The International Air Transport Association (IATA) has indicated that the production volume of sustainable aviation fuel (SAF) for the year 2023 is expected to be 600 million liters.
This figure is double the production of 300 million liters seen in 2022. For 2024, the forecast is over 1.87 billion liters, accounting for 0.53% of aviation fuel demand and 6% of renewable fuel production capacity. The aviation industry requires 25-30% of its fuel to be SAF.
It is believed that the share of production will remain low as new production capacities come online and are allocated to other renewable fuels, leading to a sustained high price trend. At least 43 airlines are planning to use approximately 16.25 billion liters of SAF by 2030.
During the third aviation alternative fuels conference hosted by the International Civil Aviation Organization (ICAO), a global framework was agreed upon to foster SAF production to achieve a 5% reduction in carbon intensity of international aviation fuels used by 2030. Reaching this level would require the production of about 17.5 billion liters of SAF.
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