MUNICH, Feb. 5, 2026 /PRNewswire/ — Sungrow, the global leading PV inverter and energy storage system (ESS) provider, today announced a milestone deployment in the European market with the establishment of its first manufacturing facility in Wałbrzych, Lower Silesia. The 65,400 m² facility represents an investment of €230 million and contributes to the development of a robust European clean energy manufacturing ecosystem. The factory is scheduled to become operational within the next 12 months and is expected to create 400 new jobs in the region, fostering local expertise in the renewable energy sector.

“This new facility marks an important milestone for Sungrow in Europe. It allows us to be closer to our customers, respond more effectively to market needs, and will be a cornerstone of Sungrow’s strategy to bolster European supply-chain stability while creating skilled employment,” said Shawn Shi, President of Sungrow Europe.

Stronger clean energy value chain in Europe

The facility is designed to support large-scale production, with an annual capacity of up to 20 GW for inverters and 12.5 GWh for energy storage systems (ESS). It will integrate advanced manufacturing and quality-assurance capabilities, ensuring high standards of product performance, reliability, and safety.

Marcin Lerner, President of the Management Board of the Wałbrzych Special Economic Zone, said: “As the Wałbrzych Special Economic Zone, we are constantly building a friendly ecosystem for the development of regional, national and international business. The Sungrow investment highlights Poland’s growing strategic importance within Europe’s clean-energy value stream and shows that Poland, including the industrialized and high-tech developed region of Lower Silesia, is one of the most attractive locations in Europe to scale renewable energy technologies- thanks to public support programs, stable economic growth, accessibility to technical universities and qualified employees.

In addition to strengthening local production, the facility will enhance Sungrow’s logistics capabilities across Europe by locating key manufacturing activities closer to customers, reducing lead times and enabling more efficient distribution. This will support greater efficiency and resilience across the region’s clean energy value chain.

Shawn Shi added: “Lower Silesia’s history of skilled technical expertise in electronics, automation and advanced manufacturing made it the prime location for our new factory. We intend to hire locally to tap into this expertise, as we live our commitment to grow with the communities we serve.”

Global expertise and local footprint

Active in Europe since 2005 and being an own legal entity in 2011, Sungrow Europe has expanded its regional presence to twenty-five local representative offices, two R&D centers, twenty-six warehouses, and three Training & Technology Competence Centers and Service Centers in the region, with its European headquarters located in Munich, Germany.

If you would like to learn more about the new factory in Poland, please click here.

About Sungrow
Sungrow, a global leader in renewable energy technology, has pioneered sustainable power solutions for over 29 years. As of June 2025, Sungrow has installed 870 GW of power electronic converters worldwide. The company is recognized as the world’s most bankable PV inverter and energy storage company (BloombergNEF). Its innovations power clean energy projects across the globe, supported by a network of 520 service outlets guaranteeing excellent customer experience. At Sungrow, we’re committed to bridging to a sustainable future through cutting-edge technology and unparalleled service. For more information, please visit: https://www.sungrowpower.com/en

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SOURCE Sungrow

VIENNA, Feb. 5, 2026 /PRNewswire/ — The OPEC Fund for International Development (The OPEC Fund) committed a record US$3.2 billion to development operations in 2025, the highest annual volume in the institution’s history, and a 39 percent increase year-on-year. Delivered through 76 operations worldwide, the results reflect strong delivery amid elevated demand for development financing as the OPEC Fund enters its 50ᵗʰ anniversary in 2026.

The record performance underscored the OPEC Fund’s expanding role in supporting partner countries to strengthen economic resilience, close critical infrastructure gaps, enhance food security, facilitate energy access and address climate-related challenges.

OPEC Fund President Abdulhamid Alkhalifa said: “As we mark our 50th year, the OPEC Fund does so from a position of strength. Our 2025 results demonstrate not only increased scale, but the maturity of our institution, the trust of our partners and the confidence of our member countries and investors. Building on five decades of experience, we are focused on financing that responds quickly, reaches further and delivers lasting impact for people and communities.”

In 2025, the OPEC Fund signed 35 public-sector operations, 26 private-sector operations and 15 grants across its financing windows. Public sector commitments supported government-led reforms, infrastructure investment and the delivery of essential services and global trade. Private-sector operations channeled through financial institutions and corporate lending promoted private sector growth, job creation and trade finance. Grant financing amounted to about US$7 million, supporting humanitarian assistance, energy access and priority social sectors.

Financing in 2025 was concentrated in sectors with high development impact. Transport and infrastructure accounted for the largest share, with approximately US$900 million committed to improving connectivity and logistics. Policy-based lending totaled US$865 million, supporting macroeconomic stability and reform implementation. Trade finance and financial sector operations together exceeded US$800 million, facilitating access to finance for small and medium-sized enterprises (SMEs) and the flow of essential goods. Additional investments supported agriculture and food systems, energy, water and sanitation, health and education, reflecting the OPEC Fund’s multisector mandate and strategic priorities.

The OPEC Fund’s 2025 commitments also reflected broad geographic reach with a strong focus on regions facing the most acute development needs. Sub-Saharan Africa accounted for the largest share, with combined commitments to Eastern and Southern Africa and West and Central Africa totaling approximately US$1.2 billion, or around 36 percent of total financing, and supporting infrastructure, economic resilience and essential services.

