Sustainability and Environment
Report: U.S. SAF Industry Will Require $400 Billion Investment by 2050
A report by renewable fuels producer SKYNRG states that to meet worldwide demand for SAF, 400 refineries will be needed by 2050.
tanker trucks loading SAF at refinery
SKYNRG sees the worldwide market for SAF rising to 4.5 billion gallons by 2030. (Photo: Curt Epstein/AIN)

With mandates and blending goals being imposed on the production of sustainable aviation fuels (SAF), renewable fuel producer SKYNRG predicts a worldwide demand and supply for SAF of at least 4.5 billion gallons by 2030, with voluntary usage by business aviation, airlines, and cargo operators expected to further increase that amount. By 2050 that total could reach 42 billion gallons in markets where blending mandates or production goals are in place or under development.

In its "Sustainable Aviation Fuel Market Outlook 2023" released Wednesday morning, SKYNRG noted that with SAF derived from a variety of feedstocks and processes, certain regions will likely favor one over the other going forward based on policy and supply. For example, in the EU, waste oil-based SAF and eSAF will be more attractive, while HEFA-process fuel produced from agricultural commodities such as soybean oil will prove favorable in the U.S.

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