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Hydroprocessed Esters and Fatty Acids (HEFA) Market Growing at a 16% CAGR Driven by Shift to Bio-Based Fuels and CO2 Emission Reductions in Aviation: TMR
Numerous vegetable oils and fats may be converted into hydroprocessed esters and fatty acids, which are renewable diesel fuels.
They are widely used in generators, automobile gasoline, aircraft fuel, and many industrial uses. Fatty acids and hydroprocessed esters are the top substitutes for traditional jet fuels.
The market for hydroprocessed esters and fatty acids (HEFA) is expanding due to the increased switch from fossil fuels to bio-based fuels. Jet biofuels are substitute aviation fuels that function similarly to fossil jet fuels in terms of their chemical makeup. These biofuels contribute to the aviation industry's decrease in CO2 emissions.
Prominent entities in the global market for hydroprocessed esters and fatty acids (HEFA) are assessing possible feedstocks for HEFA production. Important players have also effectively proven the commercial production of hydro-processed renewable aviation fuels.
The following companies are well-known participants in the hydroprocessed esters and fatty acids (HEFA) market:
Key Developments
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