베트남 정부는 2035년까지 제트 켈로신에 지속가능 항공연료(SAF)를 10% 혼합할 예정입니다. 항공산업에서 지속가능한 에너지 기준으로의 세계의 변화의 일환으로 베트남의 지속가능 항공연료(SAF) 시장은 빠르게 성장하고 있습니다. 환경 친화적 인 대체 연료에 대한 산업 이니셔티브와 기후 변화의 영향을 줄이는 긴급한 필요성은 시장 확대의 촉진요인이되었습니다.
수소연료, 액체연료, 바이오연료 등 다양한 SAF가 시장에 나선다. 이 연료는 민간 여객기에서 군용 제트기까지 다양한 항공기 플랫폼에서 사용됩니다. 시장 전망은 밝은 반면, 강력한 공급망 구축, 비용 경쟁력 유지, 복잡한 규제 환경 협상 등 극복해야 할 장애물도 있습니다. 그럼에도 불구하고 정부의 강력한 지원과 국제 환경 헌신으로 베트남은 항공 산업의 청정 연료로의 전환에 큰 역할을 할 수있는 충분한 위치에 있습니다. 시장이 적극적인 탄소 중립 목표를 달성할 수 있는 부문을 만들어 내고 SAF가 널리 채택되기 위해서는 이러한 장애를 극복하는 것이 필수적입니다.
바이오연료 부문이 가장 높은 시장 점유율을 차지
베트남의 지속가능 항공연료 시장 점유율은 바이오연료 부문이 독점하고 있습니다. 이는 이 나라의 풍부한 바이오매스 자원과 정부가 실시하는 이산화탄소 배출 감축 정책 때문입니다. 베트남은 바이오매스 자원의 주요 생산국이며, 바이오매스 자원은 종래의 이용방법에서 운송부문을 위한 바이오연료 생산으로 점차 전환되고 있습니다. Vietnam Energy Outlook Report에 따르면 바이오연료 생산량은 2050년까지 크게 증가했으며 544PJ가 생산될 것으로 예상됩니다. National Energy Master Plan(NEMP)은 항공산업 등 배출 감축이 어려운 산업에서의 바이오연료의 이용을 중시하고 있으며, 수요 증가의 큰 원인이 되고 있습니다. 베트남의 신재생에너지로의 전환은 이 부문의 급속한 확대를 추진하고 있으며, 바이오연료는 2050년까지 일본의 넷 제로 목표에 중요한 역할을 하고 있습니다. SAF 시장에서 베트남의 산업 리더로서의 지위는 바이오연료의 생산능력을 지속적으로 높일수록 확고해질 것으로 예측됩니다.
예를 들어, 2024년 1월, Vietnam Airlines는 지속가능 항공연료(SAF)를 사용하여 상업 여객편을 운항하는 국내 최초의 항공사가 되었습니다. 싱가포르의 창이 공항에서 이 항공사는 5월 27일 하노이로 귀국하는 항공편에 대비하여 Airbus A321에 SAF를 주유했습니다. 싱가포르 창이 공항에서 Neste의 SAF 공급 능력이 아시아태평양에서 방문하는 항공사를 지원한 것은 이번이 처음입니다. Neste는 싱가포르 정화 공장에서 SAF를 생산한 후 통합 공급망을 이용하여 창이 공항에서 베트남 항공에 SAF를 공급했습니다. 이 항공사는 SAF를 이용함으로써 승객에게 탁월한 서비스 품질과 환경에 대한 친절함을 제공할 수 있으며, 항공 부문의 보다 지속 가능한 미래 만들기에 기여할 수 있다고 느끼고 있습니다.
기술 진보가 시장 성장을 가속
베트남의 지속가능 항공연료 시장 점유율은 기술 향상으로 극적으로 상승하고 있습니다. 이 증가는 연료 생산 산업, 특히 재생 가능 연료 생산의 진보로 인한 것입니다. Vietnam Energy Outlook Report에 따르면 베트남은 바이오연료 및 합성 연료를 생산하는 최첨단 기술의 통합에 큰 발전을 보이고 있으며, 이들은 항공 부문의 탈탄소화 노력에 필수적입니다. 합성가스 제조, 바이오매스 가스화, 재생가능 제트연료와 같은 재생가능 액체연료와 같은 최신 기술이 시장을 전진시키고 있습니다. 베트남은 생산, 운송, 저장 및 유통을 포함한 재생 가능 연료 공급 체인 전체의 향상에 중점을 둡니다. Hydrogen Strategy에서 알 수 있듯이 베트남은 전자 연료와 그린 수소의 창출에 주력하고 있으며 SAF 시장을 강화하고 있습니다. 이러한 기술이 발전함에 따라 생산 비용의 추가 감소와 생산성 향상이 예상되며, 세계의 SAF 시장에서 베트남의 지위가 확실해집니다.