The Middle East, Europe and Central Asia received approximately US$849 million (around 26 percent), reflecting continued engagement in infrastructure investment and policy-based operations. Latin America and the Caribbean accounted for roughly US$556 million (about 17 percent), while Asia and the Pacific received approximately US$491 million (around 15 percent). The remaining commitments supported multiregional and global operations.

Entering the Golden Jubilee year

The 2025 results mark the start of the OPEC Fund’s Golden Jubilee year, to be commemorated throughout 2026 under the theme “Where Partnership Powers Progress.” The milestone year reaffirms five decades of development cooperation with partner countries and the OPEC Fund’s enduring mandate to support inclusive growth, resilience and tangible improvements in people’s lives around the world.

About the OPEC Fund

The OPEC Fund for International Development (the OPEC Fund) is a globally mandated development institution that provides financing from member countries to non-member countries exclusively. The organization works in cooperation with developing country partners and the international development community to stimulate economic growth and social progress in low- and middle-income countries around the world. The OPEC Fund was established in 1976 with a distinct purpose: to drive development, strengthen communities and empower people. Our work is people-centered, focusing on financing projects that meet essential needs, such as food, energy, infrastructure, employment (particularly relating to MSMEs), clean water and sanitation, healthcare and education. To date, the OPEC Fund has committed more than US$32 billion to development projects in over 125 countries with an estimated total project cost of more than US$240 billion. The OPEC Fund is rated AA+/Outlook Stable by Fitch and AA+, Outlook Stable by S&P. Our vision is a world where sustainable development is a reality for all.

Contact

The OPEC Fund for International Development, P.O. Box 995, 1011 Vienna, Austria – Telephone: +43-1-515 64-0, Fax: +43-1-513 92 38, www.opecfund.org

Logo – https://mma.prnewswire.com/media/2877053/The_OPEC_Fund_Logo.jpg

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/opec-fund-marks-50-anniversary-with-record-us3-2-billion-in-development-financing-302679424.html

SOURCE The OPEC Fund for International Development

VIENNA, Feb. 5, 2026 /PRNewswire/ — The OPEC Fund for International Development (The OPEC Fund) committed a record US$3.2 billion to development operations in 2025, the highest annual volume in the institution’s history, and a 39 percent increase year-on-year. Delivered through 76 operations worldwide, the results reflect strong delivery amid elevated demand for development financing as the OPEC Fund enters its 50ᵗʰ anniversary in 2026.

The record performance underscored the OPEC Fund’s expanding role in supporting partner countries to strengthen economic resilience, close critical infrastructure gaps, enhance food security, facilitate energy access and address climate-related challenges.

OPEC Fund President Abdulhamid Alkhalifa said: “As we mark our 50th year, the OPEC Fund does so from a position of strength. Our 2025 results demonstrate not only increased scale, but the maturity of our institution, the trust of our partners and the confidence of our member countries and investors. Building on five decades of experience, we are focused on financing that responds quickly, reaches further and delivers lasting impact for people and communities.”

In 2025, the OPEC Fund signed 35 public-sector operations, 26 private-sector operations and 15 grants across its financing windows. Public sector commitments supported government-led reforms, infrastructure investment and the delivery of essential services and global trade. Private-sector operations channeled through financial institutions and corporate lending promoted private sector growth, job creation and trade finance. Grant financing amounted to about US$7 million, supporting humanitarian assistance, energy access and priority social sectors.

Financing in 2025 was concentrated in sectors with high development impact. Transport and infrastructure accounted for the largest share, with approximately US$900 million committed to improving connectivity and logistics. Policy-based lending totaled US$865 million, supporting macroeconomic stability and reform implementation. Trade finance and financial sector operations together exceeded US$800 million, facilitating access to finance for small and medium-sized enterprises (SMEs) and the flow of essential goods. Additional investments supported agriculture and food systems, energy, water and sanitation, health and education, reflecting the OPEC Fund’s multisector mandate and strategic priorities.

The OPEC Fund’s 2025 commitments also reflected broad geographic reach with a strong focus on regions facing the most acute development needs. Sub-Saharan Africa accounted for the largest share, with combined commitments to Eastern and Southern Africa and West and Central Africa totaling approximately US$1.2 billion, or around 36 percent of total financing, and supporting infrastructure, economic resilience and essential services.

The Middle East, Europe and Central Asia received approximately US$849 million (around 26 percent), reflecting continued engagement in infrastructure investment and policy-based operations. Latin America and the Caribbean accounted for roughly US$556 million (about 17 percent), while Asia and the Pacific received approximately US$491 million (around 15 percent). The remaining commitments supported multiregional and global operations.

Entering the Golden Jubilee year

The 2025 results mark the start of the OPEC Fund’s Golden Jubilee year, to be commemorated throughout 2026 under the theme “Where Partnership Powers Progress.” The milestone year reaffirms five decades of development cooperation with partner countries and the OPEC Fund’s enduring mandate to support inclusive growth, resilience and tangible improvements in people’s lives around the world.

About the OPEC Fund

The OPEC Fund for International Development (the OPEC Fund) is a globally mandated development institution that provides financing from member countries to non-member countries exclusively. The organization works in cooperation with developing country partners and the international development community to stimulate economic growth and social progress in low- and middle-income countries around the world. The OPEC Fund was established in 1976 with a distinct purpose: to drive development, strengthen communities and empower people. Our work is people-centered, focusing on financing projects that meet essential needs, such as food, energy, infrastructure, employment (particularly relating to MSMEs), clean water and sanitation, healthcare and education. To date, the OPEC Fund has committed more than US$32 billion to development projects in over 125 countries with an estimated total project cost of more than US$240 billion. The OPEC Fund is rated AA+/Outlook Stable by Fitch and AA+, Outlook Stable by S&P. Our vision is a world where sustainable development is a reality for all.

