. “Governments must prioritize policies to incentivize increased SAF production and diversify raw materials with those available locally.”
saying Willie Walsh, Director General of IATA.
He Third Conference on Alternative Aviation Fuels (CAAF/3), organized by the International Civil Aviation Organization (ICAO), agreed on a global framework to promote SAF production across geographies to make fuels used in international aviation 5 percent less carbon intensive by 2030. To reach this level, around 17.5 billion liters (14Mt) of SAF need to be produced.
“Governments want aviation to reach net zero emissions by 2050. Having set an interim target in the CAAF process, they now need to implement policy measures that can achieve the necessary exponential increase in SAF production.”
saying Walsh.
Demand is not the problem: every drop of SAF produced has been purchased and used. In fact, SAF added $756 million to a record fuel bill in 2023. At least 43 airlines have already committed to using some 16.25 billion liters (13 million tons) of SAF in 2030, with more deals being announced regularly. .
Unlocking supply to meet demand is the challenge that must be solved: projections indicate that more than 78 billion liters (63 Mt) of renewable fuels will be produced in 2029. Governments must establish a policy framework that incentivizes producers of renewable fuels to be allocated between 25 and 30 percent. of its production to SAF to meet the CAAF/3 ambition, existing regional and national policies as well as airline commitments.
Effective incentives for SAF production should support the following objectives: accelerate investments in SAF by traditional oil companies; Ensure that incentives for renewable fuel production encourage sufficient quantities of SAF; Focus stakeholders on regional diversification of SAF feedstock and production; Identify and prioritize high-potential productive projects to support investment; and Provide a global accounting framework for the SAF.
Approximately 85 percent of SAF facilities coming online over the next five years will use hydrotreating (HEFA) production technology, which relies on non-edible animal fats (tallow), used cooking oil and industrial grease as feedstock. cousin.
News source: Emirates News Agency
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