EU SAF supply exceeds first ReFuelEU target, feedstock reliance remains high: EASA

Fastmarkets09-28

Aviation fuel suppliers reported supplying 39.3 million tonnes of aviation fuel to aircraft operators within the scope of ReFuelEU Aviation in 2025, of which SAF accounted for 1.1 million, or 2.79%, ...

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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nEU SAF supply exceeds first ReFuelEU target, feedstock reliance remains high: EASA\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-09-28 12:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fastmarkets.com/insights/eu-saf-supply-exceeds-first-refueleu-target-feedstock-reliance-remains-high-easa/><strong>Fastmarkets</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Aviation fuel suppliers reported supplying 39.3 million tonnes of aviation fuel to aircraft operators within the scope of ReFuelEU Aviation in 2025, of which SAF accounted for 1.1 million, or 2.79%, ...</p>\n\n<a href=\"https://www.fastmarkets.com/insights/eu-saf-supply-exceeds-first-refueleu-target-feedstock-reliance-remains-high-easa/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1066051498.USD","symbol_name":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AM2\" (USD) INC","start_time":0,"source_url":"https://www.fastmarkets.com/insights/eu-saf-supply-exceeds-first-refueleu-target-feedstock-reliance-remains-high-easa/","article_id":"2670586238","we_media_id":null,"thumbnails":[],"rights":{"source":"fastmarkets_highlight","url":"https://www.fastmarkets.com/insights/eu-saf-supply-exceeds-first-refueleu-target-feedstock-reliance-remains-high-easa/","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2670586238","pubTimestamp":1790568000,"columns":[],"sourceInfo":{"source_id":"fastmarkets_highlight","name":"Fastmarkets"},"weMediaInfo":null,"summary":"European sustainable aviation fuel (SAF) supply exceeded the first mandatory ReFuelEU Aviation target in 2025, with 1.1 million tonnes supplied at EU airports, but the market remained heavily dependent on imported feedstocks and conventional hydrotreated esters and fatty acids (HEFA)-based pathways.","collect":0,"end_time":0,"defaultTopTitle":"fastmarkets.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU1066051498.USD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AM2\" (USD) INC","CTO":"CTO Realty Growth, Inc.","LU1066053197.SGD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AM3\" (SGDHDG) INC","FID":"First Trust S&P International Dividend Aristocrats ETF","UCO":"二倍做多彭博原油ETF","LU1066051811.HKD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AM2\" (HKD) INC","BK4160":"多样化房地产投资信托v","LU1066051225.USD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AC\" (USD) ACC"},"translate_title":"EASA：欧盟 SAF 供应超过第一个 ReFuelEU 目标，原料依赖度仍然很高","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"FID":1,"CTO":1,"UCO":1},"content_text":"Aviation fuel suppliers reported supplying 39.3 million tonnes of aviation fuel to aircraft operators within the scope of ReFuelEU Aviation in 2025, of which SAF accounted for 1.1 million, or 2.79%, according to the European Union Aviation Safety Agency (EASA).\nThe increase also came alongside a broader expansion in physical availability. Sustainable aviation fuel (SAF) was supplied at 121 Union airports across all 27 EU member states in 2025, equivalent to 79% of EU airports, EASA said.\nUCO remained dominant\nThe composition of the SAF supplied provides a clearer picture of what drove the increase.\nOf the 1.1 million tonnes reported, 885,000 tonnes, or about 80%, was classified as aviation biofuel produced from feedstocks listed under Annex IX Part B of the EU Renewable Energy Directive. A further 120,000 tonnes, or around 11%, was classified as other aviation biofuels, while 90,000 tonnes, or about 8%, was advanced aviation biofuels.\nUsed cooking oil (UCO) accounted for 80% of the total SAF feedstock mix, broadly unchanged from 81% in 2024.\nThe remaining 20% included category 3 animal fats at 11%, palm oil mill effluent (POME) at 5%, with food waste, crude tall oil (CTO) and category 1 and 2 animal fats making up the balance.\nSynthetic aviation fuel did not contribute to aircraft operators’ reported SAF purchases in 2025, while 69.6% of the 1 million tonnes purchased by aircraft operators was classified as aviation biofuel.