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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 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 demand 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.
🔟 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:
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Scaling advanced biofuels
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SAF partnerships with global airlines
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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 Services
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 and carbon reduction targets in the aviation sector.
Sustainability Initiatives:
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Strategic SAF investments
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Collaboration with airports and regulators to streamline SAF supply chains
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 footprint with SAF through its acquisition of Renewable Energy Group. It is also engaged in bio-refining technology to support aviation decarbonization goals.
Sustainability Initiatives:
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Renewable fuel target of 100,000 b/d by 2030
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SAF supply partnerships with airlines and logistics hubs
7️⃣ 4. TotalEnergies
Headquarters: Paris, France
Key Offering: TotalEnergies JET-A1, SAF (Biojet)
TotalEnergies is one of Europe’s leading jet fuel suppliers, serving both civil and defense aviation sectors. The company is heavily invested in SAF, particularly through HEFA (Hydroprocessed Esters and Fatty Acids) and other next-gen fuel production processes.
Sustainability Initiatives:
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Goal of 10% SAF in total jet fuel output by 2030
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Europe’s largest SAF plant inaugurated in Normandy
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6️⃣ 5. BP (Air BP)
Headquarters: London, United Kingdom
Key Offering: Jet A-1, Avgas, SAF
BP’s Air BP arm delivers aviation fuel and services at more than 700 locations globally. The company provides carbon-neutral fueling options and is advancing the logistics of SAF distribution across continents.
Sustainability Initiatives:
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Offers certified SAF at multiple international airports
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Targets net-zero across its aviation operations
5️⃣ 6. Neste Corporation
Headquarters: Espoo, Finland
Key Offering: Neste MY Sustainable Aviation Fuel™
Neste is the global market leader in SAF production, supplying its proprietary Neste MY SAF to major airlines, airports, and logistics operators worldwide. Its fuel is compatible with existing jet engines and infrastructure.
Sustainability Initiatives:
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Current SAF output: Over 1 million tons/year
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Target: 2 million tons/year by 2026
4️⃣ 7. Gazprom Neft Aero
Headquarters: Saint Petersburg, Russia
Key Offering: TS-1, Jet A-1
Gazprom Neft Aero serves over 250 airlines with aviation fuel and is the largest jet fuel provider in Russia and the CIS region. It plays a vital role in fuel logistics across Eastern Europe and Central Asia.
Sustainability Initiatives:
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Limited public SAF involvement due to geopolitical constraints
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R&D into synthetic aviation fuel under local innovation programs
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, distributing fuel to over 100 airports nationwide and abroad. It has developed Bio-ATF (bio-based aviation turbine fuel) and successfully tested SAF on both civil and military aircraft.
Sustainability Initiatives:
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Indigenous bio-jet fuel research
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Public-private collaboration to scale SAF production
2️⃣ 9. Phillips 66
Headquarters: Houston, Texas, USA
Key Offering: Jet A, Jet A-1, SAF
Phillips 66 is a key player in U.S. jet fuel refining and distribution. Its Rodeo Renewed initiative is converting an existing refinery into one of the world’s largest renewable fuel facilities.
Sustainability Initiatives:
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Aims to produce 800 million gallons/year of renewable fuel
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Major SAF supply chain expansion underway
1️⃣ 10. World Fuel Services
Headquarters: Miami, Florida, USA
Key Offering: Jet A, Jet A-1, SAF Distribution & Logistics
World Fuel Services specializes in the logistics of aviation fuel, supporting over 8,000 aircraft operators, airports, and military agencies worldwide. It is a leader in SAF distribution and carbon offset services.
Sustainability Initiatives:
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End-to-end SAF solutions for global carriers
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Strategic partnerships with SAF producers and airports
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🌍 Outlook: The Future of Aircraft Jet Fuel
The aircraft jet fuel market is undergoing a dynamic shift toward sustainability, with SAF production capacity expected to grow significantly in the coming years. Key industry players are investing heavily in renewable fuel technologies to meet the aviation industry’s decarbonization goals.
Key Market Trends:
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Rapid expansion of SAF production capacity in North America and Europe
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Development of new SAF production pathways beyond HEFA
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Increasing airline commitments to SAF adoption
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Government policies supporting SAF development and adoption
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The companies profiled above are leading the aviation industry’s transition to sustainable aviation fuel, developing innovative solutions to reduce the carbon footprint of air travel while maintaining fuel performance and reliability.
