This allocation limits SAF supply and keeps prices high. But even with that impressive growth, SAF as a portion of all renewable fuel production will only grow from 3% this year to 6% in 2024. “The doubling of SAF production in 2023 was encouraging as is the expected tripling of production expected in 2024. The small percentage of SAF output as a proportion of overall renewable fuel is primarily due to the new capacity coming online in 2023 being allocated to other renewable fuels. In 2024 SAF production is expected to triple to 1.875 billion liters (1.5Mt), accounting for 0.53% of aviation’s fuel need, and 6% of renewable fuel capacity. SAF accounted for 3% of all renewable fuels produced, with 97% of renewable fuel production going to other sectors. In 2023, SAF volumes reached over 600 million liters (0.5Mt), double the 300 million liters (0.25 Mt) produced in 2022. Geneva – The International Air Transport Association (IATA) announced estimates for Sustainable Aviation Fuel (SAF) production.
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