e-fuels.com

Lydian raised 43 million dollars in July for a platform it says cuts e-SAF plant capital costs by more than half.

Europe gave airlines about €430m in ETS allowances for SAF burned in 2025. Not one tonne was e-SAF. The money found tanks, not plants. Source: European Commission, Sept 2026

Mandates move molecules. EU SAF supply went from 193,000 tonnes in 2024 to 1.1 million in 2025, almost six times as much.

The SAF gap is closing from the wrong side. Its premium over jet was 52% on 19 Oct, per S&P. Hainan still plans up to 300,000 t a year.

Europe's SAF mandate has a sunny carve-out. ReFuelEU skips airports in the EU's nine outermost regions, the Canaries and Madeira included.

Europe eased shipping into its carbon market. Companies surrender allowances for 40% of 2024 emissions, 70% of 2025, all of 2026.

Europe's e-fuel rules reward whoever builds first. Plants running before 2028 skip the additionality tests until 2038.

The mandate era started from almost nothing. SAF was 0.53% of global jet fuel use in 2024, by EASA's count.