Europe Sustainable Aviation Fuel Market Report, Segments, Share, Trends & Forecast 2032

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According to a recent industry report by UnivDatos The Europe Sustainable Aviation Fuel Market was valued at USD 351.36 million in 2023 and is expected to grow at a robust CAGR of around 32.1% during the forecast period (2024-2032) owing to increased environmental regulations and emissions reduction targets.

As Europe leads the global charge toward sustainable aviation, TotalEnergies stands at the forefront, driving innovation in Sustainable Aviation Fuel (SAF) production. With ambitious EU regulations mandating increasing SAF usage, TotalEnergies is strategically positioned to meet this growing demand, shaping a greener future for European aviation.

“THE POWER OF SUSTAINABLE AVIATION FUEL”

Sustainable Aviation Fuel continues to be vital in reducing aviation’s negative effect on the climate. Originating from sources such as waste cooking oil, agricultural waste products, and municipal waste, SAF can lower its global warming potential by up to ninety percent compared to ordinary jet fuel. Europe has increasingly focused on decarbonization in recent years, and SAF has emerged as a vital tool and leader.

“TOTAL ENERGIES' SAF PORTFOLIO”

TotalEnergies offers a diverse range of SAF solutions tailored to the European market:

TotalEnergies Aviation: The company's flagship SAF product meets stringent EU standards and offers up to 80% reduction in CO2 emissions.

BioJet: A blend of conventional jet fuel and bio-jet fuel, allowing airlines to transition to more sustainable options gradually.

“TOTAL ENERGIES' SAF INITIATIVES AND INVESTMENTS”

TotalEnergies is making significant strides in expanding its SAF production and accessibility across Europe:

Production Ramp-Up: In 2022, TotalEnergies announced plans to convert its Grandpuits refinery near Paris into a zero-crude platform, including a SAF production unit. This facility will produce 170,000 tons of SAF annually starting from 2024, contributing significantly to France's SAF blending mandate of 1% from 2024, rising to 10% by 2030.

Access sample report (including graphs, charts, and figures): https://univdatos.com/reports/europe-sustainable-aviation-fuel-market?popup=report-enquiry

Strategic Partnerships: TotalEnergies has forged key alliances to accelerate SAF adoption:

·         In 2024, TotalEnergies and Airbus signed a Strategic Partnership Agreement to develop SAF production in Europe. The partnership aims to contribute to the EU's goal of 70% SAF usage by 2050, focusing on e-fuels derived from green hydrogen and captured CO2.

·         In 2022, TotalEnergies secured a long-term agreement with Air France-KLM Group to supply 800,000 tons of SAF from 2023 to 2030, making it one of the largest SAF contracts in Europe.

Additionally, the company is investing heavily in innovative SAF technologies:

e-SAF Project (2021): In collaboration with Sunfire, a German company, TotalEnergies launched a pilot project in Rotterdam to produce e-SAF using green hydrogen and CO2 captured from industrial emissions. This project aligns with the EU's "Fit for 55" package, which requires 0.7% of jet fuel to be e-fuels by 2030.

“CONCLUSION”

Ever since Europe set its pace to make industrial development sustainable, particularly focused on the aviation industry, TotalEnergies has been making a mark as part of this process. Total Energies aims to seriously increase SAF production and availability in the continent through substantial investments, technological advancement, and other collaborations. The commitment states developed by TotalEnergies actively contribute to achieving the EU’s challenging goals defined in the SAF area. In 2023, at the Paris Air show, TotalEnergies, which was among a group of 25 aviation companies each from Europe, vowed to reduce dependency on fossil fuels and buy 10% of their jet fuel from sustainable sources by the year 2030. This early commitment to the EU Green Deal and its more ambitious targets set for 2030 shows that the company is ready and willing to play a crucial leadership role in defining Europe’s sustainable aviation strategy.

Contact Us:

UnivDatos

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Website - https://univdatos.com

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