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Renewable/Bio Jet Fuel Market Plying for Significant Growth During 2026 || key Players: Gevo, Inc., Red Rock Biofuels LLC, Honeywell International Inc., Virent Inc., Fulcrum BioEnergy, Inc., Neste Oil Corporation, AltAir Paramount LLC, S.G. Preston Compan

Bio Jet Fuel

Bio Jet Fuel

The global Bio Jet Fuel market was pegged at 6,888.6 Mn Liters in 2017 and is anticipated to register a CAGR of 17.3% over the forecast period (2019 – 2026), to reach 28,379.1 Mn Liters by 2026.

Despite the need and airline support for bio jet, producers struggle to make renewable fuel cost-competitive with fossil fuels. Currently, bio jet fuel is supplied through segregated logistics which leads to higher costs which may reduce its demand.

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Research is being done on alcohol-to-jet pathway, where alcohols such as ethanol or butanol are de-oxygenated and processed into jet fuels. Abundance of feedstock such as ethanol and lignocellulose crops in Latin America is expected to boost growth of the bio jet fuel market in the region. For instance, according to United States Department of Agriculture, in 2015-16 ethanol production in Brazil was registered at 30 billion liters which is expected to reach 31 billion by 2019.

Players operating in the global Bio Jet Fuel market are adopting various growth strategies such as plant’s capacity expansion to cater to increasing demand for Bio Jet Fuel. For instance, In July 2018, Red Rock Biofuels started construction of a new bio refinery facility in Lakeview, Oregon for the project aiming to convert 136,000 tons of waste woody biomass into 15.1 million gallons/year of renewable fuels.

Major players operating in the global Bio Jet Fuel market include, Gevo, Inc., Red Rock Biofuels LLC, Honeywell International Inc., Virent Inc., Fulcrum BioEnergy, Inc., Neste Oil Corporation, AltAir Paramount LLC, S.G. Preston Company, SkyNRG BV, Eni SpA Total S.A., and BP PLC

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