Supply Chain News: Spurring a New Market in Sustainable Aviation Fuels
On April 12, the Biden Administration highlighted new steps towards spurring the market in sustainable aviation fuels.
Using Homegrown Biofuels to Address Putin’s Price Hike at the Pump and Lower Costs for American Families
April 12, 2022
The Administration’s strategy to spur the development of homegrown biofuels is critical to expanding Americans’ options for affordable fuel in the short-term and to building real energy independence in the long-term by reducing our reliance on fossil fuels. On April 12, the President announced new steps to achieve that goal by increasing fuel supplies, offering more consumer choices, and reducing gasoline prices for Americans.
As part of this strategy, the Administration highlighted its actions to support sustainable aviation with a focus on low-carbon fuels that will create economic opportunity for agricultural communities. This included:
- A new Sustainable Aviation Fuel Grand Challenge to inspire the dramatic increase in the production of sustainable aviation fuels to at least 3 billion gallons per year by 2030;
- New and ongoing funding opportunities to support sustainable aviation fuel projects and fuel producers totaling up to $4.3 billion; and
- An increase in R&D activities to demonstrate new technologies that can achieve at least a 30% improvement in aircraft fuel efficiency.
Review the White House Fact Sheet on Using Homegrown Biofuels to Address Putin’s Price Hike at the Pump and Lower Costs for American Families.
Review the White House Fact Sheet on Biden Administration Advances the Future of Sustainable Fuels in American Aviation.