Sustainable Aviation Fuel Market Outlook 2023

This document is a summary report detailing the Sustainable Aviation Fuel (SAF) market outlook for 2023. It outlines the current state of SAF initiatives, particularly in the United States, European Union, and the United Kingdom. The report discusses the legislative progress in the EU, including the ReFuelEU deal aimed at increasing SAF demand and supply. It highlights the U.S. goal of achieving 3 billion gallons of SAF production capacity by 2030 and the development of long-term incentive frameworks in Europe. The report also addresses the expected supply and demand dynamics for SAF, including the pressures on waste and vegetable oil markets in the U.S. and the anticipated growth in SAF capacity in Europe and the UK. Furthermore, it presents the challenges and opportunities associated with achieving SAF production targets, emphasizing the need for collaboration among stakeholders to mobilize resources effectively. The report concludes with a focus on the importance of scaling SAF production to meet future aviation demands sustainably.