EUDR Update: New Due Diligence, Implementation, and Penalty Info
ResourceWise: Oct 10, '24
Recently, ResourceWise held a live webinar titled SAF Market Prepares for 2025 Takeoff (which you can now watch on-demand) providing a deep dive into the evolving landscape of the sustainable aviation fuel market. As producers and consumers alike seek viable pathways toward renewables, this conversation grows increasingly important.
Below, we’ve summarized five of the most critical takeaways from the webinar.
1. Current Status and Evolution of the SAF Market
The SAF market has transformed over the past few years, fueled by advancements in technology and increased awareness of environmental issues. Industry stakeholders must adapt to these changes to successfully support the transition.
Staying competitive and compliant will require a thorough grasp of the market's trajectory and the factors driving its evolution. To achieve this, businesses must adapt to shifting demands and emerging regulations such as biofuel blending requirements and EUDR compliance.
Related: Understanding the EUDR: A Guide to Compliance for Forest Products Professionals
2. Global Market Projections for 2025 and Beyond
Future projections on market growth show immense potential in the SAF field. However, logistics will continue to challenge that growth.
Several advanced feedstock types, such as forest waste, are positioning to accommodate this growth. With the US South serving as a leader in forestry, this could amplify the region's role in advancing SAF and other biofuel development.
Related: Forest Waste Comes into Spotlight as Feedstock Solution for Biofuels
Regions such as the US may emerge as leaders in this field. However, changes such as the EU’s anti-dumping ruling on China will further complicate where and how feedstocks will come into play.
3. Impact of the World's First SAF Mandates
SAF mandates are coming down the pipeline, marking a significant uptick in the volume of the fuel to cover it. These regulations are poised to significantly influence market dynamics, reshaping production processes and redefining the competitive landscape on a global scale.
The mandates are expected to propel the SAF market forward by creating a demand-driven environment. Compliance with these mandates will be essential for market players. That’s why understanding their implications will be key to navigating the shifting regulatory climate.
4. Supply and Demand Dynamics Across Key Regions
SAF supply and demand dynamics will play out across multiple key regions:
- The EU and UK
- The US
- Asia
Each of these regions will uniquely contribute to the global market. However, their respective roles remain unclear in terms of feedstock supplies, production, and refining.
5. Future Production Pathways and Pricing Strategies
Lastly, future production methods and pricing strategies for SAF will directly impact the trajectory of the industry. Current technological advancements are already enhancing production efficiency. And continued research and investment will likely yield even more efficient processes to help mitigate costs.
Future economic models must also be considered for economically feasible pricing. Properly understanding this aspect is crucial in ensuring the competitiveness and accessibility of SAF.
Knowledge and Expertise Critical to Ongoing Success
When it comes to future fuels markets, knowledge and expertise are vital. Businesses must stay informed about these developments to formulate effective strategies that align with both technological and economic trends.
For stakeholders in the aviation industry, understanding the market's direction and preparing for the challenges and opportunities that lie ahead are key. Leveraging this knowledge will allow businesses to position themselves strongly for the future of the industry.
Experienced biofuel market intelligence providers can fill this understanding gap between planning and reality. Their collective understanding of this rapidly changing industry can offer you a grounded outlook on how to plan for what’s coming. That way, you can minimize uncertainty to develop an informed business strategy.
Get All Critical SAF Details with Our On-Demand Webinar
Interested in learning more? Our on-demand webinar SAF Market Prepares for 2025 Takeoff covers the essentials to help you prepare for the coming year:
- Current state of SAF market and where it is moving
- Projections into 2025 and further
- How SAF mandates will impact global SAF adoption
- Key supply and demand dynamics in major markets: UK/EU, US, Asia
- Production pathways, feedstock trends, and other SAF development factors
The webinar provides a thorough overview of the most important aspects of SAF. Don’t miss out on this critical information—click below to view the webinar today.