\nImported feedstocks dominate the supply chain\nEASA found that 85% of the feedstock used to produce the SAF originated outside the EU.\nChina alone accounted for 61% of feedstock origin, followed by Malaysia at 8%, Indonesia at 5% and the UK at 3%. Only 15% of feedstock originated within the EU.\nThat means the 2025 data shows a European SAF supply chain that is increasingly capable of processing and supplying SAF domestically, but remains highly exposed to international feedstock flows.\nThis is particularly relevant for the HEFA market, where UCO, animal fats and other waste-based feedstocks compete across renewable diesel, SAF and other renewable fuel applications.\nVoluntary SAF made up almost one-quarter of reported supply\nThe data also shows that not all of the 1.1 million tonnes reported by suppliers was intended to count toward the ReFuelEU minimum share.\nAround 250,000 tonnes was reported as voluntary SAF, meaning it was explicitly identified by suppliers as not counting toward the minimum ReFuelEU share. That volume represented almost one-quarter of total reported SAF supply.\nAt the same time, EASA cautioned that the reported 1.1 million tonnes could slightly underestimate actual EU SAF supply because around 10% of obligated fuel suppliers did not report SAF volumes, while the reporting system does not capture SAF supplied to non-Union airports.\nThe Netherlands was the largest destination for SAF supplied in the EU, receiving 320,000 tonnes, or 29% of total reported SAF, the data shows.\nSpain received 152,000 tonnes, Germany 116,000 tonnes, Italy 111,000 tonnes and France 107,000 tonnes. Together, those five countries accounted for about 74% of EU SAF supply.\nAt airport level, Amsterdam Schiphol accounted for 29% of total SAF supplied, followed by Frankfurt at 8% and Paris Charles de Gaulle at 7%.\nEU production capacity is sufficient on paper, but project execution matters\nEASA’s 2030 capacity assessment provides another important angle. The agency estimates that current operational facilities alone would provide about 1.5 million tonnes per year of SAF capacity by 2030, below the roughly 2.1 million tonnes required to meet the 6% ReFuelEU SAF minimum share, excluding synthetic aviation fuels.\nWhen facilities under construction or that have reached final investment decision (FID) are included, potential capacity rises to 3.7 million tonnes per year.\nA broader scenario that includes projects classified as having a high level of credibility puts potential SAF capacity at 5.5 million tonnes per year, plus 600,000 tonnes per year of eSAF capacity.\nDemand-side data shows SAF purchases are already substantial\nAircraft operators reported purchasing around 1 million tonnes of SAF in 2025, with 245 operators reporting SAF purchases.\nThe top 10 operators accounted for approximately half of those purchases. KLM reported the largest volume at 91,786 tonnes, followed by Ryanair at 78,951 tonnes and Transavia at 68,003 tonnes.\nOf the SAF purchased by operators, 624,000 tonnes was reported as intended to be claimed under market-based measures. Of that amount, 512,000 tonnes, or 49% of total SAF purchased, was associated with the EU Emissions Trading Scheme (EU ETS), 90,000 tonnes with the UK Emissions Trading Scheme (UK ETS) and the equivalent of 2% with the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA).\nAnother 415,000 tonnes, or 40% of eligible fuel, was not claimed under a market-based measure.\nSAF price gap remains significant\nEASA also published 2025 reference prices, with aviation biofuels at €1,925 ($2,205) per tonne compared with €640 per tonne for conventional aviation fuel.\nThat implies a reference-price gap of about €1,285 per tonne, with aviation biofuels priced at roughly three times the conventional fuel reference price.\nEASA notes that the aviation biofuel and conventional aviation fuel figures were the only categories for which it could establish a real index price. Other eligible fuel categories were calculated using bottom-up production-cost estimates.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.50.1","shortVersion":"4.50.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2670586238","isCrawlerRequest":true}