Contact

The OPEC Fund for International Development, P.O. Box 995, 1011 Vienna, Austria – Telephone: +43-1-515 64-0, Fax: +43-1-513 92 38, www.opecfund.org

Logo – https://mma.prnewswire.com/media/2877053/The_OPEC_Fund_Logo.jpg

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/opec-fund-marks-50-anniversary-with-record-us3-2-billion-in-development-financing-302679424.html

SOURCE The OPEC Fund for International Development

LONDON, Feb. 4, 2026 /PRNewswire/ — Credence Research has released a new market intelligence report highlighting exceptional growth in the global Sustainable Aviation Fuel (SAF) Market. The market is projected to expand from USD 1.43 billion in 2024 to USD 53.63 billion by 2032, registering a remarkable CAGR of 57.33% during the forecast period. This rapid rise reflects the aviation industry’s urgent shift toward low-carbon fuel alternatives amid tightening global climate regulations.

Credence Research Logo

Sustainable aviation fuel has moved from pilot programs to large-scale commercial deployment as airlines seek to reduce lifecycle emissions without compromising engine performance or safety. Certified SAF blends enable carriers to decarbonize existing fleets while avoiding costly aircraft redesigns, positioning SAF as a critical lever in aviation’s net-zero roadmap.

Regulatory Pressure and Airline Commitments Driving Growth

Global regulatory frameworks continue to shape SAF demand. Governments across North America and Europe have introduced blending mandates, tax incentives, and carbon-credit mechanisms to accelerate adoption. Airlines respond with long-term procurement strategies and multi-year offtake agreements that support production scale-up and supply stability.

“Sustainable aviation fuel is no longer an optional sustainability initiative,” said Rohit Sharma, senior analyst at Credence Research. “It has become a strategic necessity for airlines facing strict emission targets and investor scrutiny. Regulatory alignment and airline commitments are creating a clear runway for large-scale SAF commercialization.”

Major carriers actively integrate SAF into fuel strategies, supported by government-backed incentives and growing public demand for cleaner travel. These factors collectively strengthen confidence across the aviation fuel value chain.

Browse the report and understand how it can benefit your business strategy  – https://www.credenceresearch.com/report/sustainable-aviation-fuel-market

Technology Innovation and Investment Momentum

Advanced fuel pathways play a central role in market expansion. HEFA technology dominates due to proven performance and wide feedstock availability, while alcohol-to-jet and gasification pathways gain momentum through improved efficiency and scalability. Power-to-liquid and synthetic fuel routes further expand long-term growth potential by reducing dependence on agricultural inputs.

Investment activity remains strong as public funding and private capital flow into new biorefineries and modular production facilities. Energy companies, airlines, and technology providers collaborate to accelerate deployment while reducing production costs.

“Investment confidence in SAF has strengthened significantly,” the analyst added. “Capital is flowing toward scalable technologies, multi-feedstock platforms, and regional fuel hubs that can support sustained global supply.”

Regional Market Performance

North America leads the Sustainable Aviation Fuel Market with an estimated 45% share, supported by early policy adoption, strong airline commitments, and expanding biorefinery capacity. Europe follows with approximately 30%, driven by strict emission mandates and coordinated airport-level SAF integration.

Asia Pacific holds nearly 20% of the market and continues to expand rapidly as airlines modernize fleets and governments promote green aviation initiatives. The Middle East and Africa represent a smaller share but show the fastest growth, backed by energy diversification strategies and large-scale infrastructure investment. Latin America strengthens its position through abundant biomass resources and growing interest in bio-jet production.

Read this report in different languages too-

https://www.credenceresearch.com/es/report/mercado-de-combustible-de-aviacion-sostenible

https://www.credenceresearch.com/fr/report/marche-des-carburants-daviation-durables

https://www.credenceresearch.com/de/report/markt-fur-nachhaltigen-flugkraftstoff

https://www.credenceresearch.com/ja/report/sustainable-aviation-fuel-market-ja

https://www.credenceresearch.com/ar/report/sustainable-aviation-fuel-market-ar

Competitive Landscape and Strategic Outlook

The Sustainable Aviation Fuel Market remains highly competitive, with producers, energy majors, and technology developers racing to secure long-term airline partnerships. Companies focus on expanding certified production capacity, improving lifecycle emission performance, and strengthening logistics networks near major aviation hubs.

Looking ahead, SAF adoption is expected to accelerate as airlines scale long-term commitments, governments tighten blending mandates, and digital carbon-tracking systems improve transparency. Expansion of synthetic fuel technologies, regional fuel hubs, and cross-sector partnerships will further shape the market through 2032.

