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Sustainable Aviation Fuel (SAF) Market size is set to grow by USD 5.29 billion from 2024-2028, Favorable government policies to boost the market growth, Technavio

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NEW YORK, June 27, 2024 /PRNewswire/ — The global sustainable aviation fuel (SAF) market  size is estimated to grow by USD 5.29 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of about 75.62%  during the forecast period.  Favorable government policies is driving market growth, with a trend towards research on third-generation biofuels. However, higher cost of production compared to conventional fuels  poses a challenge. Key market players include Aemetis Inc., Alder Energy LLC, Chevron Corp., Cummins Inc., Deutsche Lufthansa AG, Eni SpA, Fulcrum BioEnergy Inc., Gevo Inc., LanzaTech Global Inc., Neste Corp., OMV Aktiengesellschaft, Pan Oleo Energy Ltd., Preem Holdings AB, Sasol Ltd., Shell plc, SkyNRG BV, SYNHELION SA, TotalEnergies SE, Velocys Plc, and World Energy LLC.

Get a detailed analysis on regions, market segments, customer landscape, and companies – Click for the snapshot of this report

Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

Type (Biofuel, Hydrogen fuel, and Power to liquid fuel), Application (Commercial aviation, Business and general aviation, Military aviation, and Unmanned aerial aviation), and Geography (North America, APAC, Europe, Middle East and Africa, and South America)

Region Covered

North America, APAC, Europe, Middle East and Africa, and South America

Key companies profiled

Aemetis Inc., Alder Energy LLC, Chevron Corp., Cummins Inc., Deutsche Lufthansa AG, Eni SpA, Fulcrum BioEnergy Inc., Gevo Inc., LanzaTech Global Inc., Neste Corp., OMV Aktiengesellschaft, Pan Oleo Energy Ltd., Preem Holdings AB, Sasol Ltd., Shell plc, SkyNRG BV, SYNHELION SA, TotalEnergies SE, Velocys Plc, and World Energy LLC

 

Key Market Trends Fueling Growth

The Sustainable Aviation Fuel (SAF) market is experiencing significant growth with the advancement of biofuel technology. Second and third-generation biofuels, particularly SAF, are derived from non-food feedstocks such as wood, organic waste, and algae. Algae fuels offer numerous advantages, including high-quality diverse fuels like biodiesel, butanol, and jet fuel, and greater yield with up to ten times the fuel production per acre compared to traditional fuels. Micro-algae, with their high lipid content and ease of cultivation, are popular candidates for SAF production. This evolution in biofuel technology is diversifying feedstock options and enhancing fuel performance through advanced technology. 

The Sustainable Aviation Fuel (SAF) market is experiencing significant growth due to increasing demand for eco-friendly alternatives in the aviation industry. Components such as vegetable oils, animal fats, and waste cooking oil are commonly used to produce SAF. Technologies like hydroprocessing and fermentation are employed to convert these feedstocks into jet fuel. Companies are investing in research and development to improve the efficiency and sustainability of SAF production. The use of SAF reduces carbon emissions and contributes to the aviation industry’s efforts towards becoming more environmentally friendly. The adoption of SAF is a trend that is gaining momentum in the aviation sector, with many airlines and governments supporting its implementation. 

Research report provides comprehensive data on impact of trend. For more details- Download a Sample Report

Market Challenges

The sustainable aviation fuel (SAF) market faces challenges in terms of inefficient production technology and high feedstock costs. Advanced biofuel processing is complex, leading to higher operational costs for SAF compared to conventional fuels. Electric and hybrid vehicles, which are more economical and sustainable alternatives, may hinder SAF market growth due to their increasing demand and lower carbon emissions.The Sustainable Aviation Fuel (SAF) market faces several challenges in its implementation and adoption. One challenge is the high cost of SAF compared to traditional jet fuel. Another challenge is the limited supply of SAF, as it is currently produced from feedstocks like algae and waste vegetable oils. Additionally, the infrastructure for producing and distributing SAF is not yet widely available. Technological advancements and government incentives are necessary to make SAF production cost-effective and scalable. Furthermore, the aviation industry must work towards reducing its carbon footprint and meeting emission reduction targets, making SAF a crucial solution for sustainable aviation.

For more insights on driver and challenges – Download a Sample Report

Segment Overview 

This sustainable aviation fuel (saf) market report extensively covers market segmentation by

Type 1.1 Biofuel1.2 Hydrogen fuel1.3 Power to liquid fuelApplication 2.1 Commercial aviation2.2 Business and general aviation2.3 Military aviation2.4 Unmanned aerial aviationGeography 3.1 North America3.2 APAC3.3 Europe3.4 Middle East and Africa3.5 South America

1.1 Biofuel-  The Sustainable Aviation Fuel (SAF) market is experiencing significant growth due to increasing demand for eco-friendly alternatives in the aviation industry. Companies are investing in SAF production, driven by government incentives and customer preference. SAF reduces carbon emissions by up to 80% compared to traditional jet fuel. Major airlines have set ambitious targets to use SAF in a substantial percentage of their fuel mix by 2030. This trend is expected to continue, making SAF a promising business opportunity.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2018 – 2022)  – Download a Sample Report

