Bio Jet Fuels Market to Receive Overwhelming Hike in Revenues By 2030
Bio Jet Fuel is made from sustainable sources such as vegetable oils, sugars, animal fats and even waste biomass which can be used in existing jet engines without modification. It is a renewable aviation fuel which is different from conventional jet fuel as they are not made form petroleum, yet are molecularly identical. Bio jet fuel or Sustainable Aviation Fuel is specialized form of petroleum based fuel used for powering jet and turbo propelled engine aircraft. The need for sustainable green energy development is increasing considerably across the world. The increasing CO2 content in the environment lead to the surge in the global warming in recent years, around 60-70% of the CO2 emissions across the globe is mostly due to the use of conventional aviation fuel flights. The global bio jet fuels market size was valued at $166.5 million in 2020, and projected to reach $837.7 million by 2030, with a CAGR of 17.9% from 2021 to 2030. Get a PDF brochure for Industrial Ins...