Key players operating in the market include 

  • SkyNRG B.V.
  • Fulcrum BioEnergy
  • Gevo
  • Aemetis Inc.
  • AVFUEL CORPORATION
  • Preem AB
  • Sasol Limited
  • TotalEnergies
  • LanzaTech
  • Neste
  • World Energy, LLC

Recent Developments:

  • In February 2025, Neste and DHL Group collaborated to assess renewable fuel solutions, including HVO100 renewable diesel and sustainable aviation fuel. The initiative supported DHL’s net-zero emissions target for 2050. The partners aimed to establish a commercial model for procuring nearly 300,000 tons of unblended SAF annually by 2030.
  • Also in February 2025, Gevo and Axens expanded their partnership to accelerate SAF production through the ethanol-to-jet pathway. The collaboration combined Axens’ Jetanol technology with Gevo’s ethanol-to-olefins platform to speed commercialization.
  • In January 2025, Shell partnered with Yilkins to integrate proprietary technologies for improved sustainable aviation fuel production efficiency.
  • During January 2025, Topsoe signed an agreement with Chuangui New Energy Company. The deal covered technology licensing and services for producing SAF and renewable diesel.
  • In December 2024, Neste and Air New Zealand finalized an agreement to supply 30 million liters of unblended Neste MY Sustainable Aviation Fuel. This marked Air New Zealand’s largest SAF purchase to date. The fuel supply supports flights at Los Angeles and San Francisco airports through February 2026.
  • In January 2024, Lufthansa Group and TotalEnergies announced a strategic partnership to produce and supply up to 2 million tons of SAF annually by 2030. The agreement represented one of the aviation sector’s largest long-term SAF commitments.
  • In March 2024, AltAir Fuels completed the acquisition of World Energy. The transaction expanded AltAir’s production capacity to 110 million gallons per year, positioning the company among the largest SAF producers in the United States.
  • In May 2024, European Union Aviation Safety Agency approved the use of SAF derived from hydroprocessed esters and fatty acids across all aircraft engine types. This decision significantly expanded commercial SAF adoption beyond biofuel-specific aircraft.
  • In April 2025, Shell and Air New Zealand signed a memorandum of understanding to collaborate on SAF production and supply for domestic routes. The agreement targeted a reduction of airline carbon emissions by up to 20% by 2030.
  • In November 2025, LanzaJet began commercial operations at its Freedom Pines Fuels ATJ facility in Georgia. The plant produces 10 million gallons annually, supplying SAF to Delta Air Lines and Microsoft.
  • In July 2025, Indian Oil Corporation inaugurated a 10,000-ton-per-year SAF demonstration plant in Panipat. The project marked India’s first domestic sustainable aviation fuel production facility.

Segments:

Fuel Type

  • Biofuel
  • Hydrogen Fuel
  • Power-to-Liquid
  • Gas-to-Liquid

Technology

  • HEFA-SPK
  • FT-SPK
  • ATJ-SPK
  • Others (HFS-SIP, CHJ, Co-processing)

Application

  • Commercial Aviation
  • Business and General Aviation
  • Military Aviation
  • Unmanned Aerial Aviation / UAV

Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • South-east Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Argentina
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of the Middle East and Africa

Reasons to Purchase this Report:

  • Gain a comprehensive understanding of the market through qualitative and quantitative analyses, considering both economic and non-economic factors, with segmentation and sub-segmentation details provided in terms of market value (USD Billion).
  • Identify regions and segments expected to experience the fastest growth or dominate the market, with a detailed analysis of geographic consumption patterns and the factors driving or hindering market performance in each region.
  • Stay informed about the competitive environment, with rankings of major players, recent product and service launches, partnerships, business expansions, and acquisitions from the past five years.
  • Access detailed profiles of major market players, including company overviews, insights, product benchmarking, and SWOT analysis, to understand competitive advantages and market positioning.
  • Explore the present and forecasted market landscape, with insights into growth opportunities, market drivers, challenges, and constraints for both developed and emerging regions.
  • Benefit from Porter’s Five Forces analysis and Value Chain insights to evaluate various market perspectives and competitive dynamics.
  • Understand the evolving market scenario, including potential growth opportunities and trends expected in the coming years.

Browse the report and understand how it can benefit your business strategy  – https://www.credenceresearch.com/report/sustainable-aviation-fuel-market

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Cision View original content:https://www.prnewswire.com/news-releases/sustainable-aviation-fuel-market-to-surge-past-usd-53-6-billion-by-2032-as-airlines-accelerate-net-zero-commitments–credence-research-302679719.html

SOURCE Credence Research Inc.

LONDON, Feb. 4, 2026 /PRNewswire/ — Credence Research has released a new market intelligence report highlighting exceptional growth in the global Sustainable Aviation Fuel (SAF) Market. The market is projected to expand from USD 1.43 billion in 2024 to USD 53.63 billion by 2032, registering a remarkable CAGR of 57.33% during the forecast period. This rapid rise reflects the aviation industry’s urgent shift toward low-carbon fuel alternatives amid tightening global climate regulations.

Credence Research Logo

Sustainable aviation fuel has moved from pilot programs to large-scale commercial deployment as airlines seek to reduce lifecycle emissions without compromising engine performance or safety. Certified SAF blends enable carriers to decarbonize existing fleets while avoiding costly aircraft redesigns, positioning SAF as a critical lever in aviation’s net-zero roadmap.

Regulatory Pressure and Airline Commitments Driving Growth

Global regulatory frameworks continue to shape SAF demand. Governments across North America and Europe have introduced blending mandates, tax incentives, and carbon-credit mechanisms to accelerate adoption. Airlines respond with long-term procurement strategies and multi-year offtake agreements that support production scale-up and supply stability.

“Sustainable aviation fuel is no longer an optional sustainability initiative,” said Rohit Sharma, senior analyst at Credence Research. “It has become a strategic necessity for airlines facing strict emission targets and investor scrutiny. Regulatory alignment and airline commitments are creating a clear runway for large-scale SAF commercialization.”