이 보고서는 베트남의 지속가능 항공연료(SAF) 시장에 대한 조사 분석을 통해 시장 규모와 예측, 시장 역학, 주요 기업 현황 등을 제공합니다.
Vietnam Government is expected to blend 10% sustainable aviation fuel (SAF) in jet kerosene by 2035. As part of the global shift in the aviation industry toward sustainable energy standards, Vietnam's market for sustainable aviation fuel (SAF) is growing rapidly. The industry's dedication toward eco-friendly fuel alternatives and the urgent need to reduce the effects of climate change are driving market expansion.
Diverse SAFs are available in the market, such as hydrogen fuels, power-to-liquid fuels, and biofuels. These fuels are used in a variety of aircraft platforms, ranging from commercial airliners to military jets. Although the market's future seems bright, there are obstacles to overcome by building a strong supply chain, maintaining cost competitiveness, and negotiating complicated regulatory environments. Nevertheless, due to robust government support and international environmental commitments, Vietnam is well-positioned to play a major role in the aviation industry's transition to cleaner fuels. Overcoming these obstacles will be essential as the market develops sectors that can reach its aggressive carbon neutrality targets so that SAF can be widely adopted.
Biofuel Sector Holds the Highest Market Share
Vietnam sustainable aviation fuel market share is being dominated by the biofuel segment. This is due to the country's abundant biomass resources and policies implemented by the government to lower carbon emissions. Vietnam is a major producer of biomass resources, which are progressively being diverted from conventional usage to the production of biofuel for the transportation sector. According to the Vietnam Energy Outlook Report, biofuel production is expected to increase significantly by 2050, with an estimated 544 PJ produced. The National Energy Master Plan (NEMP), which emphasizes the use of biofuels in difficult-to-abate industries, such as aviation, is largely responsible for the rise in demand. Vietnam's shift towards renewable energy is driving the sector's rapid expansion with biofuels playing a key role in the country's net-zero goals by 2050. Vietnam's industry leadership in the SAF market is anticipated to consolidate as it continues to increase its ability to produce biofuels.
For instance, in January 2024, Vietnam Airlines became the first airline in the country to operate commercial passenger flights using sustainable aviation fuel or SAF. At Changi Airport in Singapore, the airline refueled an Airbus A321 with SAF in preparation for its May 27 return flight to Hanoi. This is the first time Neste's SAF supply capabilities at Singapore Changi Airport have helped a visiting carrier from Asia-Pacific. Neste used its integrated supply chain to deliver SAF to Vietnam Airlines at Changi Airport after producing it as a refinery in Singapore. The airline feels that by utilizing SAF, it will be possible to provide passengers with exceptional service quality and environmental friendliness while helping to create a more sustainable future for the aviation sector.
Technology Advancements Boosts Market Growth
Vietnam's market share of sustainable aviation fuel is rising dramatically due to the technological improvements. The increase has been largely attributed to advancements in the fuel production industry, particularly in the creation of renewable fuels. Vietnam is making significant progress in integrating cutting-edge technology to manufacture biofuels and synthetic fuels, which are essential for the aviation sector's decarbonization efforts, according to the Vietnam Energy Outlook Report. Modern techniques such as manufacturing synthetic gas, biomass gasification, and renewable liquid fuels like renewable jet fuel are advancing the market. Vietnam's emphasis on improving the entire renewable fuel supply chain which includes production, transmission, storage, and distribution. The nation's dedication to creating e-fuels and green hydrogen, as delineated in the Hydrogen Strategy, bolsters the SAF market. As these technologies advance, it is anticipated that they will further lower production costs and boost productivity, securing Vietnam's place in the global SAF market.
For instance, in May 2024, to reach its net zero emission goals, Vietnam Airlines is adding wide-body aircraft to its fleet, such as Boeing 787 and Airbus A350. These planes are more competitive and efficient as they can accommodate 311-367 passengers and have a bigger cargo capacity. Due to their integrated technology that lowers pollutants and fuel consumption, the new generation of airplanes is especially environmentally friendly. Comparing Vietjet's current fleet to other airlines, it can save 15-20% on fuel and lower emissions per passenger by 25-30%. Vietnam is focusing on improving the production, transport, storage, and distribution of renewable fuels, which supports these achievements. The nation's dedication to developing e-fuels and green hydrogen, as delineated in the Hydrogen Strategy, reinforces the SAF market.
