News & Insights
Sustainable aviation fuel production 'must expand beyond OECD to cut emissions'
The use of sustainable aviation fuels (SAF) is the main tool to decarbonise the global aviation industry over the next five to 10 years, but production needs to extend beyond high-income countries to meet demand for jet fuel, according to the World Bank.
Their production must expand outside countries in the Organisation for Economic Co-operation and Development (OECD) to meet growing jet fuel demand and reduce the industry's carbon emissions, the Washington-based lender said in a new report.
The emergence of a sustainable aviation fuel industry in developing countries could have “significant benefits” for the economy, as well as for climate, it said.
Source: Sustainable aviation fuel production 'must expand beyond OECD to cut emissions' (msn.com)
First Etihad Airways flight using sustainable aviation fuel departs Tokyo Narita
The first Etihad Airways flight to use Sustainable Aviation Fuel (SAF) supplied by ITOCHU Corporation and NESTE took off from Tokyo Narita airport late October, 2022.
The pioneering flight, EY871 departed Tokyo Narita at 1500, was the result of a partnership in which ITOCHU provided Neste MY Sustainable Aviation Fuel to Etihad, the national airline of the United Arab Emirates, making Etihad the first international airline to procure SAF in Japan.
Source: First Etihad Airways flight using sustainable aviation fuel departs Tokyo Narita | News | Breaking Travel News
The demand for biofuels continues to explode
According to this latest study, in 2022 the growth of Biofuels Market is projected to reach Multimillion USD.
Over the next seven years the Biofuels Market will register a magnificent spike in CAGR in terms of revenue.
North America, especially The United States, will still play an important role with regulations around the increased use of biofuels. The high adoption of advanced technology and the presence of large players in this region are likely to create ample growth opportunities for the market.
Europe also play important roles in global market, with a magnificent growth in CAGR During the Forecast period 2022-2029.
EMSA Publishes Update on Potential of Biofuels in Shipping
On October 6, 2022, the European Maritime Safety Agency (EMSA) announced the availability of a report entitled Update on Potential of Biofuels in Shipping, updating a previous study developed by EMSA on biofuels and examining the full range of biofuels from the perspective of current production capacity, storage and distribution infrastructure, and power-generation technologies.
EMSA notes that there is significant potential for biofuels to capture a larger share of the total maritime fuel consumption and support the European Union (EU) and International Maritime Organization’s (IMO) greenhouse gas (GHG)-reduction ambitions for the maritime industry.
The “drop-in” characteristics of biofuels -- the possibility to replace conventional petroleum-refined hydrocarbons without substantial modifications to engines, fuel tanks, pumps, or supply systems -- may offer “an immediate, attractive and cost-effective solution, for the existing fleet.”