Research Analysis

The Sustainable Aviation Fuel (SAF) market represents a significant advancement in the aviation industry’s efforts to reduce carbon emissions. SAF, also known as renewable jet fuel, is derived from various sources such as biofuels and hydrogen fuel cells. Its adoption in commercial and military aviation sectors is gaining momentum due to its economic viability and environmental benefits. SAF is a crucial component in the aviation industry’s strategy to decrease emissions from air transportation. The market’s growth is driven by the increasing demand for sustainable alternatives to traditional jet fuels and government initiatives to promote the use of cleaner fuels in the aviation sector. The aviation industry’s transition to SAF is essential to mitigate the sector’s significant carbon footprint and contribute to a more sustainable future for air travel.

Learn and explore more about Technavio’s in-depth research reports

Biofuels are renewable fuels derived from organic materials like plants and algae, offering a sustainable alternative to traditional fossil fuels. The global biofuels market is driven by increasing environmental concerns and the need for energy security. Key players in this market include ethanol and biodiesel producers, with significant growth anticipated due to government incentives and advancing technology. As the world seeks cleaner energy solutions, biofuels play a crucial role in reducing greenhouse gas emissions and diversifying energy sources.

Market Research Overview

The Sustainable Aviation Fuel (SAF) market refers to the production and use of alternative jet fuels derived from renewable sources, such as vegetable oils, agricultural waste, and algae. These fuels offer significant reductions in carbon emissions compared to traditional jet fuel, making them a crucial component in the aviation industry’s efforts to reduce its carbon footprint. The global SAF market is experiencing steady growth, driven by increasing government regulations, industry initiatives, and technological advancements. Various types of SAFs are under development, including hydroprocessed esters and fatty acids (HEFA), alcohol-to-jet (ATJ), and biomass-based jet fuel. The market is expected to continue expanding as the demand for more sustainable aviation solutions increases.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

TypeBiofuelHydrogen FuelPower To Liquid FuelApplicationCommercial AviationBusiness And General AviationMilitary AviationUnmanned Aerial AviationGeographyNorth AmericaAPACEuropeMiddle East And AfricaSouth America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Technology

VNET Announces Changes to Leadership Team

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BEIJING, April 20, 2026 /PRNewswire/ — VNET Group, Inc. (Nasdaq: VNET) (“VNET” or the “Company”), today announced that Mr. Qiyu Wang has resigned from his position as VNET’s Chief Financial Officer for personal reasons, effective April 30, 2026. Mr. Wang’s resignation is not due to any disagreement with the Company, nor does it relate to the Company’s operations, policies, practices, accounting matters, or procedures.

Mr. Josh Sheng Chen, Founder, Executive Chairperson and Interim Chief Executive Officer of VNET, commented, “On behalf of the Company, I would like to thank Qiyu for his contributions during his tenure. His financial discipline and strategic insight have been instrumental to the Company’s growth. We wish him every success in his future endeavors.”

In February 2026, the Company announced the appointment of Mr. Peter Zhihua Zhang as Senior Vice President, Operational Finance of VNET, to oversee the Company’s financial operations and to serve as the Company’s “principal accounting officer” in accordance with applicable U.S. federal securities laws, SEC rules, and Nasdaq requirements. Since joining VNET in 2019, Mr. Zhang has demonstrated extensive expertise in multiple key roles within the Company’s finance operations.

About VNET

VNET Group, Inc. is a leading carrier- and cloud-neutral internet data center services provider in China. VNET provides hosting and related services, including IDC services, cloud services, and business VPN services to improve the reliability, security, and speed of its customers’ internet infrastructure. Customers may locate their servers and equipment in VNET’s data centers and connect to China’s internet backbone. VNET operates in more than 30 cities throughout China, servicing a diversified and loyal base of over 7,000 hosting and related enterprise customers that span numerous industries ranging from internet companies to government entities and blue-chip enterprises to small- to mid-sized enterprises.

Safe Harbor Statement

This announcement contains forward-looking statements. These forward-looking statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “target,” “believes,” “estimates” and similar statements. Among other things, quotations from management in this announcement as well as VNET’s strategic and operational plans contain forward-looking statements. VNET may also make written or oral forward-looking statements in its reports filed with, or furnished to, the U.S. Securities and Exchange Commission, in its annual reports to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about VNET’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: VNET’s goals and strategies; VNET’s liquidity conditions; VNET’s expansion plans; the expected growth of the data center services market; expectations regarding demand for, and market acceptance of, VNET’s services; VNET’s expectations regarding keeping and strengthening its relationships with customers; VNET’s plans to invest in research and development to enhance its solution and service offerings; and general economic and business conditions in the regions where VNET provides solutions and services. Further information regarding these and other risks is included in VNET’s reports filed with, or furnished to, the U.S. Securities and Exchange Commission. All information provided in this press release is as of the date of this press release, and VNET undertakes no duty to update such information, except as required under applicable law.

