Catalytic Hydrothermolysis Jet Fuel Market size is expected to reach USD 10 Million by the end of 2036, growing at a CAGR of 24% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of CHJ fuel crossed around USD 2 Million. Increasing demand for the transformation of energy infrastructure will primarily drive the CHJ fuel market by the end of 2036. Annual utilization of some 1,000 GW of sustainable power must remain on a 1.5°C pathway. In 2022, some 300 GW of sustainable energies were added internationally, attributing to 83% of new capability compared to a 17% share united for fossil fuel and nuclear additions. The volume and percentage of renewables required to increase significantly are both technically possible and economically workable.
Another reason that will drive the catalytic hydrothermolysis jet (CHJ) fuel market is the increasing use of catalytic hydrothermolysis jet (CHJ) fuel in commercial and military aviation. The International Energy Agency's (IEA) Sustainable Development Scenario (SDS) forecasts biofuels touching roughly 10 % of aviation fuel requirement by 2030, increasing to approximately 20 % by 2040. In the coming future, modern aviation will possibly depend on an amalgamation of conventionally taken hydrocarbon fuels from petroleum crude and SAF, which makes recognizing sustainable resources and techniques to alternate or change traditional aviation fuel important in the objective of accomplishing a renewable aviation industry. Jet fuel is an intricate mixture of hydrocarbons, specifically paraffin, olefins, naphthene, and aromatics. Generating fuel with similar properties from sources like biomass, lipids, and FOGs (fats, oils, and grease) has advanced to pilot-scale generation facilities. The generation of diesel similar fuel from vegetable oil has been well researched and has shown itself to be commercially feasible, mainly with green fuel subsidies. Very little SAF is commercially accessible.
Growth Factors
Challenges
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Base Year |
2023 |
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Forecast Year |
2024-2036 |
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CAGR |
∼24% |
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Base Year Market Size (2023) |
~USD 2 Million |
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Forecast Year Market Size (2036) |
~USD 10 Million |
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Regional Scope |
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Feedstock (Carinata Oil, Soybean Oil, Grease, Canola Oil)
The carinata oil segment in the catalytic hydrothermolysis jet fuel market is expected to hold 45% of the revenue share by 2036. This increase will be noticed due to the increasing consumption of carinata oil to create catalytic hydrothermolysis jet (CHJ) fuel. A winter crop, carinata can fulfill existing cropping systems in the southeastern US; if carinata is along with these systems, the region’s over 12 million acres of winter unproductive could clarify to over 2.4 billion gallons of sustainable fuel yearly. This enables economic and environmental renewability and alteration without negatively influencing existing food and fiber generation in the Southeast. Carinata oil has an exceptional fatty acid profile, comprising high contents of erucic and linolenic acid in the extricated oil, making it applicable for the generation of drop-in renewable aviation fuel. Ethiopian mustard has been expanded on the Canadian prairie, in the southeastern US, and in the US Northern Plains. It has recently expanded commercially in Argentina and is slated for reestablishment in the southeastern US.
Application (Commercial Aviation, Military Aviation)
The commercial aviation segment in the catalytic hydrothermolysis jet (CHJ) fuel market is projected to hold the highest revenue share by the end of 2036 and the revenue share will be almost 78%. This growth can be noticed due to the increasing consumption of catalytic hydrothermolysis jet (CHJ) fuel in the commercial aviation sectors across the world. 65% of medium and long-haul flights will be fueled by ‘sustainable’ aviation fuels (biofuels), and 13% of short-haul flights are fueled by electric planes or hydrogen by 2050. The need for commercial aircraft aftermarket will also help the catalytic hydrothermolysis jet (CHJ) fuel market to grow.
Our in-depth analysis of the global catalytic hydrothermolysis jet (CHJ) fuel market includes the following segments:
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Feedstock |
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Application |
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European Market Analysis
The catalytic hydrothermolysis jet (CHJ) fuel market in the European region will increase the most and will have the biggest revenue share of about 57%. This growth will be noticed primarily because of the European government’s initiatives and the use of new rules to use catalytic hydrothermolysis jet (CHJ) fuel. The Commission in Europe accepted in June 2023 new rules setting up the share of biofuels and biogas in blended fuels, co-processed implementing bio-depended and fossil-depended raw components, and that can count towards the Renewable Energy Directive focus for renewables in transport. The Renewable Energy Directive (RED II) confirms that 32% of all energy implementation in the EU, comprising at least 14% of all energy in road and rail transfer fuels, be generated from renewable energy sources (RES) by 2030. In 2021, the European Commission intended modifications to RED II as a part of the Fit for 55 Legislative bundle. Their suggestions ask to transfer the 14% RES focus in transportation to a greenhouse gas severity limitation aim of 13%, better balancing it with the EU’s 2030 climate objectives.
North American Market
The catalytic hydrothermolysis jet (CHJ) fuel market in the North America region will increase massively and will hold the second position due to the increasing use of US catalytic hydrothermolysis jet (CHJ) fuel in the energy industry. The US Energy Information Administration anticipates a rise in jet fuel requirement from 3.11 at present to 4.43 quads by 2050. U.S. jet fuel utilization is highly focused, with the five biggest airports each implementing more than 3.785 billion liters (1 billion U.S. gallons) yearly, and the ten biggest airports by fuel utilization showing 50% of total national jet fuel usage. Persistent dependence on hydrocarbon jet fuel, as other sectors decarbonize, could raise aviation’s delivery to the international CO2 emissions to 20% by 2050. In the United States (U.S.), the world’s biggest aviation market, mixed aviation traffic (i.e., commercial, military, passenger, and cargo) utilizes roughly 83 billion liters (22 billion U.S. gallons) of jet fuel yearly, which contributes to 10% of 2019 domestic transportation greenhouse gas (GHG) secretions and 3% of total domestic GHG Secretions.
TenneT, Hitachi Energy/Petrofac, top delegates of the transmission system operator collaboration, and the three consortium associations GE/Sembcorp (SMOP), GE/McDermott, and Siemens Energy/Dragados officially contracted the contracts in Berlin to seal Europe’s biggest-ever tender award for energy transition infrastructure. The total volume of the contracts for the materials of the 14 systems amounts to roughly €30 billion. The outcome will be a transmitting potential of offshore wind energy in the German and Dutch North Sea that will produce as much electricity as 28 large-scale power plants.
Lummus Global (CLG), lummus Technology’s Green Circle and Chevron declared the unification of multiple technologies from their portfolios for usage in the circular economy. The partners will utilize an amalgamation of the Lummus New Hope Energy plastic pyrolysis technology, CLG’s ISOCONVERSION technology, and Lummus’ steam cracking technology to give operators the skill to generate steam cracker products in large quantities from hydroprocessed mixed-trash plastic pyrolysis oil.
Author Credits: Payel Roy, Dhruv Bhatia
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