Sustainable Aviation Fuel is on track to meet targets: New data reveals promising outlook
By Adeeba Khan In Industry News On 2nd June 2023
Uncertainty over investment has slowed the increase of sustainable aviation fuel (SAF) stocks. Recent data, however, suggests that there may be sufficient supply to achieve the goals.
The United States has the capacity to meet 100% of its SAF demand using its own resources by 2050. To help this, the government has begun enacting tax breaks as part of the Inflation Reduction Act.
Binding goals have been created in Europe to stimulate investment, and the United Kingdom is close to a requirement for incorporating 10% SAF in aviation fuel by 2030. In addition, five manufacturing facilities in the United Kingdom are expected to be completed by 2025.
Read more at Loadstar.