Major carriers actively integrate SAF into fuel strategies, supported by government-backed incentives and growing public demand for cleaner travel. These factors collectively strengthen confidence across the aviation fuel value chain.

Browse the report and understand how it can benefit your business strategy  – https://www.credenceresearch.com/report/sustainable-aviation-fuel-market

Technology Innovation and Investment Momentum

Advanced fuel pathways play a central role in market expansion. HEFA technology dominates due to proven performance and wide feedstock availability, while alcohol-to-jet and gasification pathways gain momentum through improved efficiency and scalability. Power-to-liquid and synthetic fuel routes further expand long-term growth potential by reducing dependence on agricultural inputs.

Investment activity remains strong as public funding and private capital flow into new biorefineries and modular production facilities. Energy companies, airlines, and technology providers collaborate to accelerate deployment while reducing production costs.

“Investment confidence in SAF has strengthened significantly,” the analyst added. “Capital is flowing toward scalable technologies, multi-feedstock platforms, and regional fuel hubs that can support sustained global supply.”

Regional Market Performance

North America leads the Sustainable Aviation Fuel Market with an estimated 45% share, supported by early policy adoption, strong airline commitments, and expanding biorefinery capacity. Europe follows with approximately 30%, driven by strict emission mandates and coordinated airport-level SAF integration.

Asia Pacific holds nearly 20% of the market and continues to expand rapidly as airlines modernize fleets and governments promote green aviation initiatives. The Middle East and Africa represent a smaller share but show the fastest growth, backed by energy diversification strategies and large-scale infrastructure investment. Latin America strengthens its position through abundant biomass resources and growing interest in bio-jet production.

Read this report in different languages too-

https://www.credenceresearch.com/es/report/mercado-de-combustible-de-aviacion-sostenible

https://www.credenceresearch.com/fr/report/marche-des-carburants-daviation-durables

https://www.credenceresearch.com/de/report/markt-fur-nachhaltigen-flugkraftstoff

https://www.credenceresearch.com/ja/report/sustainable-aviation-fuel-market-ja

https://www.credenceresearch.com/ar/report/sustainable-aviation-fuel-market-ar

Competitive Landscape and Strategic Outlook

The Sustainable Aviation Fuel Market remains highly competitive, with producers, energy majors, and technology developers racing to secure long-term airline partnerships. Companies focus on expanding certified production capacity, improving lifecycle emission performance, and strengthening logistics networks near major aviation hubs.

Looking ahead, SAF adoption is expected to accelerate as airlines scale long-term commitments, governments tighten blending mandates, and digital carbon-tracking systems improve transparency. Expansion of synthetic fuel technologies, regional fuel hubs, and cross-sector partnerships will further shape the market through 2032.

Key players operating in the market include 

  • SkyNRG B.V.
  • Fulcrum BioEnergy
  • Gevo
  • Aemetis Inc.
  • AVFUEL CORPORATION
  • Preem AB
  • Sasol Limited
  • TotalEnergies
  • LanzaTech
  • Neste
  • World Energy, LLC

Recent Developments:

  • In February 2025, Neste and DHL Group collaborated to assess renewable fuel solutions, including HVO100 renewable diesel and sustainable aviation fuel. The initiative supported DHL’s net-zero emissions target for 2050. The partners aimed to establish a commercial model for procuring nearly 300,000 tons of unblended SAF annually by 2030.
  • Also in February 2025, Gevo and Axens expanded their partnership to accelerate SAF production through the ethanol-to-jet pathway. The collaboration combined Axens’ Jetanol technology with Gevo’s ethanol-to-olefins platform to speed commercialization.
  • In January 2025, Shell partnered with Yilkins to integrate proprietary technologies for improved sustainable aviation fuel production efficiency.
  • During January 2025, Topsoe signed an agreement with Chuangui New Energy Company. The deal covered technology licensing and services for producing SAF and renewable diesel.
  • In December 2024, Neste and Air New Zealand finalized an agreement to supply 30 million liters of unblended Neste MY Sustainable Aviation Fuel. This marked Air New Zealand’s largest SAF purchase to date. The fuel supply supports flights at Los Angeles and San Francisco airports through February 2026.
  • In January 2024, Lufthansa Group and TotalEnergies announced a strategic partnership to produce and supply up to 2 million tons of SAF annually by 2030. The agreement represented one of the aviation sector’s largest long-term SAF commitments.
  • In March 2024, AltAir Fuels completed the acquisition of World Energy. The transaction expanded AltAir’s production capacity to 110 million gallons per year, positioning the company among the largest SAF producers in the United States.
  • In May 2024, European Union Aviation Safety Agency approved the use of SAF derived from hydroprocessed esters and fatty acids across all aircraft engine types. This decision significantly expanded commercial SAF adoption beyond biofuel-specific aircraft.
  • In April 2025, Shell and Air New Zealand signed a memorandum of understanding to collaborate on SAF production and supply for domestic routes. The agreement targeted a reduction of airline carbon emissions by up to 20% by 2030.
  • In November 2025, LanzaJet began commercial operations at its Freedom Pines Fuels ATJ facility in Georgia. The plant produces 10 million gallons annually, supplying SAF to Delta Air Lines and Microsoft.
  • In July 2025, Indian Oil Corporation inaugurated a 10,000-ton-per-year SAF demonstration plant in Panipat. The project marked India’s first domestic sustainable aviation fuel production facility.

