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SAF volumes double in 2023
The International Air Transport Association (IATA) estimates sustainable aviation fuel (SAF) volumes reached over 600 million litres.
This represents a doubling from the 300 million produced in 2022.
It says SAF accounted for 3% of all renewable fuels produced, with 97% of renewable fuel production going to other sectors.
In 2024 IATA forecasts production will triple to 1.875 billion litres which represents 0.53% of aviation’s fuel requirements for the year, and 6% of renewable fuel capacity.
The small percentage of output as a proportion of overall renewable fuel is mostly due to the new capacity being allocated to other renewable fuels.
“The doubling of sustainable aviation fuel production in 2023 was encouraging as is the expected tripling expected in 2024,” said Willie Walsh, IATA’s Director General.
“Even with that impressive growth, SAF as a portion of all renewable fuel production will only grow from 3% this year to 6% in 2024.”
“This allocation limits SAF supply and keeps prices high.”
ICAO’s 3rd Conference on Aviation Alternative Fuels agreed a global framework to promote SAF production in all regions for fuels used in international aviation to be 5% less carbon intensive by 2030.
To reach the required level, about 17.5 billion litres need to be produced.
“Governments want aviation to be net zero by 2050. They now need to deliver policy measures that can achieve the needed exponential increase,” Walsh added.
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Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
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