July 17 (Reuters) – Production capacity of sustainable aviation fuel in the United States could jump by 1400% in 2024 if all announced capacity additions come on line, the U.S. Energy Information Administration said on Wednesday.
WHY IT’S IMPORTANT
The EIA anticipates domestic production of biofuels will increase by about 50% in 2024, led by rising SAF production.
The White House aims to meet all of the U.S.’s aviation fuel demand with SAF by 2050 and to supply at least 3 billion gallons of SAF annually by 2030.
