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Sustainable Aviation Fuel Market Size is Expanding at USD 14.84 Bn by 2032

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Ottawa, Feb. 22, 2023 (GLOBE NEWSWIRE) — The global sustainable aviation fuel market size was estimated for USD 433.26 million in 2022. The growing support from various governments and the increasing effectiveness of sustainable aviation fuel is driving the growth of the market for renewable fuels. Furthermore, the rise in air transportation and consumption of chemically synthesized lubricants is driving market expansion. As a result, the rising number of individuals using air transportation aided the market’s development. Furthermore, air travel is critical to economic growth and development, and it contributes to the expansion of trade, tourism, and job opportunities.

The aviation method is expanding and will continue to grow, which will be an important market growth determinant. Increased spending on aircraft infrastructure development by public and private sector participants will also enhance overall growth. Furthermore, continuous R&D in the deployment of progressive innovations will expand the scope of modification.

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Market Dynamics

Drivers: Increase in the use of synthetic lubricants.

Synthetic lubricants offer enhanced energy efficacy, thermal stability, superior performance in extreme conditions, and oxidation resistance, all of which contribute to the expansion of the worldwide sustainable aviation fuel industry. Furthermore, synthetic lubricants provide improved tolerance to frictional wear of costly aircraft structures and longer service life, driving the market to growth. Moreover, companies involved in the production of sustainable aviation fuels have implemented a growth strategy to provide technologically advanced and efficient lubricants, which aid in the expansion of sustainable aviation fuel in the global market.

Restraint: Crude oil price fluctuations

Crude oil cost fluctuations have a direct influence on the production of aircraft fuels. Any rate increase or decrease has an impact on the industry developments for aviation fuels. Any rise in the price of crude oil directly drives up the cost of production for makers. Thus, a surge in crude oil prices further affects airlines, as a flight uses 14 liters of fuel per km on average, increasing operational costs. The added cost of aviation fuels as a result of rising prices for crude oil stifles market growth.

Segment landscape in the global

Technology Landscape

The Fischer Tropsch Synthetic Paraffinic Kerosene (FT-SPK) sector dominated the market in 2022, with a major share. The FTSPK process gasifies coal, natural gas, or biomass feedstocks into syngas of hydrogen and carbon monoxide. This syngas is enzymatically converted into a liquid hydrocarbon fuel mixing component in the FT reactor.

Catalytic Hydro thermolysis Jet (CHJ) is growing at a remarkable rate with a fastest CAGR. In the CHJ process, also known as hydrothermal liquefaction, free fatty acid (FFA) oil obtained from the refining of excess oils or energy oils is blended with preheated feed solution and then transferred to the Catalytic hydro reactor. Under extremely high temperatures and pressure, a single phase of FFA and supercritical water (SCW) is formed. The FFAs are cracked, cyclized, and isomerized into isoparaffin, paraffin, aromatic, and cycloparaffin compounds. Its raw material is vegetable or animal fats, greases, and oils.

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Report Scope Details
Market Revenue By 2032 USD 14.82 Billion
CAGR 42.39% from 2023 to 3032
Military Aviation Revenue Share 42% in 2022
Biofuel Segment Revenue Share 53% in 2022
Key Players Northwest Advanced Biofuels, LLC., Fulcrum BioEnergy, Inc., Aemetis, Inc., Red Rock Biofuels, TotalEnergies SE, OMV Aktiengesellschaft, Neste Oyj, SKYNRG, Eni SPA, Avfuel Corporation, SG Preston Company, Gevo Inc., Sundrop Fuels Inc., Ballard Power Systems, Velocys, ZeroAvia, Inc. and Others

Aircraft Type Landscape

Military aviation led the market in 2022, with an 42% in 2022. This increase is the result of an increase in the defense budget as well as various government plans to use sustainable aviation fuel. Military aviation includes transport and fighter planes, as well as rotary-wing planes and unmanned aerial vehicles (UAV).

