The Global Biojet Fuels Market was valued at approximately USD 540 Million in 2023 and is projected to exceed USD 8.3 Billion by 2030, growing at a remarkable Compound Annual Growth Rate (CAGR) of over 48% during the forecast period (2024–2030). This exponential growth is predominantly fueled by stringent global carbon emission regulations, ambitious net-zero commitments from major airlines, and robust government support for Sustainable Aviation Fuel (SAF) production and adoption.

As the aviation sector accelerates its journey toward decarbonization, the strategic importance of biojet fuel producers has never been greater. These companies are at the forefront of developing drop-in renewable fuels that can significantly reduce the carbon footprint of air travel. In this blog, we profile the Top 10 Companies in the Biojet Fuels Industry—a dynamic group of energy innovators, technology developers, and fuel suppliers who are building the foundation for a sustainable aviation future.

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🔟 1. Neste Oyj

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

Neste is the undisputed global leader in renewable diesel and sustainable aviation fuel production. The company’s proprietary NEXBTL technology enables it to produce high-quality SAF from a wide range of renewable raw materials, including used cooking oil and animal fat waste. Neste MY SAF can reduce greenhouse gas emissions by up to 80% over its lifecycle compared to conventional jet fuel.

Sustainability Initiatives:

• Current SAF production capacity of over 1 million tons per year

• Target to achieve 2 million tons of SAF annual production capacity by the end of 2026

• Strategic partnerships with major airlines including Lufthansa Group, KLM, and American Airlines

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9️⃣ 2. World Energy, LLC

Headquarters: Boston, Massachusetts, USA
Key Offering: Sustainable Aviation Fuel (HEFA pathway)

World Energy operates the first commercial-scale SAF production facility in North America, located in Paramount, California. The company has been a pioneer in renewable fuel production for over two decades and is currently expanding its capacity to meet growing airline demand for low-carbon fuel solutions.

Sustainability Initiatives:

• Investing $2 billion to expand SAF production capacity to 300 million gallons per year

• Multi-year SAF supply agreements with United Airlines, JetBlue, and other major carriers

• Working with Airbus to advance SAF adoption and infrastructure development

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8️⃣ 3. TotalEnergies SE

Headquarters: Paris, France
Key Offering: Biojet SAF produced at La Mède biorefinery

TotalEnergies is transforming its traditional refineries into platforms for biofuel production. The company’s La Mède biorefinery in France has been converted to produce hydrotreated vegetable oil (HVO), including sustainable aviation fuel. TotalEnergies is actively developing multiple SAF production pathways to support the aviation industry’s energy transition.

Sustainability Initiatives:

• Produced first batch of SAF at La Mède biorefinery in 2021

• Partnerships with Airbus and other aviation stakeholders to accelerate SAF deployment

• Target to produce 1.5 million tons of SAF annually by 2030

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7️⃣ 4. Fulcrum BioEnergy, Inc.

Headquarters: Pleasanton, California, USA
Key Offering: Biojet fuel from municipal solid waste

Fulcrum BioEnergy has developed a proprietary process to convert municipal solid waste into low-carbon transportation fuels, including sustainable aviation fuel. The company’s Sierra BioFuels Plant in Nevada represents a significant advancement in waste-to-fuel technology and serves as a model for future facilities.

Sustainability Initiatives:

• Sierra BioFuels Plant began operations in 2022 with capacity to produce 11 million gallons of SAF annually

• Long-term feedstock agreements with waste management companies

• Strategic partnerships with United Airlines, BP, and Japan Airlines

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6️⃣ 5. Gevo, Inc.

Headquarters: Englewood, Colorado, USA
Key Offering: Alcohol-to-Jet (ATJ) sustainable aviation fuel

Gevo is developing renewable biofuels, including sustainable aviation fuel, using a unique integrated production system. The company’s patented technology converts cellulosic biomass and sustainable carbohydrates into hydrocarbons that can be processed into drop-in fuels. Gevo’s Net-Zero projects aim to produce energy-dense liquid hydrocarbons with net-zero greenhouse gas emissions.

Sustainability Initiatives:

• Developing Net-Zero 1 project in South Dakota with planned capacity of 55 million gallons per year

• Multi-year SAF supply agreements with Delta Air Lines and Scandinavian Airlines

• Focus on sustainable agriculture practices for feedstock production

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5️⃣ 6. LanzaTech, Inc.

