The Global Aircraft Jet Fuel Market was valued at USD 151.41 Billion in 2024 and is projected to reach USD 202.54 Billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 4.4% during the forecast period (2024–2030). This growth is being driven by increasing air travel, rising fuel demands from emerging economies, and the accelerating adoption of Sustainable Aviation Fuel (SAF) solutions across commercial and military aviation sectors.
As the aviation industry transforms toward low-emission operations and sustainable growth, the spotlight is on the key fuel suppliers who are driving innovation, efficiency, and cleaner energy pathways. In this blog, we profile the Top 10 Companies in the Aircraft Jet Fuel Industry—a mix of oil majors, refiners, and SAF pioneers shaping the future of global aviation fuel. These leaders are not just supplying the energy that keeps planes in the air; they’re redefining how the sector approaches environmental responsibility and operational excellence. With air passenger numbers expected to double by 2040 according to industry forecasts, the demand for reliable, high-quality jet fuel has never been more critical. However, the push for sustainability is forcing these companies to innovate rapidly, blending traditional refining prowess with cutting-edge biofuel technologies. This comprehensive overview dives deep into each company’s strengths, strategies, and contributions to a greener skies.
🔟 1. ExxonMobil Corporation
Headquarters: Irving, Texas, USA
Key Offering: Jet-A, Jet A-1, and Sustainable Aviation Fuel (SAF)
ExxonMobil stands as a titan in the global energy landscape, and its aviation fuels division exemplifies why it’s consistently ranked among the top jet fuel providers. With an extensive network of refineries and supply chains spanning every continent, the company delivers aviation-grade fuels that meet the stringent specifications required for commercial airliners, private jets, and military operations alike. What sets ExxonMobil apart is its forward-thinking approach to sustainability without compromising on performance. For instance, the company has poured significant resources into developing SAF derived from renewable feedstocks like waste oils and gases, ensuring drop-in compatibility with existing aircraft engines. This means airlines can adopt cleaner fuels seamlessly, reducing their carbon footprint by up to 80% compared to conventional jet fuel.
Beyond production, ExxonMobil’s global reach allows it to respond agilely to market fluctuations, such as supply disruptions or spikes in demand during peak travel seasons. In recent years, they’ve expanded their portfolio through strategic investments in carbon capture and advanced refining processes, which not only enhance fuel efficiency but also align with international emissions regulations like those from the International Civil Aviation Organization (ICAO). As air travel rebounds post-pandemic, ExxonMobil’s ability to scale production has positioned it as a reliable partner for major carriers worldwide. Furthermore, their focus on R&D ensures that innovations like algae-based biofuels are moving from lab to runway, promising even greater reductions in lifecycle emissions.
Sustainability Initiatives:
- Scaling advanced biofuels through dedicated research facilities and pilot projects.
- SAF partnerships with global airlines, including long-term supply agreements with carriers like United Airlines.
- Committed to achieving net-zero emissions by 2050, with interim targets for reducing Scope 1 and 2 emissions by 20-30% by 2030.
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9️⃣ 2. Shell Aviation
Headquarters: London, United Kingdom
Key Offering: Jet A-1, SAF, Technical Fuel Services
Shell Aviation’s presence in over 60 countries underscores its dominance in the international jet fuel arena, where it annually refuels more than 2 million flights. This vast operational footprint is supported by a sophisticated logistics network that ensures timely delivery to airports large and small, from bustling hubs like Heathrow to remote airstrips. Shell’s Jet A-1 fuel, the international standard for civil aviation kerosene, is renowned for its purity and consistency, helping airlines optimize engine performance and minimize downtime. But what truly elevates Shell is its proactive stance on sustainability; they’re not waiting for regulations to catch up but are actively building the infrastructure for widespread SAF adoption.
