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JET FUEL: SAF Production Struggling with Poor Profitability: Bloomberg

JET FUEL
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SAF continues to face the challenge of limiting its costs, which are currently four times conventional jet fuel, with current revenue streams insufficient to cover production costs, Bloomberg said.

  • As SAF demand rises, producers are laying the groundwork to boost output at the expense of renewable diesel, the latter of which is around $1/gas cheaper.
  • However, renewable fuel producers are still maximising renewable diesel yields over SAF due to profitability.
  • The crack for renewable diesel is around $0.22/gal ($.940/b), while SAF cracks are negative at minus $0.70/gal, rendering it unprofitable without additional support.

 

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SAF continues to face the challenge of limiting its costs, which are currently four times conventional jet fuel, with current revenue streams insufficient to cover production costs, Bloomberg said.

  • As SAF demand rises, producers are laying the groundwork to boost output at the expense of renewable diesel, the latter of which is around $1/gas cheaper.
  • However, renewable fuel producers are still maximising renewable diesel yields over SAF due to profitability.
  • The crack for renewable diesel is around $0.22/gal ($.940/b), while SAF cracks are negative at minus $0.70/gal, rendering it unprofitable without additional support.

 

Keep reading...Show less