The “Global Jet Fuel Market” size was estimated at USD 543.10 million in 2023 and is projected to reach USD 973.55 million by 2032, exhibiting a CAGR of 6.70% during the forecast period.

The “North America Jet Fuel Market size was estimated at USD 158.24 million in 2023, at a CAGR of 5.74% during the forecast period of 2024 through 2032.

As global air travel rebounds post-pandemic, the jet fuel market is undergoing significant transformation. These top 10 companies are leading the charge through innovative fuel solutions, sustainability initiatives, and strategic global partnerships that are reshaping aviation fuel supply chains.

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🔟 1. ExxonMobil Corporation

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

ExxonMobil maintains a dominant position in global jet fuel supply through its extensive refining network. The company has committed $15 billion to low-emission energy solutions through 2027, with SAF as a strategic priority.

Sustainability Initiatives:

• Advanced biofuels research including algae-based solutions
• 44 billion gallons in SAF offtake agreements secured
• Carbon capture technology integration for fuel production

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9️⃣ 2. Shell Aviation

Headquarters: London, UK
Key Offering: AeroShell fuels, SAF solutions

Shell fuels approximately 8% of global commercial flights through its operations at 900+ airports. The company is scaling SAF production through its expanded biofuels facility in Rotterdam.

Sustainability Initiatives:

• 10% SAF blending mandate achieved in UK operations
• 2 million tonnes/year SAF production target by 2025
• Blockchain-powered emissions tracking pilots

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8️⃣ 3. Chevron Corporation

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

Chevron entered the SAF market through its acquisition of Renewable Energy Group, bolstering its renewable fuel capabilities. The company is testing novel bio-feedstocks for aviation applications.

Sustainability Initiatives:

• 100,000 barrels/day renewable fuel target by 2030
• Carbon offset programs for corporate aviation clients
• Regional SAF supply partnerships with major airlines

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7️⃣ 4. TotalEnergies

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

TotalEnergies operates Europe’s first dedicated SAF production facility and is expanding capacity through its Normandy biorefinery conversion.

Sustainability Initiatives:

• Produced 16,000 tons SAF in 2022 (5% of EU output)
• Partnering with Sunfire on e-fuel development
• 50% SAF blending target for French aviation by 2025

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Jet Fuel Market – View in Detailed Research Report

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6️⃣ 5. BP (Air BP)

Headquarters: London, UK
Key Offering: Jet A-1, BP Biojet

BP’s aviation division supplies fuel at over 700 global locations and is converting refineries to focus on biofuel production, including SAF.

Sustainability Initiatives:

• SAF supplied at 22 airports across 5 continents
• Biojet production from waste oils at Lingen refinery
• 15 million+ gallons cumulative SAF sales

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5️⃣ 6. Neste Corporation

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

Neste leads global SAF production with 1 million ton/year capacity and supplies over 60 airlines with its renewable fuel.

Sustainability Initiatives:

• Capacity expansion to 1.5M tons/year via Singapore
• 2023 SAF output reached 150,000 tons (+200% YoY)
• 90% life-cycle GHG reduction vs conventional fuel

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4️⃣ 7. Gazprom Neft Aero

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

Gazprom Neft Aero serves 250+ airlines and dominates fuel supply in Russia and CIS countries through its extensive logistics network.

Sustainability Initiatives:

• R&D into synthetic aviation fuels
• Exploration of biofuel blends for regional aviation

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3️⃣ 8. Indian Oil Corporation Ltd. (IOCL)

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

IOCL leads India’s SAF development, supplying 100+ airports and conducting successful bio-ATF test flights with national carriers.

Sustainability Initiatives:

• Second-gen ethanol plant in Panipat
• 5% SAF blending target for Indian aviation by 2025
• Military and civil aviation test flights completed

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2️⃣ 9. Phillips 66

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

Phillips 66 is converting its San Francisco refinery into an 800M gallon/year renewable fuels plant, with significant SAF production.

Sustainability Initiatives:

• First SAF delivery to SFO in 2022
• Partnership with Southwest Airlines for SAF supply
• Processing diverse feedstocks (vegetable oils, animal fats)

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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 provides logistics for 8,000+ aviation customers and has significantly expanded SAF availability across its network.

Sustainability Initiatives:

• SAF available at 30+ global airports
• Book & Claim system for carbon tracking
• 300% SAF transaction growth since 2021

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🌍 Market Outlook: The SAF Acceleration

The jet fuel industry’s future lies in sustainable alternatives, with global SAF production capacity projected to expand tenfold by 2030. While currently under 0.5% of total supply, SAF adoption is accelerating through:

📈 Key Market Drivers:

• Major airline decarbonization commitments
• Government blending mandates taking effect
• Oil majors shifting refinery capacity to biofuels
• Technology advancements across SAF pathways

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Jet Fuel Market – View in Detailed Research Report

These industry leaders aren’t just supplying fuel – they’re actively engineering the sustainable future of global aviation through innovation, investment and infrastructure development.