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 operation 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 investment in SAF technologies such as algae-based and synthetic fuel.
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 requirements 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 portfolio with SAF through acquisitions and technological advancements in bio-refining processes to support aviation decarbonization goals.
Sustainability Initiatives:
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Renewable fuel targets of 100,000 b/d by 2030
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SAF supply partnerships with airlines and logistics hubs
7️⃣ 4. TotalEnergies
Headsworth: Paris, France
Key Offering: TotalEnergies JET-A1, SAF (Biojet)
TotalEnergies is a leading European jet fuel supplier serving both civil and defense aviation sectors with significant investments in SAF production technologies including HEFA and other next-generation fuel solutions.
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 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 delivers fuel to over 700 locations globally with a focus on carbon-neutral solutions and advancing SAF distribution infrastructure across international markets.
Sustainability Initiatives:
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Certified SAF at multiple international airports
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Net-zero targets for aviation operations
5️⃣ 6. Neste Corporation
Headquarters: Espoo, Finland
Key Offering: Neste MY Sustainable Aviation Fuel™
Neste leads the global SAF market with proprietary technology producing over 1 million tons annually of sustainable aviation fuel compatible with existing aircraft and infrastructure.
Sustainability Initiatives:
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Current SAF production: 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 is Russia’s leading jet fuel provider serving over 250 airlines with 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 fuels
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 with 100+ airports served and indigenous bio-jet fuel technology development for sustainable aviation solutions.
Sustainability Initiatives:
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Bio-jet fuel research
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Public-private partnerships for SAF production
2️⃣ 9. Phillips 66
Headquarters: Houston, Texas, USA
Key Offering: Jet A, Jet A-1, SAF
Phillips 66 is transforming refineries into renewable fuel facilities with 800 million gallon/year capacity for sustainable aviation fuel production.
Sustainability Initiatives:
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Renewable fuel production targets
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SAF supply chain expansion
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 for 8,000+ aircraft operators with comprehensive SAF solutions and carbon offset services.
Sustainability Initiatives:
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End-to-end SAF solutions
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Strategic SAF partnerships
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🌍 Outlook: The Future of Aircraft Jet Fuel
The aircraft jet fuel market is undergoing significant transformation with rapid SAF adoption, digitalization of supply chains, and increasing regulatory support for sustainable aviation solutions.
📈 Key Market Trends:
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EU, US and Asia leading SAF capacity expansion
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2-10% SAF blending mandates by 2030
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Digital fuel tracking and emissions monitoring
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Airline-fuel company alliances for decarbonization
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These industry leaders are not just supplying fuel – they’re driving the aviation sector’s transition to sustainable energy solutions for a cleaner future.
