Top Jet Fuel Companies

The competitive landscape of the global jet fuel industry is currently undergoing a significant transformation, primarily driven by the urgent need for decarbonization and the emergence of sustainable aviation fuels (SAF). Traditional oil and gas giants, such as ExxonMobil, Chevron, BP, Shell, and TotalEnergies, are major players with established infrastructure for production, distribution, and supply of conventional jet fuel.

Several companies are focusing on developing technology to produce sustainable aviation fuel using renewable feedstocks like agricultural waste, carbon dioxide, and even municipal solid waste. This innovation aims to reduce the aviation industry's dependence on traditional fossil fuels, helping to meet global sustainability targets. New technological advancements are focused on capturing carbon emissions and converting them into usable jet fuel. This process not only helps mitigate climate change but also supports the aviation industry's transition to more sustainable fuel sources. Several projects are already in the works, producing fuels that can seamlessly replace conventional jet fuel.

• Twelve (Founded 2019): Twelve's core strategy revolves around power-to-liquid (PtL) technology, utilizing renewable electricity and captured carbon dioxide to produce "e-jet fuel." Their competitive advantage lies in their innovative approach that bypasses the need for biomass feedstock, potentially leading to a more scalable and sustainable production pathway with lower land-use impacts. Their strategy includes forming direct offtake agreements with major airlines, as demonstrated by their significant deal with IAG in March 2024, showcasing a focus on securing demand early in their commercialization journey. They aim to position themselves as a key supplier of ultra-low carbon e-fuels, capitalizing on the increasing pressure on airlines to adopt sustainable solutions beyond traditional biofuels.

• Dimensional Energy (Founded 2016): Dimensional Energy focuses on producing sustainable fuels and chemicals from carbon dioxide using renewable energy. Their strategy emphasizes modular and distributed production. Instead of building massive, centralized plants, they aim to deploy smaller, more flexible units that can be located near sources of captured CO2 and renewable energy. This approach can reduce transportation costs and enhance supply chain resilience.

Top Player’s Company Profile

• ExxonMobil Corporation (USA) 
• Royal Dutch Shell plc (Netherlands/UK) 
• BP plc (UK) 
• Chevron Corporation (USA) 
• TotalEnergies SE (France) 
• Phillips 66 (USA) 
• Valero Energy Corporation (USA) 
• Marathon Petroleum Corporation (USA) 
• Sinopec Group (China) 
• China National Petroleum Corporation (CNPC) (China) 
• Lukoil (Russia) 
• Indian Oil Corporation Limited (India) 
• Eneos Holdings, Inc. (Japan) 
• Repsol S.A. (Spain) 
• Petróleos de Venezuela, S.A. (PDVSA) (Venezuela) 
• Phillips 66 Partners (USA) 
• Neste Corporation (Finland) 
• Petrobras (Petróleo Brasileiro S.A.) (Brazil) 
• PetroChina Company Limited (China)