Eco-friendly jet fuel production expected to triple by 2024

  • 📰 straits_times
  • ⏱ Reading Time:
  • 13 sec. here
  • 11 min. at publisher
  • 📊 Quality Score:
  • News: 40%
  • Publisher: 69%

Aviation News

Eco-Friendly,Jet Fuel,Production

The production of eco-friendly jet fuel is expected to triple to 1.875 billion litres in 2024, accounting for 0.53 per cent of the aviation industry’s fuel needs. However, this is still far behind the amount needed to reach the target of having cleaner jet fuel form 5 per cent of fuel consumption by 2030.

The production of eco-friendly jet fuel is expected to triple to 1.875 billion litres in 2024, accounting for 0.53 per cent of the aviation industry’s fuel needs. However, this is still far behind the amount needed to reach the target of having cleaner jet fuel form 5 per cent of fuel consumption by 2030. About 17.5 billion litres of eco-friendly fuel will need to be produced yearly by 2030 to meet this target.

In 2023, greener jet fuel volumes reached 600 million litres, double the 300 million litres produced in 2022. Singapore Airlines and its budget arm Scoot are among those committed to reaching a goal of 5 per cent sustainable aviation fuel use by 2030

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Analysts cut 2024 earnings outlooks for Asian firms amid China slowdown, Q3 profit gloomProspects for robust earnings growth for Asian companies in 2024 look bleak as analysts are relentlessly cutting regional companies' forward 12-month earnings estimates due to China's faltering economy, disappointing third-quarter earnings, and a rise in interest rates.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »