About Biomass-based Renewable Jet Fuel
Biomass-based renewable fuel is sustainable aviation fuel. It’s produced from sustainable feedstocks and is very similar in its chemistry to traditional fossil jet fuel. Using biomass-based renewable jet fuel results in a reduction in carbon emissions compared to the traditional jet fuel it replaces over the lifecycle of the fuel. Some typical feedstocks used are cooking oil and other non-palm waste oils from animals or plants; solid waste from homes and businesses, such as packaging, paper, textiles, and food scraps that would otherwise go to landfill or incineration. Other potential sources include forestry waste, such as waste wood, and energy crops, including fast-growing plants and algae. Air bp’s biomass-based renewable jet fuel is currently made from used cooking oil and animal waste fat.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
To entice more end users, market players are focusing on providing Biomass-based Renewable Jet Fuel of higher quality while adhering to all regulatory standards. In the global Biomass-based Renewable Jet Fuel market, there are numerous large and small-scale service providers. They are also concentrating on the implementation of numerous advanced technologies. Furthermore, the numerous industry profits have led to the entry of new players, raising the level of rivalry in an already competitive market. The Biomass-based Renewable Jet Fuel market is currently expanding due to the rapid advancement of technology. Some of the key players in this market follow strategies, which include new product offerings, product approvals, partnerships and alliances, mergers and acquisitions, and business expansions. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Biomass-based Renewable Jet Fuel market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Neste (Finland), Fulcrum BioEnergy (United States), LanzaTech (United States), World Energy (United States), TotalEnergy (United States), Preem (Sweden), OMV (Austria), Atmosfair (Germany), Wastefuel (United States) and Prometheus Fuels (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Red Rocks Biofuel (United States) and Northwest Advanced Biofuels (Austria)..
Segmentation Overview
AMA Research has segmented the market of Global Biomass-based Renewable Jet Fuel market by Type (Biofuel, Hydrogen Fuel, Power to Liquid Fuel and Gas-to-Liquid), Application (Civil and Military) and Region.
On the basis of geography, the market of Biomass-based Renewable Jet Fuel has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Platform, the sub-segment i.e. Commercial Aviation will boost the Biomass-based Renewable Jet Fuel market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Technology, the sub-segment i.e. Hydro processed Fatty Acid Esters and Fatty Acids - Synthetic Paraffinic Kerosene (HEFA-SPK) will boost the Biomass-based Renewable Jet Fuel market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Blend, the sub-segment i.e. Below 30% will boost the Biomass-based Renewable Jet Fuel market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Biomass-based Renewable Jet Fuel Market Dynamics:
Attributes | Details |
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Growth Drivers | - Aviation Industries Commitments to Reduce Carbon Emission has Been Driving the Biomass-Based Renewable Jet Fuel Market.
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Influencing Trends | - The Rising Global Carbon Emission has Been Contributing to the Need for Better Sustainable Fuel.
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Restraints | - Inadequate Availability of Raw Material.
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Road Blocks / Challenges | |
Gaps & Opportunities | - The Capability of Biomass-Based Renewable Jet Fuel to Have Better Drop-In Will Bring More Opportunities.
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Market Leaders and their expansionary development strategies
In July 2022, Neste, the world's leading producer of renewable diesel and sustainable aviation fuel produced from waste and residue raw materials, agreed to acquire 100% of Walco Foods, an Irish trader of animal fats. The transaction is subject to the fulfillment of customary closing conditions and regulatory approval.
In June 2022, Nestle announced, that for the first time Sustainable aviation fuel (SAF) has been safely delivered to New York’s LaGuardia Airport through the Colonial and Buckeye pipeline systems – two essential pieces of American energy infrastructure. The low-emission jet fuel will power a Delta Air Lines flight, marking a seminal moment in the ongoing development and distribution of SAF in the U.S.
As described in 80.1407, only gasoline and diesel fuels produced or imported into the U.S. are subject to renewable fuel standards. Thus, only gasoline and diesel fuel volumes produced or imported by an obligated party factor into their RVOs (renewable fuel volume obligations) calculated in 80.1407. Therefore, jet fuel production or importation is not subject to renewable fuel standards. However, producers or importers of renewable jet fuel can generate RINs to represent that jet fuel if their fuel meets the definition of renewable fuel in 80.1401 and EPA has approved a D code pursuant to Table 1 to 80.1426 or 80.1416.
Key Target Audience
Renewable fuel producers, New Entrants and Investors, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.