A feasibility study has found the production of hydrogen-based sustainable aviation fuels (SAF) in Ireland could generate revenue of €2.55bn ($2.69bn) by 2050.
Ireland’s sustainable Aviation Fuel Opportunity study, launched by the Minister for Enterprise, Trade and Employment, Simon Conveney TD, researched the feasibility of SAF produced in Ireland by SkyNRG and SFS Ireland, in a partnership supported by Avolon, Boeing and ORIX Aviation.
The International Air Transport Association (IATA) has reported that SAF will replace traditional jet fuel and deliver over 60% of the contribution needed to reduce aviation emissions to reach Net Zero by 2050, whilst the European Union’s ReFuelEU initiative requires fuel suppliers to blend SAF into the fuel available at EU airports, rising from 6% to 70% SAF by 2050.
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