The regional transport aircraft sector is anticipated to grow at a steady pace from 2023 to 2032 with a strongest CAGR. Regional aircraft are made up of regional jets and turboprops, each of which serves a specific purpose in commercial aviation. The incorporation of innovative and cost-effective technologies in aircraft systems is a significant success factor for makers because it rises the appeal and benefits by improving the inflight passenger experience due to increased comfort and reduced cabin noise levels, as well as less noise within and around airports. Clean Sky’s Regional Aircraft program’s role is to verify the incorporation of innovations onto regional aircraft at an elevated degree of complexity than that attained in the 1 Green Regional Aircraft (GRA) program, to significantly lower the risk of their integration on future developments.

Fuel Type Landscape

The biofuel sector accounted for 53% of the global industry in 2022 and is predicted to continue to dominate throughout the forecast period, owing to governments’ increased focus on addressing the rising levels of greenhouse gas emissions caused by the aviation industry.

The growing demand for renewable aviation fuels is propelling the growth of the power-to-liquid (PtL) segment, which is created by combining hydrogen, which separates from water, with carbon derived from the climate or industrial effluents gas in a process known as electrolysis. PtL is regarded as critical advanced technology for enabling a fully renewable, sustainable, post-fossil fuel aviation fuel source in the long term while mitigating potential risks.

Regional Landscape

North America was the leading market for global sustainable aviation fuel in 2022. North America dominates the market for sustainable aviation fuel due to enhanced air traffic and passengers. Furthermore, the government’s initiatives to encourage the use of sustainable aviation fuels, as well as the accelerated adoption of advanced techniques, contribute to the region’s market growth.

Europe is anticipated to grow at a remarkable pace between 2023 to 2032. The region’s aviation industry is one of the fastest-growing causes of emissions of greenhouse gases that cause climate change, and this is due to the increase in air passenger traffic in 2022. Europe is among the top regions in biofuel manufacturing technologies as of 2022, with a considerable number of manufacturing plants operational. The region’s bio-based aviation fuel manufacturing capacity is based on a small number of plants, with a maximum potential outcome of roughly 2.3 million tons per year.

Related Reports

Market Segmentation

By Fuel Type

  • Biofuel
  • Power-to-Liquid
  • Gas-to-Liquid

By Technology

  • HEFA-SPK
  • FT-SPK
  • HFS-SIP
  • ATJ-SPK

By Biofuel Blending Capacity

  • Above 50%
  • 30% to 50%
  • Below 30% 

By Aircraft Type

  • Commercial
  • Regional Transport Aircraft
  • Military Aviation
  • Business & General Aviation
  • Unmanned Aerial Vehicles

By Geography

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • The Middle East and Africa

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Ancoris Recognised as Top Place to Work for Second Year Running by The Sunday Times

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Ancoris recognised for fostering a sense of empowerment and respect within the workplace91% of Ancoris employees feel empowered at work93% of employees say that are treated with respectLONDON, May 21, 2024 /PRNewswire/ — Ancoris, a UK-based Google Cloud services provider, has been named a Top Medium Business in The Sunday Times 2024 Best Places to Work list. The accolade has been awarded for the second year in a row, and recognises Ancoris’ focus on DEI; its commitment to empowerment, reward, and recognition; and its wellbeing policies and frameworks.

“I am so pleased to see Ancoris recognised, once again, as a top place to work!” says Andre Azevedo, Ancoris CEO. “Ancoris is a place where we try our best to foster collaboration, empowerment, innovation, and respect – so to have our employees echo this and respond in the way they have is amazing.”
The Sunday Times survey captured Ancoris employees’ responses in a number of categories: Reward and Recognition, Information Sharing, Empowerment, Wellbeing, Instilling Pride, and Job Satisfaction. The independently managed survey showed Ancoris scoring “excellent” across all six engagement categories, with top scores in Empowerment, Wellbeing, Reward & Recognition. In response, 93% of employees say they are treated with respect; 92% feel trusted and able to make decisions; and 91% of employees feel empowered at work.
“We’ve seen a lot of change over the last 12 months. The rise of Generative AI has caused shifts in our market and  economic conditions are causing customers to really qualify where they make technology investments. These pivots undoubtedly have an impact on our employees and how people feel at work,” Azevedo continues. “I truly believe, however, the innovative work we are doing for our customers has helped us maintain and create an even stronger sense of collaboration and pride for our team members. We’re lucky to have so many smart people within our business, so continuing to give them interesting, challenging, and rewarding problems to solve for our customers is really key.”
About AncorisAncoris is a leading Google Cloud Services Provider, headquartered in the UK, on a mission to become the most innovative Google Cloud partner in the ecosystem. Ancoris leverages its strong problem solving skills and continuous improvement approach to help customers become AI Native and stay ahead of their competition. Ancoris has extensive experience in Google Cloud technologies helping enterprises integrate AI-native solutions into their business through expertise in Data & AI, Application and Infrastructure Modernisation, Workspace, and Maps. Ancoris was recognized as a Rising Star for Data, Analytics, and Machine Learning in the ISG Provider™ Lens for Google Cloud Partner Ecosystem in 2022 and 2023 consecutively, and awarded Google Cloud’s 2024 EMEA Public Sector Partner of the Year award. Ancoris employs the best in the business and was named in the Top 10 Sunday Times Best Places to Work 2023, and a Top Place to Work in 2024.
Contact: Holly [email protected]
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Department of Health – Abu Dhabi Partners with Roche Pharmaceuticals Middle East to Elevate Research, Clinical Trials, and Real-World Data

