Sustainable Fuels – Fields of (Achievable) Dreams

Renewable fuels have a very bright future in our view, but the focus will likely move away from capturing high credits like LCFS towards aviation fuel globally.
Despite forays into electric and hydrogen power for aircraft, sustainable, low carbon jet fuel will likely dominate decarbonization efforts for many decades.
Electricity and fuel cells will eat into gasoline and diesel demand quickly (next 10-15 years), but renewable (ground) transport fuel demand will still rise.
Carbohydrate and waste-based fuels will be necessary; the current scale is small, and the investments needed are huge; newer/lower-cost technologies will emerge.
Otherwise, we look at Eastman’s plans in France, more on renewable fuels, further ESG investing challenges, and ExxonMobil’s net-zero ambitions.

See PDF below for all charts, tables and diagrams