CAAFI’s goal is to promote the development of alternative jet fuel options that offer equivalent levels of safety and compare favorably on cost with petroleum based jet fuel, while also offering environmental improvement and security of energy supply for aviation.
The recent volatility in petroleum prices caused fuel to become the single largest component of U.S. airline operating cost for the first time in history in 2006. And, concern about the environmental impacts of aviation growth is also rising within the international community. While U.S. commercial aviation consumes about 3 percent of U.S. total energy use, it drives about 6 percent of the U.S. gross domestic product and just under 9 percent of national employment. Secure and sustainable fuel sources are essential for its continued prosperity.
Aviation is international in scope, highly integrated in its fuel supply chain and, because of a significant ability to align and coordinate within the industry, well positioned to pursue alternative fuels