Aviation industry needs funding for synthetic green fuels
Currently, biofuel-based SAF constitutes just 0.2% of global jet fuel use due to its higher cost compared to traditional jet fuel. Synthetic SAF, even more expensive, faces similar challenges. The European Union offers subsidies for e-SAF, but industry leaders emphasise the need for increased government funding to enhance infrastructure and production stability. Thorsten Herdan from SAF maker HIF stresses the importance of regulatory stability and guarantees to foster industry growth in Europe. Meanwhile, Airbus' Julie Kitcher suggests expanding renewable electricity and electrolysers to lower production costs.
Despite potential, Marte van der Graaf of Transport and Environment warns that without sufficient investment, few e-SAF projects in Europe may secure funding by 2028, hindering the sector's growth. (Source: ET Infra)