Quarterly Report · Free Edition

SAF Market
Quarterly
Q2 2026

535 production projects. 20 active mandates. 51 countries. The data snapshot for capital-allocation, offtake, and policy decisions in sustainable aviation fuels.

Published April 2026 · e-fuels·com
Data as of 16 April 2026 · Supabase SSOT

1 · Executive Summary

535
Projects tracked
92
Operational
57.1
MTPA pipeline
6.64
MTPA operational

The global SAF production pipeline continues to expand, with 535 tracked projects across 51 countries — up from an estimated 306 at end-2024. 92 facilities are operational, producing an aggregate 6.64 million tonnes per annum. The gap between announced pipeline capacity (57.1 MTPA) and operational capacity (6.64 MTPA) remains the defining challenge: over 88% of the pipeline is pre-FID or under construction.

Key insight: The 2025 ReFuelEU 2% mandate generated the expected demand signal, but physical SAF supply at European airports fell short of the target in Q1 2026. Penalty mechanisms are now live — the first compliance reports are due by March 2027. Every fuel supplier is now on the clock.

2 · Pipeline by Status

StatusCountShare
Planning25848.2%
Announced9317.4%
Operational9217.2%
Under Construction7113.3%
On Hold / Cancelled203.7%
Commissioning10.2%
Total535100%
92
71
93
258
20

3 · Technology Mix

PathwayProjectsShareMaturity
HEFA17432.5%TRL 9 · commercially proven
Fischer-Tropsch (G-FT)11621.7%TRL 6-8 · scaling
Electrolysis / Green H₂10319.3%TRL 7-9 · upstream for PtL
Other / Multi-pathway6812.7%Various
Power-to-Liquid (PtL)376.9%TRL 5-7 · first commercial
Alcohol-to-Jet (ATJ)366.7%TRL 8-9 · LanzaJet proven

HEFA dominates by project count (32.5%) but faces a hard feedstock ceiling — global eligible-lipid supply can sustain ~25 Mt/year of HEFA-SAF at best, covering roughly 7-9% of projected 2035 jet demand. Fischer-Tropsch and Power-to-Liquid together represent 28.6% of the pipeline and are the only pathways with effectively unlimited feedstock (biomass waste + renewable electricity + CO₂).

4 · Geographic Distribution

CountryProjectsShare
United States10219.1%
Germany7213.5%
China264.9%
France244.5%
Japan234.3%
Netherlands224.1%
Canada224.1%
United Kingdom183.4%
Spain183.4%
Australia173.2%
+ 41 additional countries (206 projects)

The US leads by count (102) driven by §45Z tax credits and existing refining infrastructure. Germany is second (72) powered by the national PtL quota (0.5% from 2026) and BEHG funding. China (26) is growing fastest in absolute terms, with 4 new CAAC-backed pilot projects in Q1 2026.

5 · Regulatory Landscape

20 active regulatory regimes now track SAF obligations or incentives globally. The three structural pillars remain:

RegimeMechanism2026 Target2030 Target
ReFuelEU AviationBlend mandate + penalty2%6% (1.2% e-SAF)
UK SAF MandateBlend + buy-out + RCM2%10%
US §45ZProduction tax credit$1.00/gal capExpires 2029

New in Q1-Q2 2026: Brazil's ProBioQAV law (1% GHG reduction from 2027), South Korea's MOLIT mandate announcement (1% international flights from 2027), and the Netherlands' Green Deal ambition exceeding ReFuelEU at 14% by 2030.

6 · Feedstock Price Snapshot

FeedstockPriceUnitΔ vs Reference
Tallow Cat 1/2 (DDP NWE)885€/t-8.8%
Green Hydrogen (EU)7.16$/kg-5.9%
Solar PPA P25 (EU)42$/MWh-14.1%
Wood Pellets (CIF NWE)180$/t-12.4%
Methanol Contract (EU)650$/t+11.9%
Electrolyser CAPEX (PEM)850$/kW-5.6%
Ethanol US (CBOT)1.91$/gal+1.1%

Broad-based feedstock deflation benefits PtL and G-FT pathways disproportionately. Solar PPA prices fell 14% year-over-year in Europe, directly reducing the OPEX of electrolysis-based SAF. The outlier: methanol rose 12% on tight European supply and rising shipping-sector demand (FuelEU Maritime).

Cost trajectory: At current electrolyser CAPEX ($850/kW) and EU solar PPA prices ($42/MWh), the all-in PtL production cost approaches $4,000-5,000/t — still 6-8× fossil jet, but structurally declining at ~8% per year. HEFA holds at $1,500-2,000/t but faces feedstock-driven upward pressure as UCO and tallow competition intensifies.

7 · Outlook Q3-Q4 2026

Watch list for the second half:

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