The Global Jet Engine Fuel Market is a cornerstone of the aviation sector, projected to grow significantly as global air travel rebounds and expands. While precise figures fluctuate with market dynamics, expert analysis from comprehensive market research, including reports available on 24chemicalresearch.com, indicates a robust and expanding market. This growth trajectory is primarily fueled by the resurgence of international travel, increasing cargo flights, and a critical industry-wide pivot towards sustainability, accelerating the adoption of Sustainable Aviation Fuel (SAF). The market’s evolution is characterized by a complex interplay of traditional fuel supply and the rapid integration of innovative, low-carbon alternatives.

As the industry navigates the challenges of efficiency, cost, and environmental responsibility, the role of leading fuel suppliers becomes increasingly pivotal. These companies are not just fuel providers; they are strategic partners in aviation’s future, investing in refining technologies, global logistics networks, and pioneering SAF production. In this analysis, we profile the Top 10 Companies in the Jet Engine Fuel Industry—a group of established energy giants and specialized innovators who are shaping the infrastructure and fuel pathways for the next generation of flight.

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🔟 1. ExxonMobil Corporation

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

ExxonMobil stands as one of the world’s largest publicly traded energy providers and a major supplier of jet engine fuel. The company’s aviation division delivers high-quality Jet A and Jet A-1 fuels to a vast network of commercial, private, and military aviation customers across the globe. ExxonMobil is actively advancing its portfolio to include lower-emission solutions, with significant research and development investments in advanced biofuels and carbon capture technologies relevant to SAF production.

Sustainability Initiatives:

• Investment in algae-based biofuel research for aviation applications.

• Strategic partnerships with airlines to test and scale SAF usage.

• Corporate-wide ambition to achieve net-zero Scope 1 and 2 emissions from operated assets by 2050.

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9️⃣ 2. Shell Aviation

Headquarters: London, United Kingdom
Key Offering: Jet A-1, Avgas, SAF, and comprehensive fuel management services

Shell Aviation is a global leader, supplying fuel at over 800 airports in more than 60 countries. The company provides a full suite of services beyond fuel supply, including technical support and digital solutions for fuel efficiency. Shell is at the forefront of the SAF market, with ambitious production targets and a focus on building integrated supply chains to make sustainable fuel more accessible to airlines worldwide.

Sustainability Initiatives:

• Target to produce around 2 million tonnes of SAF per year by 2025.

• Active collaborations with major airports and airlines to create SAF hubs and streamline logistics.

• Offering carbon credit programs to help customers manage their emissions.

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8️⃣ 3. Chevron Corporation

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

Chevron is a key player in the global energy landscape, with a substantial aviation fuel business. The company supplies reliable jet fuel to a diverse client base while actively expanding its renewable energy footprint. Through its acquisition of Renewable Energy Group, Chevron has significantly enhanced its capabilities in biofuel production, positioning itself to be a major supplier of renewable jet fuel in the coming years.

Sustainability Initiatives:

• Aiming to grow renewable fuels production capacity to 100,000 barrels per day by 2030.

• Forming strategic partnerships to co-process bio-feedstocks in its refineries to produce SAF.

• Investing in new technologies like hydrogen and carbon capture to support decarbonization.

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7️⃣ 4. TotalEnergies

Headquarters: Paris, France
Key Offering: TotalEnergies JET A-1, SAF (Biojet)

TotalEnergies is a leading energy company with a strong presence in the European aviation fuel market and beyond. The company is committed to transforming into a broad-energy company, with a significant portion of its investments directed towards electricity and renewables, including biofuels. TotalEnergies is actively producing SAF at its bio-refineries and has set clear targets to increase its share in the aviation fuel mix.

Sustainability Initiatives:

• Goal to produce 1.5 million tonnes of SAF annually by 2030.

• Production of SAF at its La Mède biorefinery in France and its Oudalle plant, using waste oils and fats.

• Partnerships with airlines like Air France-KLM to supply SAF on long-term agreements.

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6️⃣ 5. BP (Air BP)

Headquarters: London, United Kingdom
Key Offering: Jet A-1, Avgas, SAF, and aviation fuel services

BP’s aviation division, Air BP, is one of the world’s leading suppliers of aviation fuel, with a presence at over 700 global locations. The company provides fuel and lubricants for a wide range of aircraft. Air BP is deeply involved in the SAF ecosystem, both as a supplier and a logistics expert, helping to navigate the challenges of transporting and blending sustainable fuel into the existing aviation infrastructure.

Sustainability Initiatives:

• Supplying SAF at an increasing number of key airports across Europe and North America.

• Developing digital platforms to track the lifecycle carbon intensity of fuels.

• Aiming to increase annual SAF production to around 100,000 barrels per day by 2030.

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5️⃣ 6. Neste Corporation

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

Neste is arguably the world’s leading producer of sustainable aviation fuel. The Finnish company has leveraged its expertise in renewable diesel to become a powerhouse in SAF, which is made from 100% renewable waste and residue raw materials. Neste’s SAF is a drop-in fuel, requiring no modifications to aircraft or fuel infrastructure, making it a highly practical solution for reducing emissions immediately.