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ABU DHABI, UAE, May 21, 2024 /PRNewswire/ — The Department of Health – Abu Dhabi (DoH), the regulator of the healthcare sector in the Emirate, signed a Memorandum of Understanding (MoU) with Roche Pharmaceuticals Middle East during Abu Dhabi Global Healthcare Week (ADGHW). Under the MoU, the two entities will advance critical research using real-world data to study and assess the spinal muscular atrophy burden in Abu Dhabi, as well as assessing potential conduction of research and the facilitation of real-world data collection to monitor Duchenne Muscular Dystrophy (DMD) disease.

 
 
In the presence of Dr. Rashed Alsuwaidi, the Executive Director of the Healthcare Workforce Planning Sector at DoH and Michael Oberreiter, Head of Global Access at Roche Pharmaceuticals, the MoU was signed by Dr. Asma Al Mannaei, the Executive Director of the Research and Innovation Centre at DoH and Mohamed Elshaarawy, General Manager Roche Pharmaceuticals, UAE.
Dr. Asma Ibrahim Al Mannaei, Executive Director of the Research and Innovation Center at the at DoH said: “Abu Dhabi has a track record of excellence and fast-growing, future-forward, data-enabled services. Serving as a hub for healthcare data, Abu Dhabi’s substantial computing power enables it to harness the potential within this data, transforming it into valuable information. This, in turn, allows us to innovate and develop novel approaches to shift healthcare towards prediction, prevention, and treatment, thereby accelerating the future of healthcare, not only for Abu Dhabi but for the global community. Through international collaborations, Abu Dhabi seeks to lead research groups supported by global partners to explore the resilience and sustainability of the healthcare sector worldwide as well as expand access to quality care for patients around the world.”
The two entities will work together to support the evolution of real-world data collection frameworks in Abu Dhabi. Enhancing DoH’s ability to track and monitor outcomes of therapies will support DoH in making informed clinical and policy decisions for better optimisation of patient outcomes. Furthermore, DoH and Roche will strengthen the research network across Abu Dhabi and improve accrual for potential clinical trials.
Mohamed Elshaarawy, General Manager Roche Pharmaceuticals, UAE said: “This MoU underscores our collaboration with the DoH which is fuelled by a shared vision of harnessing the power of data to drive informed decision-making within the healthcare system. Data-driven healthcare systems hold immense potential to revolutionise patient care and outcomes. Through the generation, utilisation, and realisation of data, healthcare professionals and policymakers can unlock valuable insights, identify trends, and make evidence-based decisions. This data-driven approach enables us to optimise resource allocation, personalise treatment approaches, and ultimately achieve better patient outcomes. By harnessing the full potential of data, we can improve the overall efficiency and effectiveness of the healthcare system, ensuring that every patient receives the highest quality of care tailored to their specific needs. We are sincerely grateful for the trust, confidence, and empowerment the DoH has placed in establishing this effective public-private partnership with Roche in the UAE.”
Held under the patronage of His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of Abu Dhabi Executive Council, ADGHW is a major government initiative by the DoH, which took place from the 13th -15th May 2024.
For more information please visit: https://www.adghw.com/
About Department of Health – Abu Dhabi (DoH):
The DoH is the regulatory body of the healthcare sector at the Emirate of Abu Dhabi and ensures excellence in healthcare by monitoring the health status of the population. DoH defines the strategy for the health system, monitors and analyses the health status of the population and performance of the system. In addition, DoH shapes the regulatory framework for the health system, inspects against regulations, enforce standards, and encourages adoption of world-class best practices and performance targets by all healthcare service providers in the Emirate. DoH also drives programmes to increase awareness and adoption of healthy living standards among the residents of the Emirate of Abu Dhabi in addition to regulating scope of services, premiums and reimbursement rates of the health system.
For further information on DoH, visit https://www.doh.gov.ae/ and follow on X, Instagram, Facebook, LinkedIn and YouTube.
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Biopharma Leaders Shape the Future of Drug Development at Veeva R&D and Quality Summit Europe

