The energy giant has invested €200m in a sustainable aviation fuel plant in southeast Spain, but regulatory complexity may slow industry take-off in Europe
Producers say they are struggling to front the investment costs needed to scale up. Repsol has only created enough SAF so far to power test flights for IAG-owned carrier Iberia.
Even with investment, new plants take years to build, it adds, leaving little time to make the volumes needed to meet the European targets. “America’s programme of both federal and state incentives for SAF production is the mark of global leadership on the net-zero transition,” IAG told Reuters. “Most companies we speak with have already secured sufficient SAF supply to meet at least half of their 2030 procurement targets, which is exactly the market signal needed to support further SAF scale up,” said Joe Horrocks-Taylor, climate analyst at Columbia Threadneedle Investments.
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