In Singapore, TTG Asia reported that new estimates from IATA show strong growth in global SAF production, although it remains below previous expectations. In 2024, SAF production reached 1 million tn, double the 0.5 million tn produced in 2023. SAF accounted for 0.3% of global jet fuel production and 11% of global renewable fuel. “SAF volumes are increasing, but disappointingly slowly. Governments are sending mixed signals to oil companies which continue to receive subsidies for their exploration and production of fossil oil and gas. Investors in new generation fuel producers seem to be waiting for guarantees of easy money before going full throttle. With airlines, the core of the value chain, earning just a 3.6 per cent net margin, profitability expectations for SAF investors need to be slow and steady, not fast and furious,” said IATA’s director general Willie Walsh. “Governments can accelerate progress by winding down fossil fuel production subsidies and replacing them with strategic production incentives and clear policies supporting a future built on renewable energies, including SAF,” Walsh added.
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