The company’s technical fuel services add another layer of value, providing airlines with data-driven insights into fuel quality and consumption patterns. This is particularly useful in an era where fuel costs can account for up to 30% of an airline’s operating expenses. Shell’s investments in SAF are multifaceted, ranging from upstream production using hydrogenated esters and fatty acids (HEFA) pathways to downstream distribution partnerships with airport operators. By collaborating with bodies like the International Air Transport Association (IATA), Shell is helping standardize SAF certification, making it easier for the industry to transition. As emerging markets in Asia and Africa drive fuel demand growth, Shell’s diversified supply sources mitigate risks associated with geopolitical tensions, ensuring stability in a volatile market.
Sustainability Initiatives:
- Strategic SAF investments exceeding $1 billion in renewable fuel projects.
- Collaboration with airports and regulators to streamline SAF supply chains, including joint ventures for blending facilities.
- Launch of carbon-neutral flight initiatives at select locations, integrating offsets with SAF usage.
8️⃣ 3. Chevron Corporation
Headquarters: San Ramon, California, USA
Key Offering: Jet A, Jet A-1, Renewable Jet Fuel
Chevron’s aviation segment is a powerhouse in the Americas, leveraging its integrated refining capabilities to produce high-quality Jet A and Jet A-1 fuels that power everything from regional flights to long-haul international routes. The company’s acquisition of Renewable Energy Group in 2022 marked a pivotal shift toward renewables, bolstering its SAF production capacity and positioning Chevron as a bridge between traditional oil and green energy. This move has enabled them to convert existing refinery assets into biofuel facilities, producing renewable diesel and jet fuel from feedstocks like used cooking oil and animal fats.
In practice, Chevron’s fuels are engineered for superior thermal stability, reducing the risk of engine fouling and improving overall aircraft efficiency. Their global distribution network, bolstered by partnerships with fuel marketers, ensures competitive pricing and availability, even in high-demand periods. As the industry grapples with decarbonization, Chevron’s bio-refining expertise allows them to offer SAF blends that meet ASTM International standards, facilitating adoption without infrastructure overhauls. Moreover, their focus on military aviation underscores a commitment to national security, supplying fuels that meet rigorous DoD specifications. Looking ahead, Chevron’s expansion plans in renewable projects signal a robust response to the EU’s ReFuelEU and U.S. clean fuel incentives, driving down costs for sustainable options.
Sustainability Initiatives:
- Renewable fuel targets of 100,000 barrels per day by 2030, with SAF comprising a significant portion.
- SAF supply partnerships with airlines and logistics hubs, including trials with American Airlines.
- Investment in carbon capture technologies to offset refining emissions.
7️⃣ 4. TotalEnergies
Headquarters: Paris, France
Key Offering: TotalEnergies JET-A1, SAF (Biojet)
As one of Europe’s premier jet fuel suppliers, TotalEnergies caters to a broad spectrum of aviation needs, from commercial passenger services to defense applications. Their JET-A1 product is optimized for cold-weather performance, making it ideal for transatlantic and polar routes. The company’s deep roots in European refining give it an edge in complying with regional standards like CORSIA, the global carbon offsetting scheme for aviation. TotalEnergies’ SAF endeavors, particularly through the HEFA process, utilize sustainable waste materials to produce fuels that slash greenhouse gas emissions without altering aircraft design.
TotalEnergies’ strategy emphasizes vertical integration, controlling everything from feedstock sourcing to final delivery, which enhances traceability and reduces supply chain vulnerabilities. In 2024, they inaugurated a major SAF plant in Normandy, capable of producing 200,000 tons annually, underscoring their leadership in scaling green fuels. This facility not only supports local airlines but also exports to global markets, aiding the industry’s net-zero ambitions. Additionally, TotalEnergies engages in R&D for power-to-liquid (PtL) fuels, which convert renewable electricity into synthetic kerosene, offering a pathway to fully carbon-neutral aviation. Their partnerships with entities like Air France-KLM demonstrate how they’re fostering collaborative ecosystems for sustainable growth, while their digital tools for fuel management help operators track emissions in real-time.
Sustainability Initiatives:
- Goal of 10% SAF in total jet fuel output by 2030, backed by multi-year investment plans.
- Europe’s largest SAF plant inaugurated in Normandy, with expansion plans underway.