Segments:

Fuel Type

  • Biofuel
  • Hydrogen Fuel
  • Power-to-Liquid
  • Gas-to-Liquid

Technology

  • HEFA-SPK
  • FT-SPK
  • ATJ-SPK
  • Others (HFS-SIP, CHJ, Co-processing)

Application

  • Commercial Aviation
  • Business and General Aviation
  • Military Aviation
  • Unmanned Aerial Aviation / UAV

Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • South-east Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Argentina
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of the Middle East and Africa

Reasons to Purchase this Report:

  • Gain a comprehensive understanding of the market through qualitative and quantitative analyses, considering both economic and non-economic factors, with segmentation and sub-segmentation details provided in terms of market value (USD Billion).
  • Identify regions and segments expected to experience the fastest growth or dominate the market, with a detailed analysis of geographic consumption patterns and the factors driving or hindering market performance in each region.
  • Stay informed about the competitive environment, with rankings of major players, recent product and service launches, partnerships, business expansions, and acquisitions from the past five years.
  • Access detailed profiles of major market players, including company overviews, insights, product benchmarking, and SWOT analysis, to understand competitive advantages and market positioning.
  • Explore the present and forecasted market landscape, with insights into growth opportunities, market drivers, challenges, and constraints for both developed and emerging regions.
  • Benefit from Porter’s Five Forces analysis and Value Chain insights to evaluate various market perspectives and competitive dynamics.
  • Understand the evolving market scenario, including potential growth opportunities and trends expected in the coming years.

Browse the report and understand how it can benefit your business strategy  – https://www.credenceresearch.com/report/sustainable-aviation-fuel-market

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Cision View original content:https://www.prnewswire.com/news-releases/sustainable-aviation-fuel-market-to-surge-past-usd-53-6-billion-by-2032-as-airlines-accelerate-net-zero-commitments–credence-research-302679719.html

SOURCE Credence Research Inc.

LONDON, Feb. 4, 2026 /PRNewswire/ — Credence Research has released a new market intelligence report highlighting exceptional growth in the global Sustainable Aviation Fuel (SAF) Market. The market is projected to expand from USD 1.43 billion in 2024 to USD 53.63 billion by 2032, registering a remarkable CAGR of 57.33% during the forecast period. This rapid rise reflects the aviation industry’s urgent shift toward low-carbon fuel alternatives amid tightening global climate regulations.

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Sustainable aviation fuel has moved from pilot programs to large-scale commercial deployment as airlines seek to reduce lifecycle emissions without compromising engine performance or safety. Certified SAF blends enable carriers to decarbonize existing fleets while avoiding costly aircraft redesigns, positioning SAF as a critical lever in aviation’s net-zero roadmap.

Regulatory Pressure and Airline Commitments Driving Growth

Global regulatory frameworks continue to shape SAF demand. Governments across North America and Europe have introduced blending mandates, tax incentives, and carbon-credit mechanisms to accelerate adoption. Airlines respond with long-term procurement strategies and multi-year offtake agreements that support production scale-up and supply stability.

“Sustainable aviation fuel is no longer an optional sustainability initiative,” said Rohit Sharma, senior analyst at Credence Research. “It has become a strategic necessity for airlines facing strict emission targets and investor scrutiny. Regulatory alignment and airline commitments are creating a clear runway for large-scale SAF commercialization.”

Major carriers actively integrate SAF into fuel strategies, supported by government-backed incentives and growing public demand for cleaner travel. These factors collectively strengthen confidence across the aviation fuel value chain.

Browse the report and understand how it can benefit your business strategy  – https://www.credenceresearch.com/report/sustainable-aviation-fuel-market

Technology Innovation and Investment Momentum

Advanced fuel pathways play a central role in market expansion. HEFA technology dominates due to proven performance and wide feedstock availability, while alcohol-to-jet and gasification pathways gain momentum through improved efficiency and scalability. Power-to-liquid and synthetic fuel routes further expand long-term growth potential by reducing dependence on agricultural inputs.

Investment activity remains strong as public funding and private capital flow into new biorefineries and modular production facilities. Energy companies, airlines, and technology providers collaborate to accelerate deployment while reducing production costs.

“Investment confidence in SAF has strengthened significantly,” the analyst added. “Capital is flowing toward scalable technologies, multi-feedstock platforms, and regional fuel hubs that can support sustained global supply.”

Regional Market Performance

North America leads the Sustainable Aviation Fuel Market with an estimated 45% share, supported by early policy adoption, strong airline commitments, and expanding biorefinery capacity. Europe follows with approximately 30%, driven by strict emission mandates and coordinated airport-level SAF integration.

Asia Pacific holds nearly 20% of the market and continues to expand rapidly as airlines modernize fleets and governments promote green aviation initiatives. The Middle East and Africa represent a smaller share but show the fastest growth, backed by energy diversification strategies and large-scale infrastructure investment. Latin America strengthens its position through abundant biomass resources and growing interest in bio-jet production.

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Competitive Landscape and Strategic Outlook

The Sustainable Aviation Fuel Market remains highly competitive, with producers, energy majors, and technology developers racing to secure long-term airline partnerships. Companies focus on expanding certified production capacity, improving lifecycle emission performance, and strengthening logistics networks near major aviation hubs.

Looking ahead, SAF adoption is expected to accelerate as airlines scale long-term commitments, governments tighten blending mandates, and digital carbon-tracking systems improve transparency. Expansion of synthetic fuel technologies, regional fuel hubs, and cross-sector partnerships will further shape the market through 2032.

