Sustainable Aviation Fuel

What Sustainable Aviation Fuel does

Shell plc is one of the world's largest integrated energy companies, operating across upstream oil and gas exploration, LNG production and trading, refining, chemicals, marketing, and an expanding portfolio of renewables, hydrogen, carbon capture and storage (CCS), and biofuels. The company serves more than 1 million commercial and industrial customers globally, processes approximately 33 million daily retail transactions at Shell-branded stations across roughly 44,000 sites, and supplies aviation fuel, lubricants, and sustainable solutions in more than 60 countries through Shell Aviation. Within this portfolio, Sustainable Aviation Fuel (SAF) is positioned as an alternative to fossil-based jet fuel that can materially reduce aviation emissions, leveraging Shell's existing blending and trading capabilities in biofuels and its global aviation refuelling infrastructure.

The underlying technology stack spans proprietary Gas-to-Liquids (GTL) processes, large-scale LNG liquefaction (LNG Canada, Pearl GTL in Qatar), deep water and conventional hydrocarbon extraction, commercial CCS hubs, hydrogen production, and Shell Catalysts & Technologies, a licensing and technical services business. Shell Aviation supplies jet fuel, lubricants, and SAF through direct enterprise sales relationships with airlines ranging from the world's largest carriers to private pilots, using a quote-based B2B pricing model under multi-year contracts. Adjacent product lines include Shell Marine (vessel fuels and technical services), Shell Bitumen (over 100 years of bitumen supply), Shell Fleet Solutions (commercial vehicle fleets), and the Shell brand licensing program valued at $51.8 billion (Brand Finance 2025).

Shell's revenue model is primarily transactional (fuel and feedstock sales) supplemented by licensing royalties (Catalysts & Technologies, brand licensing) and emerging recurring revenue in Renewables and Energy Solutions (power, hydrogen, carbon credits). The company employs approximately 85,000 people across more than 70 countries, is incorporated in England and Wales as a public limited company, and trades on the London Stock Exchange and New York Stock Exchange under ticker SHEL. Strategic priorities articulated by management include becoming a net-zero emissions energy business by 2050, growing LNG sales 4-5% annually through 2030, and sustaining liquids production toward 1.4 million barrels per day.

Name

Sustainable Aviation Fuel

Legal name

Shell plc

Website

https://shell.com

Company type

Public

Founded year

1907

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Shell plc is a global integrated energy major serving more than 1 million commercial customers and 33 million daily retail consumers across 70+ countries. Its product portfolio includes oil and gas, LNG, chemicals, and emerging low-carbon offerings such as Sustainable Aviation Fuel, hydrogen, CCS, and biofuels.

Ownership category

akta.pro rank

Product category

Sustainable Aviation Fuel

NAICS

Industrial Gas Manufacturing (32512)

SIC

Oil & Gas Field Machinery & Equipment (3533)

akta.pro primary industry

Sustainable Aviation Fuel (SAF) & Alternative Fuels (e-fuels, biofuels, hydrogen) (THABANAA)

akta.pro secondary industries

Sustainable Aviation Fuel (SAF) Production (HEFA, FT, ATJ) (EUAAAHAE), Fuel Management & Uplift Operations (THABAIAK)

Keywords

• Sustainable aviation fuel
• Aviation biofuels
• Jet fuel supply
• Low-carbon fuels
• Aviation decarbonisation

Headquarters

HQ city

The Hague

HQ country

Netherlands

HQ region

Europe

Offices4 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Upstream - Oil and Gas Production: Exploration and extraction of crude oil, natural gas, and natural gas liquids from deep water and conventional fields. Revenue from sales of produced hydrocarbons.
2. Integrated Gas - LNG: LNG production, trading, optimisation, marketing and distribution. Includes operations like LNG Canada and Pearl GTL. Revenue from LNG sales and shipping.
3. Downstream - Marketing (Fuels and Lubricants): Marketing of fuels and lubricants for transport, manufacturing, mining, power generation, agriculture and construction. Includes Shell Mobility retail network with EV charging.
4. Downstream - Chemicals and Products: Manufacturing plants and refineries repurposing into energy and chemicals parks. Turns crude oil and other feedstocks into products for households, industry and transport. Includes pipeline business and oil sands.
5. Renewables and Energy Solutions: Power generation from wind, solar and pipeline gas. Hydrogen production and marketing. Commercial CCS hubs, carbon credits and nature-based solutions.
6. Trading and Supply: Trading of natural gas, electrical power, crude oil, refined products, chemical feedstocks and environmental products. One of world's largest LNG carrier and oil tanker fleets.
7. Shell Aviation: Aviation fuel, lubricants and sustainable solutions supply in 60+ countries to airlines and private pilots.
8. Shell Marine: Integrated marine fuel and technical service solutions for vessel operations globally.
9. Shell Bitumen: World's leading bitumen supplier with over 100 years experience, supplying products for road, roofing and airport sectors.
10. Shell Catalysts & Technologies: Technical services and licensed technologies for industrial process plants.

