SK Energy recently announced that it had successfully exported SAF to Europe, marking a key moment for South Korea’s refining industry. The achievement is especially significant as the European Union now requires all flights departing from its member countries to use at least 2% SAF starting this year, reported Korea Times.
An SK Energy spokesperson said the company is honoured to be the first South Korean oil refiner to enter the world’s largest SAF market. The spokesperson added that this milestone highlights the company’s focus on sustainable energy and strengthens its leadership in SAF production.
HD Hyundai Oilbank, another major South Korean refiner, pointed to its early success in selling SAF. The company began supplying SAF to Japan’s All Nippon Airways in June 2023, marking an important step for the local industry.
S-Oil, which is owned by Saudi Aramco, has also started making SAF. It produces fuel for Korean Air flights between Incheon and Tokyo and has signed an agreement with T’way Air to supply its fuel.
Meanwhile, GS Caltex has not yet started SAF production but has confirmed plans to invest in facilities to produce the fuel in the future.
Demand for SAF is growing as countries introduce stricter environmental rules and push for cleaner aviation fuel. With this trend, competition among South Korean refiners is expected to increase. The focus on SAF production is not only expected to improve profits but also play a key role in reducing carbon emissions from air travel.
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