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Globally, sustainable aviation gasoline (SAF) is gaining significance as it’s environmentally pleasant and is comparatively purer in comparison to typical jet gasoline. As a consequence, global SAF production is predicted to witness outstanding development, with North America dominating its production capacity by 2030, says GlobalData, a number one knowledge, and analytics firm.
GlobalData’s newest report, “Sustainable Aviation Fuel (SAF) Market Production Capacity Analysis by Region, Refinery Type, Top Countries and Companies to 2030”, reveals that North America is predicted to witness an upcoming SAF production capacity of two,418 million gallons every year (mmgy) by 2030, adopted by Europe and Asia with 1,246 mmgy and 898 mmgy, respectively.
Bhargavi Gandham, Oil and Gas Analyst at GlobalData, feedback: “Globally, several countries and companies are actively working towards mitigating their carbon footprint. Within the aviation industry, SAF has emerged as a prominent solution to reduce emissions. Notably, countries in North America, Europe, and Asia have been at the forefront of SAF capacity expansion, aligning their strategies to the ambitious goal of achieving carbon neutrality within the aviation industry.”
The US is predicted to witness the very best upcoming SAF production capacity in North America in addition to globally, with an anticipated capacity of two,032 mmgy by 2030 from a number of deliberate and introduced tasks. Almost all of the upcoming tasks within the nation are by renewable standalone refineries. The UK, China, and Canada are the opposite key nations which can be anticipated to have substantial SAF capacity by 2030.
Bhargavi concludes: “The global SAF production capacity is primarily being planned through standalone renewable refineries. Some crude oil refineries are also either being converted into fully or partially renewable refineries to accelerate SAF production capacity in the future.”
The put up North America to dominate global SAF production capacity by 2030, says GlobalData appeared first on Brand TD.