- Participation in industry consortia for advancing alternative fuel pathways.
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6️⃣ 5. BP (Air BP)
Headquarters: London, United Kingdom
Key Offering: Jet A-1, Avgas, SAF
BP’s Air BP division operates at over 700 locations worldwide, providing a seamless fueling experience that combines reliability with innovative services. Their Jet A-1 and Avgas offerings are tailored for diverse applications, including piston-engine general aviation and turbine-powered jets. What makes Air BP standout is its emphasis on customer-centric solutions, such as into-plane fueling contracts that guarantee supply and pricing stability. As sustainability becomes non-negotiable, BP is leading the charge with certified SAF availability at key airports, enabling airlines to book low-carbon flights effortlessly.
The company’s logistics prowess ensures efficient distribution, often integrating with airport infrastructure to minimize delays. BP’s carbon-neutral fueling options blend SAF with verified offsets, appealing to eco-conscious operators. In terms of innovation, they’re advancing SAF logistics through pipeline and rail enhancements, addressing one of the biggest hurdles to widespread adoption: scalability. BP’s global footprint allows it to serve emerging markets where aviation growth is exploding, like Southeast Asia, while their commitment to net-zero operations includes rigorous supplier audits for ethical sourcing. This holistic approach not only meets current demands but anticipates future regulatory landscapes, positioning BP as a trusted advisor in the transition to greener aviation.
Sustainability Initiatives:
- Offers certified SAF at multiple international airports, with volumes increasing yearly.
- Targets net-zero across its aviation operations by 2050, with progress reports published annually.
- Development of digital platforms for emissions tracking and SAF certification.
5️⃣ 6. Neste Corporation
Headquarters: Espoo, Finland
Key Offering: Neste MY Sustainable Aviation Fuel™
Neste has carved out a niche as the undisputed leader in SAF production, with its proprietary Neste MY SAF becoming the go-to choice for airlines seeking immediate decarbonization. Produced from renewable waste and residues, this fuel integrates drop-in technology that requires no modifications to aircraft or infrastructure, making adoption straightforward. Neste’s production exceeds 1 million tons per year, supplied to major players like Lufthansa and Delta, powering thousands of flights with up to 90% lower emissions.
The company’s refineries in Europe and Singapore are optimized for high-yield SAF output, leveraging decades of biofuel expertise. Neste’s approach emphasizes circular economy principles, sourcing feedstocks sustainably to avoid competition with food production. As demand surges, their expansion to 2 million tons by 2026 will solidify their market position, potentially capturing a significant share of the projected $10 billion SAF market by 2030. Beyond production, Neste offers lifecycle analysis tools, helping customers verify environmental claims. Their collaborations with OEMs like Boeing ensure fuel performance under extreme conditions, from high-altitude cruises to takeoff thrusts. In essence, Neste isn’t just supplying fuel; they’re engineering the backbone of sustainable aviation’s future.
Sustainability Initiatives:
- Current SAF output: Over 1 million tons/year, with rigorous ISCC certification.
- Target: 2 million tons/year by 2026, supported by new facility investments.
- Research into next-gen pathways like alcohol-to-jet for even broader feedstock options.
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4️⃣ 7. Gazprom Neft Aero
Headquarters: Saint Petersburg, Russia
Key Offering: TS-1, Jet A-1
Gazprom Neft Aero dominates the Eurasian aviation fuel market, serving more than 250 airlines and holding the largest share in Russia and the Commonwealth of Independent States (CIS). Their TS-1 and Jet A-1 fuels are produced to meet GOST standards, equivalent to international specs, ensuring compatibility with a wide range of aircraft. Operating extensive refueling infrastructure at over 100 airports, they facilitate seamless logistics in a region critical to global trade routes.