Sustainability Initiatives:

• Current SAF production capacity is over 1 million tons per year, with ongoing expansion projects.

• Target to have the capacity to produce 1.5 million tons of SAF annually by the end of 2024.

• Partnerships with numerous major airlines and airports worldwide, including San Francisco International Airport and Heathrow Airport.

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4️⃣ 7. World Fuel Services

Headquarters: Miami, Florida, USA
Key Offering: Jet A, Jet A-1, comprehensive SAF logistics and carbon solutions

World Fuel Services is a global leader in energy procurement, logistics, and payment solutions. Unlike traditional oil majors, WFS specializes in the complex logistics of fuel supply, serving over 8,000 customers including airlines, airports, and militaries. The company is a critical enabler in the SAF market, providing the supply chain expertise needed to connect SAF producers with end-users across the globe.

Sustainability Initiatives:

• Offering end-to-end SAF solutions, including sourcing, logistics, and risk management.

• Providing carbon offset and sustainability consulting services to help clients achieve their environmental goals.

• Strategic alliances with SAF producers and technology companies to scale availability.

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3️⃣ 8. Phillips 66

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

Phillips 66 is a leading refiner in the United States with a significant presence in the jet fuel market. The company is proactively transitioning its business model to include more renewable fuels. Its “Rodeo Renewed” project, which involves the conversion of its San Francisco Refinery in California into one of the world’s largest renewable fuels facilities, is a testament to this commitment and will substantially increase its SAF output.

Sustainability Initiatives:

• The Rodeo Renewed project aims to produce over 800 million gallons per year of renewable fuels, including SAF, upon completion.

• Partnering with Southwest Airlines for a multi-year SAF offtake agreement.

• Investing in the optimization of existing refineries to co-process bio-feedstocks.

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2️⃣ 9. Indian Oil Corporation Ltd. (IOCL)

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

Indian Oil Corporation is India’s largest commercial enterprise and the dominant supplier of jet fuel in the rapidly growing South Asian aviation market. The corporation has been proactive in developing indigenous sustainable aviation fuel, successfully producing and testing Bio-ATF derived from non-edible vegetable oils. IOCL is crucial to meeting India’s future aviation fuel demands and decarbonization ambitions.

Sustainability Initiatives:

• Pioneering the production of Bio-ATF in India, with successful test flights conducted in partnership with the Indian Air Force and commercial carriers.

• Planning to set up dedicated SAF production units to cater to the domestic market.

• Active participation in public-private initiatives to create a sustainable aviation ecosystem in India.

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1️⃣ 10. Valero Energy Corporation

Headquarters: San Antonio, Texas, USA
Key Offering: Jet A, Jet A-1, Renewable Diesel (with SAF potential)

Valero is one of the world’s largest independent petroleum refiners and ethanol producers. It is also a major player in renewable fuels, operating as one of the largest producers of renewable diesel in the U.S. through its Diamond Green Diesel joint venture. This existing infrastructure and expertise in biofuels provide a strong foundation for Valero to become a significant producer of Sustainable Aviation Fuel as market demand accelerates.

Sustainability Initiatives:

• Massive renewable diesel production capacity through Diamond Green Diesel, which can be adapted for SAF production.

• Ongoing investments to expand renewable fuel output, positioning the company to respond to increasing SAF mandates.

• Supplying low-carbon feedstocks and leveraging existing logistics for efficient fuel distribution.

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🌍 Outlook: The Future of Jet Engine Fuel Is Sustainable and Integrated

The jet engine fuel market is at a critical inflection point. While conventional petroleum-based fuels will remain essential for the foreseeable future due to scale and infrastructure, the industry’s trajectory is unmistakably pointed toward sustainability. Billions of dollars are being invested in low-carbon fuel production, supply chain optimization, and digital tools to enhance efficiency and transparency.

📈 Key Trends Shaping the Market:

• Policy-Driven SAF Adoption: Government mandates, such as the EU’s ReFuelEU Aviation initiative and tax incentives in the U.S. Inflation Reduction Act, are creating guaranteed demand for SAF, encouraging massive investment in production capacity.

• Technological Diversification: Beyond HEFA-based SAF, significant R&D is focused on Power-to-Liquids (PtL) or e-fuels, and alcohol-to-jet (AtJ) pathways to diversify feedstocks and further reduce lifecycle emissions.

• Supply Chain Collaboration: Unprecedented alliances between airlines, fuel suppliers, airports, and logistics companies are forming to overcome the challenges of SAF blending, transportation, and delivery.

• Digitalization and Transparency: Blockchain and other digital platforms are being developed to accurately track the environmental attributes of SAF from production to combustion, ensuring credibility for carbon accounting.

The companies profiled here are at the heart of this transformation. They are not merely supplying a commodity; they are actively engineering a more sustainable and efficient future for global aviation, ensuring that the industry can continue to connect the world while responsibly managing its environmental impact.

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Jet Engine Fuel Market – View in Detailed Research Report