PUBLISHER: Frost & Sullivan | PRODUCT CODE: 1532319
PUBLISHER: Frost & Sullivan | PRODUCT CODE: 1532319
The Impetus to Decarbonize the Aviation and Chemicals Industries is Driving the Adoption of SAF Production Technologies
According to the International Energy Agency (IEA), the aviation industry accounts for 2% of global carbon emissions. Total cumulative emissions reached approximately 800 million tons in 2022, and cumulative emissions are expected to reach approximately 1,750-2,000 million tons by 2050. The International Air Transport Association (IATA) has committed to achieving Fly Net Zero by 2050, and the strategy to reach this target will be predominantly achieved by relying on SAF production and combining emission elimination at source, as well as offsetting through carbon capture. Thus, there is an urgency to achieve deep decarbonization in the aviation industry.
The large-scale deployment of SAF facilities is the need of the hour to significantly reduce aviation's environmental footprint and lower dependency on fossil fuels for jet fuel production. Increasing SAF production leads to a substantial reduction of specific greenhouse gas emissions on a life cycle basis while ensuring that air pollutants, such as oxides of sulfur and nitrogen, are not directly emitted into the atmosphere. Thus, SAF production technologies hold significant potential to enable large-scale emissions reduction in the aviation industry.
Several regional initiatives and favorable policy regulations are required to accelerate the deployment of large-scale SAF production facilities globally. The aviation industry also plans to use futuristic innovations in aircraft engine design, which will enable engines to be powered by 100% SAF in the long term.
This study covers the following topics: Overview of SAF production technologies Evaluation of growth drivers and restraints for the SAF production technology landscape Analysis of major stakeholders and their innovations in the SAF production technology landscape Techno-economic analysis of SAF production technologies enabling significant emission reductions Overview of the patent landscape and growth opportunities enabling SAF production technologies