Much of Europe's aviation sector is tasked with boosting sustainable aviation fuel use to 10% of all jet fuel by 2030, despite it currently costing up to five times as much.
As it stands, SAF makes up less than 1% of jet fuel in use. Airlines, which operate on razor-thin margins and are heavily indebted as they recover from the pandemic, say more needs to be done to boost production and lower the cost.
“Europe needs to step up and throw its weight behind a domestic SAF industry to ensure it does not fall behind.” Finland-based Neste, the world’s largest SAF producer, says it is expanding its facilities in Europe and elsewhere, but points to challenges including sourcing raw materials. British Airways owner IAG says it has committed to $865 million in investments to purchase SAF and support production, but has only guaranteed around 25% of its 2030 supply target. That means it will likely have to spend billions more to reach its goals.
And even if their new projects do not do enough to get aviation to 10%, SAF production will still go up markedly, experts said.
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