Key players operating in the market include 

  • SkyNRG B.V.
  • Fulcrum BioEnergy
  • Gevo
  • Aemetis Inc.
  • AVFUEL CORPORATION
  • Preem AB
  • Sasol Limited
  • TotalEnergies
  • LanzaTech
  • Neste
  • World Energy, LLC

Recent Developments:

  • In February 2025, Neste and DHL Group collaborated to assess renewable fuel solutions, including HVO100 renewable diesel and sustainable aviation fuel. The initiative supported DHL’s net-zero emissions target for 2050. The partners aimed to establish a commercial model for procuring nearly 300,000 tons of unblended SAF annually by 2030.
  • Also in February 2025, Gevo and Axens expanded their partnership to accelerate SAF production through the ethanol-to-jet pathway. The collaboration combined Axens’ Jetanol technology with Gevo’s ethanol-to-olefins platform to speed commercialization.
  • In January 2025, Shell partnered with Yilkins to integrate proprietary technologies for improved sustainable aviation fuel production efficiency.
  • During January 2025, Topsoe signed an agreement with Chuangui New Energy Company. The deal covered technology licensing and services for producing SAF and renewable diesel.
  • In December 2024, Neste and Air New Zealand finalized an agreement to supply 30 million liters of unblended Neste MY Sustainable Aviation Fuel. This marked Air New Zealand’s largest SAF purchase to date. The fuel supply supports flights at Los Angeles and San Francisco airports through February 2026.
  • In January 2024, Lufthansa Group and TotalEnergies announced a strategic partnership to produce and supply up to 2 million tons of SAF annually by 2030. The agreement represented one of the aviation sector’s largest long-term SAF commitments.
  • In March 2024, AltAir Fuels completed the acquisition of World Energy. The transaction expanded AltAir’s production capacity to 110 million gallons per year, positioning the company among the largest SAF producers in the United States.
  • In May 2024, European Union Aviation Safety Agency approved the use of SAF derived from hydroprocessed esters and fatty acids across all aircraft engine types. This decision significantly expanded commercial SAF adoption beyond biofuel-specific aircraft.
  • In April 2025, Shell and Air New Zealand signed a memorandum of understanding to collaborate on SAF production and supply for domestic routes. The agreement targeted a reduction of airline carbon emissions by up to 20% by 2030.
  • In November 2025, LanzaJet began commercial operations at its Freedom Pines Fuels ATJ facility in Georgia. The plant produces 10 million gallons annually, supplying SAF to Delta Air Lines and Microsoft.
  • In July 2025, Indian Oil Corporation inaugurated a 10,000-ton-per-year SAF demonstration plant in Panipat. The project marked India’s first domestic sustainable aviation fuel production facility.

Segments:

Fuel Type

  • Biofuel
  • Hydrogen Fuel
  • Power-to-Liquid
  • Gas-to-Liquid

Technology

  • HEFA-SPK
  • FT-SPK
  • ATJ-SPK
  • Others (HFS-SIP, CHJ, Co-processing)

Application

  • Commercial Aviation
  • Business and General Aviation
  • Military Aviation
  • Unmanned Aerial Aviation / UAV

Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • South-east Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Argentina
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of the Middle East and Africa

Reasons to Purchase this Report:

  • Gain a comprehensive understanding of the market through qualitative and quantitative analyses, considering both economic and non-economic factors, with segmentation and sub-segmentation details provided in terms of market value (USD Billion).
  • Identify regions and segments expected to experience the fastest growth or dominate the market, with a detailed analysis of geographic consumption patterns and the factors driving or hindering market performance in each region.
  • Stay informed about the competitive environment, with rankings of major players, recent product and service launches, partnerships, business expansions, and acquisitions from the past five years.
  • Access detailed profiles of major market players, including company overviews, insights, product benchmarking, and SWOT analysis, to understand competitive advantages and market positioning.
  • Explore the present and forecasted market landscape, with insights into growth opportunities, market drivers, challenges, and constraints for both developed and emerging regions.
  • Benefit from Porter’s Five Forces analysis and Value Chain insights to evaluate various market perspectives and competitive dynamics.
  • Understand the evolving market scenario, including potential growth opportunities and trends expected in the coming years.

Browse the report and understand how it can benefit your business strategy  – https://www.credenceresearch.com/report/sustainable-aviation-fuel-market

Discover additional reports tailored to your industry needs

IoT In Aviation Market https://www.credenceresearch.com/report/iot-in-aviation-market
Aviation IoT Market https://www.credenceresearch.com/report/aviation-iot-market
Aviation MRO Software Market https://www.credenceresearch.com/report/aviation-mro-software-market
Aviation Asset Management Market https://www.credenceresearch.com/report/aviation-asset-management-market
Aviation Cloud Market https://www.credenceresearch.com/report/aviation-cloud-market
Aviation Crew Management System Market https://www.credenceresearch.com/report/aviation-crew-management-system-market
Aviation High Speed Motor Market https://www.credenceresearch.com/report/aviation-high-speed-motor-market
Aviation MRO Market https://www.credenceresearch.com/report/aviation-mro-market
Aviation Fuel Market https://www.credenceresearch.com/report/aviation-fuel-market
Domestic Aviation Market https://www.credenceresearch.com/report/domestic-aviation-market
General Aviation Engines Market https://www.credenceresearch.com/report/general-aviation-engines-market
5G Market in Aviation Market https://www.credenceresearch.com/report/5g-market-in-aviation-market
Multi-Mode Receiver Market https://www.credenceresearch.com/report/multi-mode-receiver-market
Head-Up Display (HUD) Market https://www.credenceresearch.com/report/head-up-display-market
Air Taxi Market https://www.credenceresearch.com/report/air-taxi-market
Power By The Hour Market https://www.credenceresearch.com/report/power-by-the-hour-market
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Credence Research is a viable intelligence and market research platform that provides quantitative B2B research to more than 2000 clients worldwide and is built on the Give principle. The company is a market research and consulting firm serving governments, non-legislative associations, non-profit organizations, and various organizations worldwide. We help our clients improve their execution in a lasting way and understand their most imperative objectives.

