The Global Synthetic Kerosene Market was valued at USD 1.08 Billion in 2023 and is projected to reach USD 13.28 Billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 27.8% during the forecast period (2024-2030). This exponential growth is driven by stringent emissions regulations, airline decarbonization commitments, and rapid technological advancements in biofuel and power-to-liquid (PTL) fuel production.
As the aviation sector accelerates its transition to low-carbon operations, synthetic kerosene has emerged as a critical solution for sustainable air travel. In this blog, we analyze the Top 10 Companies in the Synthetic Kerosene Industry – a mix of energy majors, biofuel specialists, and clean-tech innovators shaping the future of aviation fuels.
🔟 1. Neste
Headquarters: Espoo, Finland
Key Offering: Neste MY Sustainable Aviation Fuel™
Neste is the global leader in renewable fuels, producing SAF from 100% renewable waste and residue raw materials. Their proprietary HEFA (Hydroprocessed Esters and Fatty Acids) technology currently dominates the SAF market.
Sustainability Initiatives:
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Current SAF production capacity: 1 million tons/year
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Target: 2.2 million tons/year by 2026
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Partnerships with major airlines including Lufthansa and American Airlines
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9️⃣ 2. World Energy
Headquarters: Boston, Massachusetts, USA
Key Offering: Sustainable Aviation Fuel from waste fats
World Energy operates North America’s first commercial-scale SAF production facility in Paramount, California, with expansion projects underway. The company supplies major West Coast airports and airlines.
Sustainability Initiatives:
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45 million gallons/year current SAF capacity
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Planned expansion to 300 million gallons/year by 2025
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Strategic partnership with Microsoft for corporate travel decarbonization
8️⃣ 3. TotalEnergies
Headquarters: Paris, France
Key Offering: Biojet SAF from HEFA process
TotalEnergies is scaling up SAF production through its European biorefineries while investing in R&D for power-to-liquid synthetic fuels. The company aims to supply 10% of Europe’s aviation fuel demand by 2030.
Sustainability Initiatives:
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Launches SAF at over 30 French airports
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Partnership with Airbus on SAF certification
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Investments in SAF production from microalgae
Download FREE Sample Report: Synthetic Kerosene Market – View in Detailed Research Report
7️⃣ 4. Honeywell UOP
Headquarters: Charlotte, North Carolina, USA
Key Offering: Ecofining™ technology for SAF production
Honeywell’s UOP division provides licensed technology for converting biological feedstocks into SAF, powering over 40% of global SAF production capacity.
Sustainability Initiatives:
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9 Ecofining™ units sold globally for SAF production
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Technology enables up to 80% lifecycle emissions reduction
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Developing next-gen SAF pathways from ethanol and biomass
6️⃣ 5. SkyNRG
Headquarters: Amsterdam, Netherlands
Key Offering: SAF supply chain solutions
SkyNRG is a dedicated SAF company with global operations, specializing in SAF sourcing, distribution, and consulting services for airlines and airports worldwide.
Sustainability Initiatives:
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Featured in KLM’s Corporate BioFuel Program
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Developing dedicated SAF production plants in Europe
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Carbon offsetting programs for aviation
5️⃣ 6. LanzaJet
Headquarters: Chicago, Illinois, USA
Key Offering: Alcohol-to-Jet (AtJ) SAF technology
LanzaJet’s innovative process converts ethanol into synthetic paraffinic kerosene (SPK), providing new feedstock options for SAF production beyond traditional bio-based routes.
Sustainability Initiatives:
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First commercial AtJ plant operational in Georgia, USA
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Potential to utilize waste-based and CO₂-derived ethanol
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Strategic partnerships with Mitsui & Co. and British Airways
4️⃣ 7. Swedish Biofuels AB
Headquarters: Stockholm, Sweden
Key Offering: Advanced synthetic biofuels
This Swedish innovator develops synthetic biofuels using advanced gasification and Fischer-Tropsch technologies optimized for aviation applications.
Sustainability Initiatives:
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Demonstration facility produces 100% fossil-free jet fuel
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Patented biomass conversion technology
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Collaboration with major aerospace manufacturers
Download FREE Sample Report: Synthetic Kerosene Market – View in Detailed Research Report
3️⃣ 8. Eni SpA
Headquarters: Rome, Italy
Key Offering: Biojet from Venice and Gela biorefineries
Italian energy major Eni is converting traditional refineries into bio-refineries, producing sustainable aviation fuel alongside renewable diesel.
Sustainability Initiatives:
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1.1 million tons/year bio-refining capacity
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SAF utilization in Eni’s corporate aviation
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Development of waste-to-fuel technologies
2️⃣ 9. Virent Inc.
Headquarters: Madison, Wisconsin, USA
Key Offering: BioForm® synthetic kerosene
Virent, a subsidiary of Marathon Petroleum, develops bio-based aromatic jet fuel that can fully replace conventional jet fuel without blending limitations.
Sustainability Initiatives:
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Unique technology producing 100% sustainable drop-in fuel
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Feedstock flexibility including sugars and lignocellulosics
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Strategic partnership with Coca-Cola for plant-based packaging
1️⃣ 10. BP
Headquarters: London, UK
Key Offering: SAF through Air BP
BP’s aviation division is integrating SAF into its global fuel supply chain while investing in multiple production technologies across its portfolio.
Sustainability Initiatives:
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Targeting 20% share of SAF market by 2030
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Supply agreements with major European airlines
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Investment in Fulcrum BioEnergy for waste-to-jet fuel
Get Full Report Here: Synthetic Kerosene Market – View in Detailed Research Report
🌍 Outlook: The Synthetic Kerosene Market Is Poised for Exponential Growth
The synthetic kerosene market represents the cutting edge of sustainable aviation fuel development, with multiple technological pathways competing to scale production and reduce costs.
📈 Key Trends Shaping the Market:
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EU blending mandates driving 5-10% SAF adoption by 2030
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Power-to-liquid (PtL) technologies gaining momentum alongside biofuels
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Airline offtake agreements securing SAF production financing
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Growing investor interest in clean aviation technologies
Get Full Report Here: Synthetic Kerosene Market – View in Detailed Research Report
The companies leading the synthetic kerosene revolution are not just supplying fuel—they’re building the foundation for carbon-neutral aviation.
