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September 29, 2022--Researched by Industrial Info Resources (Sugar Land, Texas)--Jan Toschka, the head of aviation at Shell plc (NYSE:SHEL) (London, England) said this week he expects global aviation fuel demand will return to pre-pandemic levels within the next two years. That's particularly good news for the nascent market for sustainable aviation fuel (SAF) and renewable jet fuel, which are gaining attention globally.
Industrial Info is tracking more than $38 billion worth of projects related to the production or storage of SAF or renewable jet fuel globally, including $10.4 billion worth across the U.S. Toschka told Reuters that demand in the U.S. already has returned to 2019 levels, while Europe already has reached more than 80% of pre-COVID levels and is on track for full recovery in the next year.
Shell is among the oil and gas titans weighing the long-term potential for SAF, with a goal to draw 10% of its global jet sales by 2030 from renewable fuels.
Other companies featured: USA BioEnergy LLC, Fidelis New Energy LLC, Koch Industries and Yokogawa Corporation of America
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