Global Stearic Acid Market

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The Global Aircraft Jet Fuel Market was valued at USD 151.41 Billion in 2024 and is projected to reach USD 202.54 Billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 4.4% during the forecast period (2024–2030). This growth is being driven by increasing air travel, rising fuel demands from emerging economies, and the accelerating adoption of Sustainable Aviation Fuel (SAF) solutions across commercial and military aviation sectors.

As the aviation industry transforms toward low-emission operations and sustainable growth, the spotlight is on the key fuel suppliers who are driving innovation, efficiency, and cleaner energy pathways. In this blog, we profile the Top 10 Companies in the Aircraft Jet Fuel Industry—a mix of oil majors, refiners, and SAF pioneers shaping the future of global aviation fuel.

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🔟 1. ExxonMobil Corporation

Headquarters: Irving, Texas, USA
Key Offering: Jet-A, Jet A-1, and Sustainable Aviation Fuel (SAF)

ExxonMobil is among the world’s leading jet fuel suppliers, offering aviation-grade fuel across global markets. Their aviation division serves commercial airlines, business jets, and military aircraft, with growing investments in SAF technology such as algae-based and synthetic fuels.

Sustainability Initiatives:

• Scaling advanced biofuels
• SAF partnerships with global airlines
• Committed to achieving net-zero emissions by 2050

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9️⃣ 2. Shell Aviation

Headquarters: London, United Kingdom
Key Offering: Jet A-1, SAF, Technical Fuel Service

Shell Aviation operates in more than 60 countries and fuels over 2 million aircraft annually. It is a significant player in SAF production and distribution, aiming to meet both regulatory requirements and carbon reduction targets in the aviation sector.

Sustainability Initiatives:

• Strategic SAF investments
• Collaboration with airports to streamline SAF supply chains

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8️⃣ 3. Chevron Corporation

Headquarters: San Ramon, California, USA
Key Offering: Jet A, Jet A-1, Renewable Jet Fuel

Chevron’s aviation fuel division is expanding its renewable energy portfolio with SAF through acquisitions and bio-refining technology development to support aviation decarbonization goals.

Sustainability Initiatives:

• Renewable fuel target of 100,000 barrels per day by 2030
• SAF supply partnerships with airlines and logistics providers

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7️⃣ 4. TotalEnergies

Headquarters: Paris, France
Key Offering: TotalEnergies JET-A1, SAF (Biojet)

TotalEnergies is a leading European jet fuel supplier investing heavily in SAF production through advanced biofuel technologies to meet sustainability targets.

Sustainability Initiatives:

• 10% SAF in total jet fuel output by 2030 target
• Europe’s largest SAF plant in Normandy

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6️⃣ 5. BP (Air BP)

Headquarters: London, United Kingdom
Key Offering: Jet A-1, Avgas, SAF

BP’s aviation division provides certified SAF at international airports and is advancing SAF logistics to achieve net-zero aviation operations.

Sustainability Initiatives:

• Certified SAF at multiple airports
• Net-zero aviation target

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5️⃣ 6. Neste Corporation

Headquarters: Espoo, Finland
Key Offering: Neste MY Sustainable Aviation Fuel™

Neste is the global leader in SAF production with over 1 million tons/year capacity, supplying major airlines and airports with sustainable fuel solutions.

Sustainability Initiatives:

• Current SAF output: 1 million tons/year
• Target: 2 million tons/year by 2026

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4️⃣ 7. Gazprom Neft Aero

Headquarters: Saint Petersburg, Russia
Key Offering: TS-1, Jet A-1

p>Gazprom Neft Aero serves Russian airlines with aviation fuel and is developing synthetic aviation fuel technologies.

Sustainability Initiatives:

• Limited SAF involvement due to geopolitical constraints
• R&D in synthetic aviation fuels

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3️⃣ 8. Indian Oil Corporation Ltd. (IOCL)

Headquarters: New Delhi, India
Key Offering: Jet A-1, Bio-ATF (SAF)

IOCL is India’s top jet fuel supplier developing bio-based aviation fuel and testing SAF on civil and military aircraft.

Sustainability Initiatives:

• Bio-jet fuel research
• Public-private SAF production partnerships

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2️⃣ 9. Phillips 66

Headquarters: Houston, Texas, USA
Key Offering: Jet A, Jet A-1, SAF

Phillips 66 is converting refineries to produce renewable fuels, including SAF, with a target of 800 million gallons/year.

Sustainability Initiatives:

• 800 million gallons/year renewable fuel target
• SAF supply chain expansion

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1️⃣ 10. World Fuel Services

Headquarters: Miami, Florida, USA
Key Offering: Jet A, Jet A-1, SAF Distribution

World Fuel Services specializes in aviation fuel logistics and SAF distribution to airlines and airports worldwide.

Sustainability Initiatives:

• End-to-end SAF solutions
• Strategic SAF partnerships

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🌍 Outlook: The Future of Aircraft Jet Fuel

The aviation fuel industry is undergoing a transformation with rapid SAF capacity expansion in key regions and regulatory support for sustainable fuel adoption.

📈 Key Trends:

• EU, US and Asia leading SAF capacity expansion
• 2-10% SAF blending mandates by 2030
• Digital fuel supply chain management
• Airline-fuel company collaborations

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