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27 April 2017 – The National Renewable Energy Laboratory (NREL) recently released the aviation biofuels report, “Potential Avenues for Significant Biofuels Penetration in the U.S. Aviation Market.” The report finds that it is possible to displace 30 percent of projected domestic jet fuel demand with biofuels by 2030. This equates to approximately 6 billion gallons of the 2015 domestic U.S. jet fuel market. The possibility of this projected quantity entering the supply chain is made possible under aggressive policy, such as a producer tax credit or carbon tax, and/or positive investment scenarios (e.g. loan guarantees and early-stage financial support).
The report states that in cases where there are high levels of incentives and investment in aviation biofuels, there could be up to a 25 percent reduction in overall greenhouse gas (GHG) emissions from the aviation sector. This reduction could play a significant role in closing the gap between expected increases in GHG emissions from the growing aviation sector in the coming years and the industry’s commitment to carbon neutral growth starting from 2020.
The full report can be found here.
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