Despite geopolitical challenges, Gazprom Neft maintains high operational standards, with investments in pipeline networks that enhance supply reliability. Their focus on local production reduces import dependencies, stabilizing prices amid global volatility. While SAF adoption lags due to regional constraints, the company is investing in R&D for synthetic fuels, aligning with broader energy transition goals. This includes pilot projects for Fischer-Tropsch synthesis, which could yield high-purity aviation kerosene from natural gas. Gazprom Neft’s role extends to military aviation, supporting strategic assets with specialized fuels. As connectivity improves in Central Asia, their expertise in harsh climates positions them well for growth, bridging traditional supply with emerging sustainability needs.
Sustainability Initiatives:
- Limited public SAF involvement due to geopolitical constraints, but internal pilots underway.
- R&D into synthetic aviation fuels under local innovation programs, with state backing.
- Efficiency improvements in refining to cut flaring and emissions.
3️⃣ 8. Indian Oil Corporation Ltd. (IOCL)
Headquarters: New Delhi, India
Key Offering: Jet A-1, Bio-ATF (SAF)
IOCL leads India’s jet fuel market, distributing to over 100 airports domestically and internationally, fueling the nation’s booming aviation sector. As India aims to become the third-largest air travel market by 2025, IOCL’s capacity expansions ensure they meet surging demand. Their Jet A-1 is refined to exceptional standards, supporting efficient operations for carriers like IndiGo and Air India.
IOCL’s breakthrough in Bio-ATF, a homegrown SAF variant, has been tested successfully on both civil and military aircraft, marking a milestone in indigenous technology. Developed through collaborations with CSIR labs, this fuel uses non-edible oils, promoting energy security and rural economies. Scaling production via public-private partnerships, IOCL targets blending mandates under India’s National Biofuels Policy. Their integrated supply chain, from Paradip refinery to airport hydrants, minimizes costs and emissions. As Asia’s growth engine, IOCL’s dual focus on volume and sustainability positions it as a regional powerhouse, with exports to neighboring countries enhancing South Asian connectivity.
Sustainability Initiatives:
- Indigenous bio-jet fuel research, with flight demonstrations on Indian Air Force jets.
- Public-private collaborations to scale SAF production, aiming for 1% blending by 2025.
- Green hydrogen integration in refining processes for lower-carbon fuels.
2️⃣ 9. Phillips 66
Headquarters: Houston, Texas, USA
Key Offering: Jet A, Jet A-1, SAF
Phillips 66 excels in North American jet fuel refining, with facilities producing premium Jet A and A-1 that meet FAA requirements. Their Rodeo Renewed project transforms a California refinery into a renewable fuels hub, targeting 800 million gallons annually, a substantial portion for aviation. This initiative repurposes existing infrastructure, accelerating the shift to SAF without massive new builds.
Phillips 66’s distribution network reaches major U.S. hubs, supporting cargo and passenger fleets efficiently. Their SAF, produced via hydrotreating, offers proven performance in blends up to 50%, aiding regulatory compliance. The company’s emphasis on safety and quality, evidenced by low incident rates, builds trust with operators. As U.S. policy incentivizes clean fuels through the Inflation Reduction Act, Phillips 66 is expanding partnerships, including with refiners for feedstock aggregation. This strategic pivot not only diversifies revenue but also addresses supply chain bottlenecks, ensuring SAF availability scales with demand. Their commitment to innovation extends to additives that enhance fuel stability, crucial for long-storage military applications.
Sustainability Initiatives:
- Aims to produce 800M gallons/year of renewable fuels, including dedicated SAF lines.
- Major SAF supply chain expansion underway, with new contracts for 2025 deliveries.
- Carbon intensity reduction targets aligned with California’s Low Carbon Fuel Standard.
1️⃣ 10. World Fuel Services
Headquarters: Miami, Florida, USA
Key Offering: Jet A, Jet A-1, SAF distribution & logistics
World Fuel Services tops the list as a logistics maestro, supporting over 8,000 aircraft operators, airports, and military entities with end-to-end fuel management. Specializing in procurement, storage, and delivery, they handle conventional fuels while pioneering SAF distribution, including booking platforms for blended supplies. Their global team navigates complex regulations, optimizing costs for clients.
