Reuters reported last month that low consumption and a lack of policy guidance have led to delays of some SAF projects in China.
While the global aviation industry is aiming to reach net-zero emissions by 2050 and some countries have SAF mandates in place, the fuel accounted for only about 0.3% of global jet fuel production in 2024.
BCG's report highlights that while SAF supply increased 1,150% worldwide over the last three years, announcements for new production facilities fell by 50% to 70% from 2022 to 2023.
BCG says this was largely due to economic uncertainty and higher energy and operating costs.
Novameat layers shredded 'beef' by forming a network of fibers that mimic the texture and mouthfeel of real meat.
Reuters reported last month that low consumption and a lack of policy guidance have led to delays of some SAF projects in China.
While the global aviation industry is aiming to reach net-zero emissions by 2050 and some countries have SAF mandates in place, the fuel accounted for only about 0.3% of global jet fuel production in 2024.
BCG's report highlights that while SAF supply increased 1,150% worldwide over the last three years, announcements for new production facilities fell by 50% to 70% from 2022 to 2023.
BCG says this was largely due to economic uncertainty and higher energy and operating costs.
It now projects supply to fall 30% to 45% short of commercial aviation's 2030 targets.
Losada said many industry participants had adopted a mentality of "others will solve the problems for me", and he called for cross-industry collaboration.
