Royal Dutch Shell plans to start mass-producing low-carbon jet fuel by 2025 in an effort to encourage the world’s airlines to reduce greenhouse gas emissions.
According to “Reuters”, aviation, which contributes 3 percent of the world’s carbon emissions, is one of the most difficult sectors to tackle due to the lack of alternative technologies for jet fuel engines.
Shell, one of the world’s largest oil trading companies, said it aims to produce two million tons of what is known as sustainable aviation fuel by 2025, a tenfold increase from today’s total global production.
Shell stated that sustainable aviation fuel, which is produced from waste cooking oils, plants and animal fats, can reduce up to 80 per cent of air traffic emissions.
Shell added yesterday that it wants green jet fuel to account for 10 percent of its global jet fuel sales by 2030. Environmentally friendly jet fuel can be blended with regular jet fuel without the need to change jet engines.
Jefferies Investment Bank said sustainable aviation fuel accounts for less than 1 percent of today’s global demand for jet fuel, which amounted to about 330 million tons in 2019.
Market growth faces many obstacles, primarily due to the cost of sustainable aviation fuel, which is currently eight times higher than that of regular jet fuel, and the limited availability of raw materials. Shell has made it clear that it wants other companies to follow suit. “We also expect other companies to add it to their production plants,” said Anna Mascolo, president of Shell Aviation.
The United States said last week that it wants to cut greenhouse gas emissions from aircraft by 20 percent by the end of the decade by dramatically promoting the use of sustainable aviation fuels.
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