Contact Us
Credence Research Inc, 
Tower C-1105 , S 25, Akash Tower,
Vishal Nahar, Pimple Nilakh,
Haveli,
Pune – 411027, India
Europe – +44 7453 598 606
North America – +1 304 308 1216
Australia – +61 4192 46279
Asia Pacific – +81 5050 50 9250
+64 22 017 0275
India – +91 6232 49 3207 
sales@credenceresearch.com 
www.credenceresearch.com

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Cision View original content:https://www.prnewswire.com/news-releases/sustainable-aviation-fuel-market-to-surge-past-usd-53-6-billion-by-2032-as-airlines-accelerate-net-zero-commitments–credence-research-302679719.html

SOURCE Credence Research Inc.

BOSTON, Feb. 4, 2026 /PRNewswire/ — Boston Legacy FC today announced a multi-year agreement with Hyundai Motor America as the club’s sleeve partner. As part of this sponsorship, the Hyundai brand will appear on the right sleeve of the club’s primary and secondary jerseys for all regular season and postseason matches starting in 2026. The announcement coincides with National Girls and Women in Sports Day, underscoring the club’s commitment to advancing women’s sports.

This marks Boston Legacy FC’s first-ever sleeve partnership and the first time that Hyundai Motor America, the U.S. subsidiary of Hyundai Motor Group, has partnered with a club in the National Women’s Soccer League to sponsor a jersey. The brand will also receive use of marks across authentic jerseys sold through various retail channels, as well as game day and social media integrations.

“Our partnership with Hyundai goes beyond a business deal – it is a validation of where our team, league and women’s sports as a whole are headed,” said Jennifer van Dijk, team president, Boston Legacy FC. “When you have influential national brands like Hyundai Motor America wanting to be an integral part of our growth, it demonstrates the commercial power of women’s professional soccer. We are incredibly proud to build this relationship and create new opportunities for our players, fans and community.”

“We are excited to partner with Boston Legacy FC as their inaugural sleeve sponsor, continuing Hyundai’s 25-year legacy of supporting women’s soccer,” said Sean Gilpin, chief marketing officer, Hyundai Motor America. “Our investment in Boston Legacy FC reflects our ‘Progress for Humanity’ vision and our commitment to growing women’s sports at every level. We believe in soccer’s power to unite communities and inspire the next generation and we’re looking forward to continuing to support the game as the official Mobility partner of the historic 2026 FIFA World Cup.”

For this announcement, Boston Legacy FC partnered with American racing driver Lia Block for an adrenaline-fueled showcase of style and grit. Lia took to the track in Hyundai’s IONIQ 5 N displaying the club’s iconic swan wings and crest, delivering high-performance driving demonstrations, while Boston Legacy FC players Annie Karich and Barb Olivieri showcased their talent alongside the action.

Hyundai Motor America has long championed women’s sports, making history as the first official sponsor of the Women’s United Soccer Association (WUSA). Its global parent company, Hyundai Motor Group, has shared this dedication since 1999 through its ongoing sponsorship of the FIFA World Cup.

Boston Legacy FC will reveal its kit ahead of the 2026 NWSL season. For the latest team news, upcoming jersey unveiling, ticket sales and match schedule information, visit bostonlegacyfc.com or follow along on social @bostonlegacyfc.

Excel Sports Management’s Properties division sourced and negotiated the partnership between Boston Legacy FC and Hyundai Motor America’s agency of record, INNOCEAN USA.

Hyundai Motor America
Hyundai Motor America offers U.S. consumers a technology-rich lineup of cars, SUVs, and electrified vehicles, while supporting Hyundai Motor Company’s Progress for Humanity vision. Hyundai has significant operations in the U.S., including its North American headquarters in California, the Hyundai Motor Manufacturing Alabama assembly plant, the all-new Hyundai Motor Group Metaplant America, several cutting-edge R&D facilities and more than 855 independent dealers. These operations are part of Hyundai Motor Group, which is investing $26 billion in the U.S. from 2025 to 2028. For more information, visit www.hyundainews.com.

Hyundai Motor America on Twitter | YouTube | Facebook | Instagram | LinkedIn | TikTok

About Boston Legacy FC
Boston Legacy FC will add to Boston’s winning legacy as the 15th team in the National Women’s Soccer League (NWSL) starting play in 2026. Founded and led by women, the club is committed to creating a home for the greatest female athletes of our time, building upon the supercharged legacy of Boston’s historic sports teams, cultivating a community of fans with impact at its core, and forging new connections across our city through sport. For more information, please visit bostonlegacyfc.com or its social media platforms – LinkedIn, Instagram, Twitter (X), TikTok, Bluesky, Facebook

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SOURCE Hyundai Motor America

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