Sustainable Aviation fuel (SAF) is gaining prominence globally as it is a relatively greener option to conventional jet fuel. Global SAF production capacity is expected to potentially increase from 41 million gallons per annum (mmgy) in 2020 to 3,702mmgy in 2030. This is based on a slew of projects that are expected to start by 2030.
Most of the global SAF production is being planned through renewable standalone refineries. Several crude oil refineries are also being converted into renewable fuel facilities or co-processing facilities for SAF production.
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The US is expected to witness the highest SAF production capacity additions of 1,221mmgy from upcoming projects by 2030. All the upcoming capacity in the country is through standalone renewable refineries.
China follows the US with estimated capacity addition of 302mmgy by 2030 through a standalone Maoming Renewable refinery. To be operated by Oriental Energy, it is expected to start operations by 2025.
Singapore is expected to witness the third highest SAF product capacity additions of 166 mmgy of SAF by 2030. The entire capacity is likely to be added through Pulau Bukom Renewable refinery, which is likely to come online by 2026. Further details of SAF production capacity outlook can be found in GlobalData’s new report, ‘Sustainable Aviation Fuel (SAF) Market Production Capacity Analysis by Region, Refinery Type, Top Countries and Companies, 2020-2030’.
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