Using solid waste to decarbonise aviation
The sustainable aviation fuel (SAF) market is experiencing significant global growth, driven by new mandates in the EU and Japan. Interest in co-processing, which converts renewable feedstocks into biojet fuel using existing refineries, is rising. This method is cost-effective, reducing the need for new infrastructure and lowering carbon footprints. As the SAF market prepares for rapid expansion, numerous projects are being launched worldwide, varying in pace and maturity across regions.
The strongest biofuel trends we see for this year are mostly in the realm of SAF production growth, which is supported by new mandates in the EU and Japan (more Asian countries are also likely issue mandates over the coming period). The SAF market is readying for take-off, and we are beginning to witness significant global expansion with numerous projects being announced and implemented, though the pace and maturity varies across regions.
Growing SAF market
There is an increasing interest in co-processing as a production method to provide the required short-term ramp up in SAF production.
Co-processing allows refineries to convert renewable feedstocks into drop-in, biojet fuel at economically competitive prices, meaning it can swiftly boost the availability of SAF in the short run.
Existing refining, transport, and storage facilities can be used, so co-processing is cost-effective (CAPEX and OPEX), delivers carbon footprint reduction, and eliminates the need to construct new specialised processing units.
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