IATA: SAF production to triple this year

Tuesday, 03 Jun, 2024 0

The International Air Transport Association (IATA) is forecasting a tripling of sustainable aviation fuel (SAF) production this year.

It estimates production will reach 1.9 billion litres (1.5 million tons) in 2024.

This represents about 0.53% of global aviation’s fuel requirements for this year, IATA said.

“SAF will provide about 65% of the mitigation needed for airlines to achieve net zero carbon emissions by 2050,” said Willie Walsh, IATA’s Director General.

“While the expected tripling of SAF production in 2024 from 2023 is encouraging, we still have a long way to go.”

Around 140 major renewable fuel projects capable of producing sustainable aviation fuel at scale are expected to be up and running by 2030.

If all are operational, the total production capacity could reach 51 million tons by 2030.

“The interest in SAF is growing and there is plenty of potential. But the concrete plans that we have seen so far are far from sufficient,” Walsh added.

Governments have targeted a 5% CO2 emissions reduction through SAF by 2030 and net zero carbon emissions by 2050.

“They now need to implement policies to ensure that airlines can actually purchase SAF in the required quantities.”

TravelMole Editorial Team

Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.

The superpower in bed banks for 30 years We are an award-winning and trusted accommodation wholesaler since 1991. We are...

The Detroit Metro Convention & Visitors Bureau (DMCVB) is the only organization that promotes metro Detroit regionally, nationally and...

At Wilderness Safaris we believe in creating life-changing journeys and have been doing so for over 39 years. Our purpose...

SOUTH AUSTRALIA. FOR THOSE WHO WANT A LITTLE MORE. South Australia. It’s a beautiful place. A place for the restless,...

IHG Hotels & Resorts: Redefining Hospitality Excellence IHG Hotels & Resorts is a globally renowned hospitality company that stands at...

Discover Punta Gorda/Englewood Beach, also known as the Charlotte Harbor Gulf Island Coast. This natural wonderland is nestled in the...

We make travel accessible for everyone We believe everyone should be free to experience the world. For us, there’s no...

We are the UK’s leading Canada travel experts Canadian Affair Company Information Founded in 1995, Canadian Affair offers an...

ITB Asia, Asia’s Leading Travel Trade Show, is an annually held B2B trade show and convention for the travel industry; it is designed...

If you’re thinking of cruising, there’s a very good chance you’re considering a Carnival cruise. Growing since our founding in...

Wonderful Indonesia Indonesia is a country blessed with countless wonders. What makes this country unique is its diverse culture and...

MGM Resorts International (NYSE: MGM) is an S&P 500® global entertainment company with national and international locations featuring best-in-class hotels...

Offering the most powerful portfolio in the industry, our 30 brands and 8,000+ properties across 139 countries and territories give...

AXA Assistance specializes in best-in-class cost containment, health and travel services. Over 60 years of experience combined with a US and...

SAINT LUCIA IS NO ORDINARY ISLAND Equal parts beauty and mystique, Saint Lucia captivates anyone who sets foot on her...

Blue Diamond Resorts consistently goes above and beyond guest expectations by delivering groundbreaking vacation experiences through our exceptional collection of...