Investor Relations Contact:

Xinyuan Liu
Tel: +86 10 8456 2121
Email: ir@vnet.com

View original content:https://www.prnewswire.com/news-releases/vnet-announces-changes-to-leadership-team-302747154.html

SOURCE VNET Group, Inc.

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Steven Rivera Appointed Chief Revenue Officer of NRI North America

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NEW YORK, April 20, 2026 /PRNewswire/ — Nomura Research Institute (NRI), a leading global provider of consulting and technology services, today announced that Steven Rivera has been appointed Chief Revenue Officer (CRO) for North America.

In this role, Rivera will oversee revenue-related functions across the region, including sales, marketing, demand generation, strategic partnerships, and client engagement.

Rivera brings more than 26 years of experience to the role, having held sales and marketing leadership positions within the cybersecurity, managed services, and consulting sectors. Over the course of his career, he has led the development of integrated go-to-market strategies and supported organizations in strengthening client relationships and operational alignment.

Prior to joining NRI, Rivera served as Chief Revenue Officer at Logically, where he was responsible for coordinating revenue functions across sales, marketing, client support, and pricing. His work focused on improving organizational alignment and supporting consistent business performance.

“Steven’s experience across revenue leadership and his background in cybersecurity and consulting are well-aligned with our priorities in North America,” said Toshi Oiwa, Chief Executive Officer of NRI North America. “We believe his perspective will contribute to the steady advancement of our regional capabilities and support our efforts to further deepen relationships with our clients over the long term.”

Rivera’s areas of expertise include enterprise sales leadership, revenue operations, cloud and cybersecurity solutions, and financial planning. He also brings experience in security consulting, risk analysis, program management, and governance, risk & compliance (GRC).

About NRI

In North America, NRI is a business and technology solutions consultancy. Guiding our clients from insight to execution, we design and deliver solutions that fuel growth, grow profitability, and result in lasting innovation. NRI has more than 16,000 employees in 16 countries and regions including New York, London, Tokyo, Hong Kong, Singapore, and Australia. NRI reports annual sales above US $4.8 billion and is rated “A” by S&P Global Ratings Japan. Learn more at www.nri-na.com

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SOURCE NRI

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Ionic Digital Announces March 2026 Mining and Operations Update

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AUSTIN, Texas, April 20, 2026 /PRNewswire/ — Ionic Digital Inc. (“Ionic Digital” or the “Company”), a digital infrastructure company supporting the expanding needs of AI and high-performance computing, today issued its unaudited Mining and Operations Update for March 2026.

In March, Ionic Digital mined 28.05 Bitcoin (“BTC”), a decrease of 14.9% compared to the prior month. The Company’s site production varied in line with strategic adjustments, following fleet consolidation.

The decline in production was driven by a 19.4% decrease in average hashrate and a 6.8% reduction in network block production, partially offset by a 3.3% decline in the global hashrate. Ionic’s share of the global hashrate declined 16.6% month-over-month to 0.21%, reflecting a sharper reduction in company output relative to the total network.

At our four Midland sites, production was 24.26 BTC, a 4.7% month-over-month increase, as the most efficient miners from the Oklahoma GXD facility came online at Midland. At GXD, production was 3.79 BTC, a planned decrease of 61.2% month-over-month due to continued de-racking and reduced operational contribution.

The daily average hashrate was 2.04 EH/s, down 19.4% compared to the prior month, due to the discontinuation of the GXD hosting contract and removal of miners (-62.5%), while Midland remained relatively stable (-1.2%).

Ionic Digital continues to maintain its zero-debt position and liquidated no BTC in March. As of March 31, 2026, the Company held 2,815.6 BTC, an increase of approximately 28.2 BTC over the prior month.

Key Mining and Operating Metrics Summary

Metric

March 2026

Capacity (MW)1

112.0

Efficiency (J/THs)2

29.1

Daily Average Hashrate (EH/s)3

2.04

BTC Mined4

28.05

Average BTC Mined/Day5

0.90

BTC Sold

0.0

BTC Holdings6

2,815.6

Total current energy available at the four Midland sites, representing a change in previous reporting.
Previous reporting only measured total current capacity for mining activities available at hosted and directly
owned sites.Represents the capabilities of active miners during the reporting period.The reported hashrate is derived from internal performance data. Hashrate values reflect miner downtime
and curtailment.Gross BTC mined of 28.05 BTC. No hosting fees were paid in BTC for March 2026.Average BTC/Day in the prior month was 1.18.BTC Holdings excludes 0.9 BTC earned but in transit as of month-end, a change of -0.2 BTC from prior
month. The BTC balance at the end of the prior month was 2,787.4 BTC.

About Ionic Digital 
Ionic Digital Inc. is a digital infrastructure company that develops strategic powered land assets for data centers, high-performance computing (HPC) and cryptocurrency mining. Learn more at www.ionicdigital.com or follow us on X and LinkedIn.

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SOURCE Ionic Digital Inc.

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