Rhodium Group, an independent research provider recently released a report suggesting the high potential Sustainable Aviation Fuel (SAF) has to contribute to decarbonising travel. As per the report, SAF has been said to have the potential to help reduce life-cycle CO2 emissions by up to 99 per cent compared to conventional jet fuel. It further suggests that this sustainable alternative for jet fuel can play a major role in fully decarbonising the aviation sector over the next 30 years.
SAF is a type of fuel that is low-carbon and is made from biological and non-biological waste materials. Apart from being a good alternative for traditional jet fuel, SAF can also be mixed safely with conventional jet fuels without the need for new or redesigned aircraft engines.
While the SAF market is still emerging, its growth potential remains high. As per a recent Market Research Future prediction, the market is set to be worth $60 billion by the year 2030. As per the report, it is the growing environmental awareness that will be the biggest contributing factor to the growth of the SAF market and its demand.
According to the Rhodium Group report, ‘If the industry scales up enough to produce the majority of aviation fuel, hundreds of thousands of new industry jobs could be created.’ The report estimated that the average total number of jobs associated with the construction and operation of an SAF facility that produces 50 million gallons per year, ranges between 1,645 and 7,640 jobs, depending on the technology pathway adopted by the facility.
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