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Ascendis, Bayer, Boehringer Ingelheim, Jazz Pharmaceuticals, Novo Nordisk, Sanofi, and Teva to keynote sharing innovations to drive better patient outcomes
BARCELONA, Spain, May 21, 2024 /PRNewswire/ — Veeva Systems (NYSE: VEEV) today announced that leaders from Ascendis Pharma A/S, Bayer, Boehringer Ingelheim, Jazz Pharmaceuticals, Novo Nordisk, Sanofi, and Teva will be keynote speakers at Veeva R&D and Quality Summit, Europe, June 4-5 in Madrid, Spain. Life sciences professionals across the industry will come together to share how connected technologies across clinical, regulatory, safety, and quality are advancing innovations for patients.

As one of the largest gatherings of biopharma leaders in Europe, Veeva R&D and Quality Summit will bring together over 1,000 industry professionals to share learnings across more than 100 sessions. Bayer and Jazz Pharmaceuticals will join Rik Van Mol, senior vice president of Veeva Development Cloud, and Avril England, general manager of Veeva Vault, for the opening keynote to explore the future of development for new medicines and therapies.
The event’s zone keynotes include:
Ascendis and Bayer, sharing strategies to reduce costs and accelerate trials with a connected platform.Boehringer Ingelheim, detailing its shift toward data-centric regulatory information management.Novo Nordisk, showing how it uses data and AI to transform clinical research.Sanofi, explaining its innovative approach to advance quality through operational excellence.Teva, providing insight into its rapid journey from disparate safety systems into one streamlined global solution.A panel with Elpida Therapeutics CEO Terry Pirovolakis and Veeva experts will close the event with a discussion on how the industry can best accelerate the development of life-saving rare disease gene therapies.
“Connecting clinical, regulatory, safety, and quality is key to advancing the product lifecycle and delivering better outcomes for patients,” says Rik Van Mol, senior vice president of Veeva Development Cloud. “At Veeva R&D and Quality Summit, biopharma leaders can connect, exchange ideas, and share new strategies to advance the industry forward together.”
Veeva R&D and Quality Summit is open exclusively to life sciences professionals. Register and review the agenda at veeva.com/eu/Summit.
Additional InformationConnect with Veeva on LinkedIn: linkedin.com/company/veeva-systems
About Veeva SystemsVeeva is the global leader in cloud software for the life sciences industry. Committed to innovation, product excellence, and customer success, Veeva serves more than 1,000 customers, ranging from the world’s largest biopharmaceutical companies to emerging biotechs. As a Public Benefit Corporation, Veeva is committed to balancing the interests of all stakeholders, including customers, employees, shareholders, and the industries it serves. For more information, visit veeva.com/eu.
Veeva Forward-looking StatementsThis release contains forward-looking statements regarding Veeva’s products and services and the expected results or benefits from use of our products and services. These statements are based on our current expectations. Actual results could differ materially from those provided in this release and we have no obligation to update such statements. There are numerous risks that have the potential to negatively impact our results, including the risks and uncertainties disclosed in our filing on Form 10-K for the fiscal year ended January 31, 2024, which you can find here (a summary of risks which may impact our business can be found on pages 9 and 10), and in our subsequent SEC filings, which you can access at sec.gov.
Contact:
Jeremy WhittakerVeeva [email protected]
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