Sustainable Aviation Fuel Companies

The sustainable aviation fuel market is estimated at USD 2.06 billion in 2025. It is projected to reach USD 25.62 billion by 2030, growing at a CAGR of 65.5%. In terms of volume, the market is projected to grow from 0.30 billion gallons in 2025 to 3.68 billion gallons by 2030. The sustainable aviation fuel market is experiencing significant growth due to the growing business and private air travel, increasing aircraft production and fleet expansion, and the use of advanced fuel production technologies. Some of the key market players include Neste (Finland), TotalEnergies (France), World Energy, LLC (UK), Eni (Italy), and OMV Aktiengesellschaft (Austria). These players have incorporated various organic and inorganic growth strategies, including collaborations, acquisitions, product launches, partnerships, agreements, and expansion, to strengthen their international footprint and capture a significant market share.

Organic and inorganic growth strategies have allowed market players to expand across geographies by offering various sustainable aviation fuel solutions. In January 2025, Topsoe (Denmark) signed an agreement with Chuangui New Energy Company (China) to provide technology and services for the production of sustainable aviation fuel (SAF) and renewable diesel. Likewise, in February 2025, Neste (Finland) and DHL Group (Germany) collaborated to evaluate Neste’s renewable solutions, including renewable diesel (HVO100) and sustainable aviation fuel (SAF), which can support DHL’s goal of achieving net-zero greenhouse gas emissions by 2050. This aim is to develop a commercial model for DHL to procure approximately 300,000 tons of unblended SAF annually by 2030.

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Major Sustainable Aviation Fuel Companies Include:

• Neste (Finland)
• Shell (UK)
• TotalEnergies (France)
• OMV Aktiengesellschaft (Austria)
• World Energy, LLC (UK)

Neste is a global leader that refines waste, residue, and innovative raw materials into renewable fuels, sustainable feedstock for plastics, and other materials. It is the world’s top producer of sustainable aviation fuel and renewable diesel, pioneering chemical recycling to address plastic waste. With operations spanning Europe, North America, and Asia, Neste’s business divisions include oil products, renewable products, and marketing & services. The company helps customers reduce greenhouse gas emissions by at least 20 million tons annually by 2030. It is committed to making its Porvoo refinery in Finland the most sustainable in Europe by 2030. Neste has set ambitious sustainability targets, including achieving carbon-neutral production by 2035 and reducing the carbon intensity of sold products by 2040.

TotalEnergies is a French multinational integrated energy corporation headquartered in Paris, France. The company has transformed from a conventional oil and gas business to a diversified energy company dedicated to contributing to the global energy transition. TotalEnergies is a leading energy company with activities across the entire value chain, from upstream exploration and production to downstream refining, marketing, and renewable energy development. The company has a global presence in Europe, Africa, the Middle East, North America, and Asia Pacific.

TotalEnergies operates through five business segments: Exploration & production, which deals with natural gas exploration and production with increasing priority on natural gas as a transition fuel; integrated gas, renewables, and power, which covers liquefied natural gas (LNG) operations, renewable energy initiatives (e.g., solar, wind, hydrogen), and electricity generation and marketing; refining & chemicals, which comprises the refining of crude oil and natural gas to produce refined products and petrochemicals, and the refining and chemical plant operations globally; marketing & services, which entails selling and distributing petroleum products, lubricants, and specialty products in a large chain of service stations and commercial business alliances; and corporate & others, which comprises sustainability, innovation, and corporate governance activities.

TotalEnergies is heavily investing in cleaner technologies while still supplying global energy needs. Its balanced energy mix and diversified portfolio make it a significant player in the future of global energy.

Market Ranking

The sustainable aviation fuel market is highly competitive, with five main players collectively accounting for 45-49% of the total market share. Neste (Finland) stands out in the sustainable aviation fuel industry, leveraging fuel production using advanced technologies. TotalEnergies (France) contributes significantly to the market share. World Energy, LLC (UK) follows with a competitive share, maintaining a strong position in the market and providing SAF for commercial and business aviation. Eni (Italy) and OMV Group (Austria) have solidified their performance by offering sustainable aviation fuel to aircraft. The remaining 51-55% of the market is shared among other regional and emerging vendors, which contributes to extensive fragmentation and offers opportunities for smaller players to establish a footprint. Market competition is driven by feedstock processing and refining technologies advancements, increasing adoption of fuel-efficient aircraft engines, and increasing stringent regulations.

Related Reports:

Sustainable Aviation Fuel Market by Fuel type(Biofuel, Hydrogen, PtL, GtL), by Biofuel Conversion Pathways (HEFA, FT, ATJ, Co-processing), by biofuel blending capacity (below 30%, 30% to 50%, Above 50%), Aircraft type and Region - Global Forecast to 2030

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