Reuters
17 July 2024
Production capacity of sustainable aviation fuel in the United States could jump by 1400% in 2024 if all announced capacity additions come on line, the U.S. Energy Information Administration said on Wednesday.
WHY IT'S IMPORTANT
The EIA anticipates domestic production of biofuels will increase by about 50% in 2024, led by rising SAF production.
The White House aims to meet all of the U.S.'s aviation fuel demand with SAF by 2050 and to supply at least 3 billion gallons of SAF annually by 2030.
In 2023, the EIA reported that around 1.6 million barrels per day (bpd) of jet fuel was consumed in the country.
SAF, an alternative to petroleum jet fuel, is produced from agricultural and waste feedstocks and has seen increased investments due to benefits from the U.S. Environmental Protection Agency's Renewable Fuel Standard.
Read on: Sustainable aviation fuel capacity domestically to rise fourteen-fold in 2024, US EIA says | Reuters
