The Global Jet Engine Fuel Market was valued at USD 170.25 Billion in 2025 and is projected to reach USD 235.89 Billion by 2034, growing at a Compound Annual Growth Rate (CAGR) of 4.8% during the forecast period (2024–2030). This robust growth trajectory is underpinned by a resurgence in global air travel, escalating demand from the military and cargo sectors, and the accelerating global commitment to Sustainable Aviation Fuel (SAF) adoption.

As the aviation sector navigates the dual challenges of meeting rising fuel demands and achieving ambitious decarbonization targets, the role of leading fuel suppliers has never been more critical. These companies are not just commodity suppliers; they are strategic partners in innovation, supply chain efficiency, and the transition to a sustainable aviation future. This blog profiles the Top 10 Companies in the Jet Engine Fuel Industry—a diverse group of energy giants, specialized refiners, and logistics experts who are defining the next chapter of aviation propulsion.

Download FREE Sample Report:
Jet Engine Fuel Market – View in Detailed Research Report

---

🔟 1. ExxonMobil Corporation

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

ExxonMobil stands as one of the world’s largest global suppliers of jet fuel, with a distribution network that spans major international airports. The company provides high-performance aviation fuels that meet stringent international specifications for commercial, private, and military aircraft. ExxonMobil is actively investing in lower-emission technologies, including advanced biofuels and carbon capture, to support the aviation industry’s sustainability goals.

Sustainability Initiatives:

• Investment in algae-based biofuel research and development
• Strategic partnerships with airlines for SAF testing and supply
• Corporate-wide ambition to achieve net-zero Scope 1 and 2 emissions from operated assets by 2050

---

9️⃣ 2. Shell Aviation

Headquarters: London, United Kingdom
Key Offering: Jet A-1, Aeroshell lubricants, SAF, Digital Fuel Management

Shell Aviation is a leading global supplier, fueling aircraft at over 800 locations in more than 60 countries. Beyond fuel supply, Shell offers a comprehensive suite of technical services and digital solutions to enhance operational efficiency and safety for its customers. The company is at the forefront of the SAF market, with a clear strategy to increase production and availability.

Sustainability Initiatives:

• Target to produce around 2 million tonnes of SAF per year by 2025
• Pioneering blockchain technology for carbon-neutral flight solutions
• Collaboration with major airport hubs to integrate SAF into standard fuel supply chains

---

8️⃣ 3. BP plc (Air BP)

Headquarters: London, United Kingdom
Key Offering: Jet A-1, Avgas 100LL, Sustainable Aviation Fuel

BP’s aviation division, Air BP, is a cornerstone of the global aviation fuel market, operating in over 55 countries. The company is renowned for its rigorous safety standards and operational excellence. Air BP is heavily invested in expanding its SAF portfolio and offers carbon offsetting options to help customers manage their emissions.

Sustainability Initiatives:

• Aiming to increase bioenergy production to 100,000 barrels per day by 2030
• Active SAF supplier at key airports like San Francisco, Los Angeles, and Helsinki
• Committed to becoming a net-zero company by 2050 or sooner

Download FREE Sample Report:
Jet Engine Fuel Market – View in Detailed Research Report

---

7️⃣ 4. TotalEnergies

Headquarters: Paris, France
Key Offering: Jet A-1, TotalEnergies BioJet (SAF)

TotalEnergies is a major player in the European and global aviation fuel markets. The company is deeply committed to the energy transition and has made significant strides in SAF production. Its SAF, produced from waste and residues, can reduce CO2 emissions by up to 90% over its lifecycle compared to fossil fuel.

Sustainability Initiatives:

• Goal to produce 1.5 million tonnes of SAF annually by 2030
• Conversion of the Grandpuits refinery in France into a zero-crude platform for biofuels and bioplastics
• Long-term SAF supply agreements with airlines including Air France-KLM and Airbus

---

6️⃣ 5. Chevron Corporation

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

Chevron is a leading integrated energy company with a substantial presence in the aviation fuel sector. Its acquisition of Renewable Energy Group has significantly bolstered its capabilities in renewable fuels, positioning it to become a leading supplier of SAF. Chevron supplies fuel to major airlines, cargo carriers, and the U.S. military.

Sustainability Initiatives:

• Target to grow renewable fuel production capacity to 100,000 barrels per day by 2030
• Investment in emerging technologies such as hydrogen and carbon capture
• Partnerships to advance the commercialization of SAF derived from agricultural waste

---

5️⃣ 6. Neste Oyj

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

Neste is the world’s leading producer of sustainable aviation fuel. Its proprietary Neste MY SAF is made from 100% renewable waste and residue raw materials. The fuel is a drop-in solution, requiring no modifications to aircraft or fueling infrastructure, and is trusted by airlines and airports globally.

