To meet legally binding mandates, Europe’s aviation industry has no more than two years to get the first production plans for electro-fueled sustainable aviation fuel (eSAF) up and running, according to a report published by Project SkyPower on Monday. Project SkyPower, which is backed by senior air transport sector leaders, has released economic modeling showing that the industry will need to raise between €15 billion and €20 billion (up to $21.8 billion) capital investment by 2030 and a further €3 billion to €5 billion each year to achieve the scale required to meet SAF blending mandates.
According to the report, eSAF produces at least 90% less greenhouse gas emissions over its life cycle than jet-A fossil fuel. Unlike most current SAF, it is produced using renewable electricity, water, and carbon dioxide captured directly from the air or via point-source capture and thus is less restricted by feedstock options.
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