Headquarters: Skokie, Illinois, USA
Key Offering: Alcohol-to-Jet fuel from waste carbon

LanzaTech has pioneered carbon capture and transformation technology that converts industrial waste gases into ethanol, which can then be converted into sustainable aviation fuel. The company’s innovative approach turns carbon emissions into valuable products, creating a circular carbon economy.

Sustainability Initiatives:

• Commercial-scale gas fermentation plants operating in China

• Partnership with Virgin Atlantic for the first commercial flight using LanzaTech ATJ fuel

• Collaboration with Mitsui & Co. to build SAF production facilities in Japan

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4️⃣ 7. SkyNRG

Headquarters: Amsterdam, Netherlands
Key Offering: Sustainable Aviation Fuel supply and advisory services

SkyNRG has established itself as a global market leader for SAF, having supplied over 30 airlines worldwide. The company operates across the entire SAF value chain, from sourcing sustainable feedstocks to fuel delivery and sustainability certification. SkyNRG is also developing dedicated SAF production facilities through its DSL-01 project in the Netherlands.

Sustainability Initiatives:

• Developing Europe’s first dedicated SAF production plant in Delfzijl, Netherlands

• Strategic partnerships with KLM, SHV Energy, and Google

• Implementation of strict sustainability criteria through the Board Now program

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3️⃣ 8. Velocys plc

Headquarters: Oxford, United Kingdom
Key Offering: Fischer-Tropsch (FT) technology for waste-to-jet-fuel

Velocys develops technology that enables the production of sustainable aviation fuel from a variety of waste feedstocks using Fischer-Tropsch synthesis. The company’s integrated technology solution is designed for commercial-scale deployment and can process municipal solid waste, agricultural residues, and other non-food biomass.

Sustainability Initiatives:

• Developing the Bayou Fuels project in Mississippi for waste wood to SAF conversion

• Partnership with British Airways and Shell for waste-to-jet-fuel plant in the UK

• Focus on carbon-negative fuel production through carbon capture and storage integration

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2️⃣ 9. Red Rock Biofuels

Headquarters: Fort Collins, Colorado, USA
Key Offering: Fischer-Tropsch renewable jet fuel from woody biomass

Red Rock Biofuels is developing biorefineries that convert waste woody biomass into renewable jet fuel, diesel, and naphtha. The company’s integrated approach utilizes forest residues and other woody waste materials that would otherwise be burned or left to decompose, creating a sustainable feedstock solution.

Sustainability Initiatives:

• Developing biorefinery in Lakeview, Oregon with capacity for 15 million gallons per year

• Long-term fuel offtake agreements with Southwest Airlines and FedEx

• Focus on utilizing forest residues to reduce wildfire risk while producing renewable fuel

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1️⃣ 10. Aemetis, Inc.

Headquarters: Cupertino, California, USA
Key Offering: Biojet fuel from renewable oils and sugarcane

Aemetis is a renewable natural gas and renewable fuels company focused on negative carbon intensity products. The company is developing the Carbon Zero sustainable aviation fuel and renewable diesel production project at its Riverbank plant in California, which will utilize hydroelectric and solar energy to produce ultra-low carbon fuels.

Sustainability Initiatives:

• Planning to produce 90 million gallons annually of SAF and renewable diesel at Riverbank plant

• Utilizing orchard and forest wood waste as feedstocks

• Multi-year SAF supply agreement with Delta Air Lines for 250 million gallons

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🌍 Outlook: The Future of Biojet Fuels Is Scaling and Innovation

The biojet fuels market is experiencing unprecedented momentum as the aviation industry commits to substantial carbon reduction targets. While current production represents only a fraction of global jet fuel demand, the pipeline of announced projects suggests rapid scaling throughout the decade. The convergence of technology advancement, policy support, and corporate sustainability commitments is creating favorable conditions for exponential market growth.

📈 Key Trends Shaping the Market:

• Accelerated policy support including blending mandates in the European Union and tax incentives in the United States

• Diversification of feedstocks beyond traditional vegetable oils to include waste streams, algae, and synthetic biology approaches

• Advancements in production technologies reducing costs and improving fuel yields

• Strategic partnerships across the value chain from feedstock suppliers to airlines and airports

The companies profiled above are not only developing the fuels that will power sustainable aviation—they’re creating an entirely new energy ecosystem that balances environmental responsibility with the global need for air connectivity. As production scales and costs decline, biojet fuels are poised to become an increasingly significant component of the aviation energy mix, enabling the industry to meet its ambitious climate targets while maintaining global mobility.

Get Full Report Here: Biojet Fuels Market – View in Detailed Research Report