Sustainability Initiatives:

• Current SAF production capacity of 1.2 million tons per year, with目标 to reach 2.2 million tons by 2026
• Partnerships with major airlines like Lufthansa Group, KLM, and American Airlines
• Pioneering role in creating end-to-end SAF value chains from production to wing

Download FREE Sample Report:
Jet Engine Fuel Market – View in Detailed Research Report

---

4️⃣ 7. World Fuel Services Corporation

Headquarters: Miami, Florida, USA
Key Offering: Jet fuel supply, logistics, price risk management, SAF solutions

World Fuel Services is a global leader in energy procurement, logistics, and management solutions. Unlike traditional refiners, it specializes in the complex logistics of sourcing and delivering aviation fuel to over 8,000 clients worldwide, including commercial airlines, cargo operators, and militaries. Its strength lies in its vast supply network and value-added services.

Sustainability Initiatives:

• Comprehensive SAF sourcing and delivery services for corporate and commercial clients
• Carbon offset and sustainability reporting programs
• Strategic alliances with SAF producers to streamline global distribution

---

3️⃣ 8. Phillips 66

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

Phillips 66 is a leading refiner in the United States with a significant stake in the aviation fuel market. The company is proactively transforming its business for a lower-carbon future. Its “Rodeo Renewed” project aims to convert its San Francisco Refinery into one of the world’s largest renewable fuels facilities.

Sustainability Initiatives:

• Rodeo Renewed project aims to produce over 800 million gallons per year of renewable fuels, including SAF
• Focus on producing SAF from refined vegetable oils, animal fats, and used cooking oil
• Commitment to a sustainable energy future through capital allocation towards energy transition projects

---

2️⃣ 9. Indian Oil Corporation Limited (IOCL)

Headquarters: New Delhi, India
Key Offering: Aviation Turbine Fuel (ATF), IndiGreen Bio-ATF (SAF)

Indian Oil is India’s largest commercial enterprise and the primary supplier of aviation fuel in the South Asian region. The corporation operates an extensive network of refineries and fuel stations across the country. IOCL is actively pursuing the development and commercialization of indigenous Sustainable Aviation Fuel to support India’s growing aviation sector and sustainability ambitions.

Sustainability Initiatives:

• Successful test flights using indigenously produced Bio-ATF from non-edible tree-borne oils
• Plans to set up dedicated SAF production units in the near future
• Active participant in India’s National Biofuel Policy, aiming for greater energy independence

---

1️⃣ 10. Gazprom Neft Aviation Fuel (GNAF)

Headquarters: Moscow, Russia
Key Offering: Jet A-1, TS-1 (Russian standard fuel)

Gazprom Neft’s aviation fueling division is a dominant supplier across Russia and the CIS countries. It provides refueling services at over 300 airports globally. The company has a strong focus on operational reliability and technical standards, ensuring a steady supply of high-quality jet fuel to its customers.

Sustainability Initiatives:

• Implementation of advanced fuel handling and quality control systems to minimize environmental impact
• Research into alternative fuel sources within the framework of national technological initiatives
• Focus on optimizing logistics to reduce the carbon footprint of fuel delivery

Get Full Report Here:
Jet Engine Fuel Market – View in Detailed Research Report

---

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

The jet engine fuel industry is at a pivotal juncture, balancing the immediate need for reliable, high-volume supply with the long-term imperative of decarbonization. The transition is not a simple fuel switch but a systemic transformation of the entire aviation energy ecosystem.

📈 Key Trends Shaping the Market:

• SAF Scale-Up: Massive investments are pouring into new production facilities worldwide, with production capacity expected to multiply several times over by 2030 to meet blending mandate targets in the EU, US, and other regions.
• Regulatory Momentum: Policies like the EU’s ReFuelEU Aviation initiative and the U.S. Inflation Reduction Act are creating powerful incentives and mandates, providing market certainty for SAF producers and consumers.
• Technological Diversification: Beyond HEFA-based SAF, significant R&D is focused on Power-to-Liquid (PtL) and Alcohol-to-Jet (AtJ) pathways, which promise even greater sustainability benefits in the long run.
• Digital Integration: The use of AI, IoT, and blockchain is optimizing fuel logistics, enhancing safety, enabling accurate emissions tracking, and creating transparent carbon accounting systems.

Get Full Report Here:
Jet Engine Fuel Market – View in Detailed Research Report

The ten companies profiled here are the engines of this transformation. Their collective actions—from multi-billion-dollar refinery conversions to pioneering logistical solutions—are not only powering today’s global connectivity but are also fundamentally charting the course for the sustainable flight of tomorrow.