In a market where logistics can make or break efficiency, World Fuel’s digital solutions provide real-time pricing and hedging tools, shielding airlines from volatility. Their SAF services encompass certification, tracking, and offsets, enabling comprehensive sustainability reporting. Partnerships with producers ensure volume commitments, as seen in deals with Neste for transatlantic routes. Serving diverse sectors, from cargo giants like FedEx to defense forces, they adapt to varying needs, like surge fueling during disasters. As SAF requires new supply chains, World Fuel’s expertise in multimodal transport—trucks, pipelines, ships—positions them centrally in the green transition, driving adoption through reliability and transparency.
Sustainability Initiatives:
- End-to-end SAF solutions for global carriers, including supply assurance programs.
- Strategic partnerships with SAF producers and airports for blended fuel rollout.
- Emissions reduction consulting, helping clients achieve Science-Based Targets.
Read Full Report: Aircraft Jet Fuel Market – View in Detailed Research Report
🌍 Outlook: The Future of Aircraft Jet Fuel Is Cleaner and Smarter
The aircraft jet fuel market is undergoing a dynamic shift. While traditional fuels still dominate in volume, accounting for over 95% of current consumption, the industry is investing billions in low-carbon alternatives, refining technologies, and SAF distribution networks. This evolution is spurred by binding commitments under the Paris Agreement and sector-specific goals like IATA’s net-zero by 2050 pledge. As production costs for SAF fall—projected to reach parity with fossil fuels by 2030—airlines are increasingly incorporating blends, with current global uptake around 0.1% but poised for exponential growth.
Governments worldwide are accelerating this change through incentives and mandates, creating a fertile ground for the profiled companies to thrive. Technological advancements, such as e-fuels from green hydrogen, promise further breakthroughs, though challenges like feedstock availability and infrastructure persist. Nonetheless, the momentum is undeniable, with SAF investments surpassing $5 billion in 2024 alone. This transition not only mitigates climate risks but enhances energy security, reducing reliance on imported oil. For stakeholders, the key lies in collaboration—between suppliers, regulators, and operators—to unlock a sustainable aviation era.
📈 Key Trends Shaping the Market:
- Rapid SAF capacity expansion in the EU, US, and Asia, with new plants adding millions of tons annually.
- Regulatory push for 2%-10% SAF blending mandates by 2030, starting with California’s 2023 rules.
- Digitalization of fuel supply chains and emissions tracking via blockchain for transparency.
- Airline-fuel company alliances for carbon reduction, exemplified by consortiums like the Roundtable on Sustainable Biomaterials.
Market Trends Affecting the Aircraft Jet Fuel Industry
- Increasing Adoption of Sustainable Aviation Fuels (SAF): Driven by environmental pressures, SAF production is ramping up, with companies like Neste and TotalEnergies leading investments. This trend is simplifying the path to lower emissions, though cost premiums require policy support to accelerate blending ratios.
- Geopolitical Influences on Supply Chains: Events like regional conflicts impact crude oil prices and routes, prompting diversification strategies from majors like ExxonMobil and Shell. Resilience through multi-sourcing is becoming essential for uninterrupted supply.
- Technological Innovations in Fuel Efficiency: Advances in additives and synthetic fuels are enhancing performance, as seen in Phillips 66’s renewable initiatives. These developments improve engine compatibility and reduce overall consumption.
- Regulatory Mandates and Carbon Pricing: Frameworks like EU ETS and CORSIA are compelling shifts to low-carbon options, with IOCL and others adapting through local R&D. Compliance is reshaping competitive landscapes.
- Digital Transformation and Data Analytics: Tools for predictive maintenance and route optimization, utilized by World Fuel Services, are optimizing fuel use and logistics, cutting waste in high-volume operations.
Read Full Report: Aircraft Jet Fuel Market – View in Detailed Research Report
The companies listed above are not only fueling global aviation—they’re spearheading the green transition of the skies. Their combined efforts will determine how swiftly the industry achieves its ambitious sustainability targets, ensuring aviation remains a vital connector in our interconnected world.