Carbon neutral fuel

Carbon-neutral fuels, also known as synthetic fuels, are produced by reacting green hydrogen with captured CO2. Carbon-neutral fuels are seen as a possible way to meet climate goals, especially in areas that are hard to electrify, like shipping, heavy trucking, and aviation.

Carbon-neutral fuels face several challenges. The production process is complex and costly, and the current infrastructure for their production is underdeveloped. Additionally, they may not eliminate other pollutants, such as NOx or particulate matter. Moreover, the energy required to produce synthetic fuels is substantial.

Carbon neutral fuel startup

We research early- and growth-stage startups that develop advanced technologies for producing carbon-neutral fuels.

Carbon neutral fuel applications

Aviation fuels

Carbon-neutral fuels are seen as a promising solution for the aviation industry, which is responsible for a significant portion of global greenhouse gas emissions. Synthetic kerosene, for example, can be used in existing aircraft without the need for modifications, offering a near net-zero emission flight option.


The shipping industry, which is also hard to decarbonize due to its high energy requirements, can benefit from carbon-neutral fuels like methanol.

Heavy-duty road transport

For heavy-duty road transport, such as trucks and buses, carbon-neutral fuels provide an alternative to diesel.

Carbon neutral fuel market

The global synthetic fuels market is valued at USD 48.4 billion in 2023 and is projected to reach USD 70.1 billion by 2030, growing at a compound annual growth rate (CAGR) of 5.4%.

The market faces challenges such as the high cost of production compared to traditional fuels and the need for significant energy input, often from renewable sources, to ensure carbon neutrality.

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