Southern Vietnam is Expected to Hold the Highest Market Share
Due to its advantageous location and strong infrastructure for renewable energy, the southern area of Vietnam is expected to hold the largest market share of sustainable aviation fuel. Owing to its significant solar and wind energy capacities which are essential for the generation of SAF, the south-central region is growing fast due to the rise in infrastructure projects. With large onshore and offshore wind farms contributing to the energy mix, the region has the greatest percentage of wind capacity in the country. The South's supremacy in the SAF market is further cemented by the numerous linkages that connect it to other regions of the country, allowing for efficient distribution of the generated renewable energy. With growing investments in renewable energy infrastructure in South, Vietnam is anticipated to maintain this regional advantage as it moves closer to its net-zero targets. Due to the region's strategic significance and potential for renewable energy, it leads the SAF market to Vietnam's larger energy transition initiatives.
Government Focus on Sustainability to Influence Market Growth
The sustainable aviation fuel market is expanding due to the Vietnamese government's dedication to sustainability. Through strategic frameworks such as the Power Development Plan (PDP8) and the National Climate Change Strategy for 2050, the nation hopes to attain net-zero emissions. Government regulations encourage the use of renewable fuel in several industries, including aviation. These programs are incorporated into the National Energy Master Plan (NEMP), which is a larger strategy for minimizing reliance on imported fuel and maximizing domestic resources. For the SAF market to flourish and meet global climate goals, these plans must align with Vietnam's sustainability objectives.
For instance, in March 2024, a Japanese business called Toyo Group is investigating the possibility of producing sustainable aviation fuel and has made a sizable investment in Vietnam. Real estate, energy, and projects including a USD 220 million (VND 5519 billion) renewable energy plant in Bac Ninh province and a USD 40 million (VND 1003 billion) Green Energy Plant in Binh Dinh province, are among the company's current investments. JGC Holdings Corporation, an engineering firm with experience in major projects in petrochemical, energy, and other industrial sectors is working with Toyo Group.
Future Market Scenario (2024 - 2032F)
Vietnam's market for sustainable aviation fuel has a positive outlook, owing to the nation's strong environmental policies, developing technological capabilities, and advantageous geographic location. The SAF market is anticipated to expand rapidly as Vietnam works toward its goal of net-zero emissions by 2050, aided by initiatives such as the Power Development Plan (PDP8) and the National Energy Master Plan. The development of renewable energy sources, such as biofuels and synthetic fuels, is given priority in these frameworks as they are crucial for decarbonizing the aviation industry. Technological developments that will further improve the efficiency and economics of SAF generation include the development of green hydrogen and biomass gasification. Vietnam is in a strong position to dominate the region in SAF production due to its technological advancements and rising investments in renewable energy infrastructure, especially in the south-central and south-east regions.
Key Players Landscape and Outlook
The sustainable aviation fuel market in Vietnam is in its early stages, with major aviation firms such as VietJet Air and Bamboo Airways spearheading early initiatives. International corporations such as Neste and World Energy are seeking collaborations to access this developing industry. The market is expanding due to the international pressure for decarbonization and constant government support. With space for rapid expansion in Vietnam's aviation industry, sustainability becomes more popular throughout Southeast Asia, the SAF aviation fuel market is expected to boost in the forecast years.
For instance, in December 2023, to promote sustainable aviation fuel (SAF) in Vietnam, Dubai-based SAF One and Vietnamese low-cost carrier Vietjet Air have teamed. A Memorandum of Understanding (MoU) was inked in Dubai during COP28 to help the airline and SAF One to work together. SAF One, which was founded in May by Sencirc Holding, based in Abu Dhabi, and Novus Aviation Capital, focuses on assets in the circular economy. The collaboration comes at the same time as Jeff Ovens is named SAF One's Chief Operating Officer, effective January 2024, and there is an increasing emphasis on SAF supply and procurement in Asia-Pacific.
For instance, in March 2024, Japanese renewables firm Nihon Toyo has already deployed many energy projects in Vietnam, including a USD 40 million green energy factory project in Binh Dinh, a USD 220-million waste treatment factory in Bac Ninh, and a USD 60 million cosmetics plant in Ho Chi Minh City.
Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work.