Pricing tiers

Go-to-market motion4 records

Distribution channels7 records

Marketing channels9 records

Core offering

Sustainable Aviation Fuel (SAF) is Shell Aviation's lower-carbon alternative to fossil-based jet fuel, designed as a drop-in replacement to significantly reduce emissions from flying. Shell Aviation supplies aviation fuel, lubricants, and sustainable aviation solutions in more than 60 countries, serving customers ranging from the world's largest airlines to private pilots through an extensive global refuelling network. The offering is part of Shell's broader Renewables and Energy Solutions portfolio, which includes biofuels blending and trading, hydrogen, carbon capture and storage, and nature-based solutions to support aviation decarbonisation.

Differentiator

Problem solved

Functional benefit

Brands

• Shell Aviation: Aviation fuel, lubricants, and sustainable solutions for aviation industry customers in more than 60 countries
• Shell Bitumen
• Shell Brand Licensing
• Shell Catalysts & Technologies
• Shell GTL Fluids
• Shell Marine
• Shell MarketHub
• Shell Low Carbon Solutions
• Shell Eco-Marathon
• Shell Energy

Products and services

• Sustainable Aviation Fuel (SAF) Lower-carbon alternative jet fuel designed as a drop-in replacement for fossil-based kerosene to reduce aviation emissions, supplied to commercial airlines, corporate operators, and private pilots through Shell Aviation's global refuelling network.

Quantifiable outcome

• Scope 1 and 2 emissions down 36% by end of 2025 compared to 2016 baseline (targeting 50% reduction by 2030)
• +6 more outcomes

Named customers3 records

Segments7 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature7 records

Partnerships

Four partnerships are on record, tiered core and minor.

• ARC Resources LtdcoreStrategic or Co-development Partner · 27 April 2026Shell agreed to acquire ARC Resources Ltd, a Canadian energy company focused on the Montney shale basin in British Columbia and Alberta. The acquisition adds 370 kboe/d production, increases production CAGR to 4% through 2030, and brings ~2 billion barrels of proved plus probable reserves. Transaction valued at approximately US$13.6 billion equity value with US$16.4 billion enterprise value, expected to close H2 2026.
• QatarEnergy LNG N4 Joint VenturecoreStrategic or Co-development PartnerShell holds interest in QatarEnergy LNG N4 joint venture which operates an LNG train at Pearl GTL facility in Qatar. Train One is start-up ready pending Strait of Hormuz transit. Train Two was damaged during Middle East conflict and requires approximately one year to return to service.
• LNG CanadacoreStrategic or Co-development PartnerShell holds 40% interest in LNG Canada liquefaction plant. Groundbirch assets (including acquired ARC production) supply gas to LNG Canada for export. Key growth driver for Shell's Integrated Gas division.
• Turner IndustriesminorStrategic or Co-development PartnerTurner Industries has partnered with Shell for over 25 years at Geismar site, with mutual learning between organisations on safety practices and operational excellence.

Scale indicators16 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Marathon Petroleum: Marathon Petroleum is one of the largest US refiners, with growing renewable diesel capacity and interest in SAF. While not as globally diversified as Shell, it is comparable in refining scale, downstream-to-customer integration, and exposure to renewable fuel margin opportunities.
• Valero: Valero is a major US-based refining and renewable diesel producer with Diamond Green Diesel joint venture leadership. Its refining-plus-renewable diesel model provides a useful comparison for the refining-side economics and feedstock strategy relevant to Shell's SAF ambitions.
• Phillips 66: Phillips 66 is a US refiner with growing renewable fuels exposure. Its midstream and downstream integration is comparable to Shell's downstream business and provides a peer benchmark for capital allocation between refining and renewable fuels.

Emerging players

• LanzaJet: LanzaJet is an emerging alcohol-to-jet (ATJ) SAF technology company with operational plants and airline offtake agreements. It is comparable to Shell as a next-generation SAF pathway developer, representing both a potential partner and a competitive threat in e-SAF/ATJ scale-up.
• World Energy: World Energy is a SAF pioneer and one of the first commercial-scale HEFA SAF producers in North America. It is comparable to Shell as a focused SAF specialist, offering a benchmark for niche-pure-play economics even though Shell is far larger and more diversified.

Direct peers

• ExxonMobil: ExxonMobil is a global integrated oil and gas major with a significant aviation fuel and renewable fuels business, including SAF pathways. It is directly comparable to Shell across integrated upstream-to-customer value chain, capital scale, and stated ambitions in biofuels and low-carbon energy solutions.
• BP: BP is an integrated energy major with a substantial aviation fuel presence and stated ambitions in biofuels and SAF. BP's integrated gas, refining, and convenience retail model closely mirrors Shell's structure, making it one of the most direct peers for SAF and low-carbon fuels.
• Neste: Neste is the world's largest producer of renewable diesel and sustainable aviation fuel, with major SAF supply agreements with airlines globally. It is the closest pure-play SAF competitor to Shell's aviation biofuels activity and benchmarks the technological frontier in HEFA-based SAF.
• Chevron: Chevron is a US integrated oil and gas major investing in renewable fuels and SAF pathways. It is comparable to Shell as a global integrated peer with downstream aviation exposure and a credible balance sheet to fund energy transition investments.
• TotalEnergies: TotalEnergies is a European integrated oil and gas major with an established aviation biofuels business and significant SAF offtake agreements with airlines. Its integrated model and European regulatory exposure are highly comparable to Shell's positioning in SAF.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

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Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries15 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Sustainable Aviation Fuel