SAF production can generate €56 Billion in GDP in Spain
Image: Iberia
The launch in Spain of a new sustainable aviation fuel production industry represents a great opportunity to generate wealth and create new jobs.
The decarbonisation of Spanish
Image: Iberia
The launch in Spain of a new sustainable aviation fuel production industry represents a great opportunity to generate wealth and create new jobs.
The decarbonisation of Spanish aviation will require five million tonnes of SAF per year in 2050. According to a study by PwC for Iberia and Vueling, with between 30 and 40 production plants distributed throughout the country, Spain would be able to cover all its national demand. Given that the country’s production potential far exceeds local demand, with the installation of more plants large volumes of SAF could be exported to the international market.
The impact on GDP of the construction and commissioning of these thirty-two production plants would be €56,000 million until 2050, as well as 270,000 new jobs.
Teresa Parejo, Iberia’s Head of Sustainability, said: “Spain has the opportunity to become a major producer of SAF. It has everything necessary. In the first place, an enormous amount of the forestry, agricultural and livestock waste products that are used to produce biological SAF. And, furthermore, Spain is on its way to leading the production of green hydrogen, which, among other things, will be used to produce synthetic SAF.”
Franc Sanmartí, Head of Sustainability at Vueling said: “Sustainable aviation fuel is essential to advance in the decarbonisation of air transport. It is already a reality and can be used in current aircraft.”
However, it is necessary to increase its production to satisfy the demand of the industry and here “we have a great opportunity to lead the production of SAF at a European level, although it requires a collective effort from all agents to promote its production.” According to the study, it will be necessary to invest around €22,000 million until 2050 for the development of all the plants.
At present, SAF production is low compared to the demand for aviation fuel. With the current infrastructures, it would only be possible to cover 0.05% of the global demand for this fuel, so it is essential to develop its production on a large scale.
A great opportunity for rural areas
Parejo added: “The production of SAF opens the door to the creation of new jobs, many of which would be located in rural areas where the largest sources of waste are used as raw materials for the production of biofuel. This would contribute to the development of what is known as “empty” Spain and to greater social and territorial cohesion.”
The regions with the greatest capacity to produce organic SAF are: Andalusia, Castilla y León, Castilla La Mancha, Catalonia, Aragon, and Extremadura.
The boost to the SAF industry opens up interesting opportunities for the circular economy, as it also represents a solution to the growing problem of waste management, which has become a new business opportunity.
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