Renewable Diesel Feedstock Perspective
PRODUCTS:
SUSTAINABLE AVIATION FUEL
Announced projects insufficient to meet policy goals
•
IATA estimates 26.4 Million gallons of SAF produced worldwide in 2021 (less than 2 mbpd)
Forward purchase agreements have been executed for 5.6 Billion gallons (365 mbpd)
Perception that SAF production cost is higher than RD?
•
Next-generation catalyst systems mitigate this
•
Regulatory support mechanisms under consideration
Key implication for supply balance
•
Bespoke supply & offtake activity is proceeding, in advance of regulatory solutions
SAF competes for RD production capacity, important to long term balances
MRL located on the great circle route, N. American west coast to Asia
https://www.iata.org/en/programs/environment/sustainable-aviation-fuels/
8View entire presentation