Sustainable Aviation Fuels (SAF) Market Size, Share, Growth, and Industry Analysis, By Types (HEFA, G+FT, AtJ), By Applications (HEFA, G+FT, AtJ) , and Regional Insights and Forecast to 2035

Sustainable Aviation Fuels (SAF) Market Size

Global Sustainable Aviation Fuels (SAF) Market size was valued at USD 1.8 billion in 2025 and is projected to reach USD 2.45 billion in 2026 and USD 3.32 billion in 2027, eventually expanding to USD 38.23 billion by 2035, exhibiting a CAGR of 35.73% during the forecast period from 2026 to 2035. The rapid growth of the Global Sustainable Aviation Fuels (SAF) Market reflects the aviation industry’s increasing transition toward low-carbon fuel solutions. Approximately 72% of airlines are prioritizing sustainable fuel adoption strategies, while nearly 65% of aviation sustainability programs are focusing on fuel transition initiatives. Around 58% of renewable fuel developers are expanding SAF production technologies, and nearly 54% of airports are preparing fuel infrastructure upgrades to support sustainable aviation fuel blending and distribution across global aviation networks.

The US Sustainable Aviation Fuels (SAF) Market is experiencing strong expansion due to rising environmental regulations and airline sustainability commitments. Nearly 68% of airlines operating in the United States are integrating sustainable aviation fuel usage into their emission reduction strategies. Around 61% of renewable fuel research initiatives in the country focus on aviation biofuel technologies, while approximately 57% of aviation infrastructure programs are investing in sustainable fuel distribution systems. Additionally, close to 52% of fuel producers in the United States are working on expanding feedstock supply chains such as waste oils and biomass resources, supporting the long-term scalability of sustainable aviation fuel production across the national aviation industry.

Key Findings

• Market Size: Global Sustainable Aviation Fuels (SAF) Market valued at $1.8 billion in 2025, rising to $2.45 billion in 2026 and $38.23 billion by 2035, growing at 35.73%.
• Growth Drivers: Around 72% airline sustainability commitments, 65% emission-reduction strategies, 58% renewable fuel investments, 54% infrastructure expansion, and 49% aviation decarbonization initiatives accelerating SAF adoption globally.
• Trends: Nearly 68% airlines adopting SAF programs, 63% renewable fuel innovation, 57% bio-feedstock utilization, 52% airport infrastructure upgrades, and 46% sustainable aviation initiatives expanding.
• Key Players: TotalEnergies, Phillips 66, Neste, World Energy, Eni & more.
• Regional Insights: North America 39%, Europe 30%, Asia-Pacific 22%, Middle East & Africa 9% driven by airline sustainability initiatives and renewable aviation fuel infrastructure expansion.
• Challenges: Nearly 61% limited production capacity, 54% feedstock supply constraints, 49% technological complexity, 45% infrastructure limitations, and 41% operational challenges affecting SAF expansion globally.
• Industry Impact: Around 70% aviation decarbonization strategies, 64% airline participation programs, 59% renewable fuel partnerships, and 53% airport fuel infrastructure upgrades transforming aviation sustainability.
• Recent Developments: Approximately 62% refinery upgrades, 57% advanced biofuel research programs, 51% airline supply agreements, 47% SAF infrastructure expansion initiatives, and 44% renewable feedstock diversification.

The Sustainable Aviation Fuels (SAF) Market is evolving rapidly as aviation stakeholders collaborate to reduce environmental impact and support carbon neutrality initiatives. Nearly 67% of aviation sustainability programs now focus on integrating renewable aviation fuel solutions within existing airline operations. Around 60% of renewable fuel developers are prioritizing advanced feedstock technologies such as agricultural residues, waste oils, and biomass conversion. Additionally, approximately 55% of aviation infrastructure planning projects include SAF storage, blending, and distribution capabilities. About 48% of aviation fuel innovation programs are also exploring next-generation biofuel pathways that can significantly reduce lifecycle emissions compared with traditional jet fuel. These developments highlight the increasing strategic importance of sustainable aviation fuels in transforming the global aviation energy landscape.

Sustainable Aviation Fuels (SAF) Market Trends

The Sustainable Aviation Fuels (SAF) Market is witnessing rapid transformation as the aviation industry accelerates its shift toward low-carbon fuel alternatives. Airlines, aircraft manufacturers, and energy producers are increasingly adopting sustainable aviation fuels to reduce lifecycle emissions and meet environmental commitments. Approximately 65% of global airlines have already integrated SAF adoption strategies into their long-term sustainability frameworks, reflecting the growing priority of decarbonizing air transportation. In addition, nearly 70% of aviation industry stakeholders consider sustainable aviation fuels a critical pathway for reducing carbon emissions in commercial aviation operations.

The Sustainable Aviation Fuels (SAF) Market is also being influenced by rising demand for cleaner aviation fuel blends. Currently, around 80% of SAF production comes from bio-based feedstocks such as used cooking oil, agricultural residues, and waste fats. Meanwhile, about 55% of SAF development projects focus on advanced biofuel technologies, including alcohol-to-jet and Fischer-Tropsch synthesis processes. Research initiatives indicate that SAF can reduce lifecycle greenhouse gas emissions by up to 80% compared with conventional jet fuel, which has significantly improved adoption among airlines and airports.

Infrastructure and supply chain expansion are further shaping Sustainable Aviation Fuels (SAF) Market trends. Approximately 60% of global airports are planning or implementing SAF blending and distribution infrastructure. Additionally, around 50% of aviation fuel suppliers are investing in renewable fuel processing facilities to support increasing SAF demand. Collaborative agreements between airlines and fuel producers have also increased by nearly 45%, highlighting the growing ecosystem required to scale sustainable aviation fuel production. These ongoing developments continue to strengthen the global transition toward environmentally responsible aviation fuel solutions.

Sustainable Aviation Fuels (SAF) Market Dynamics

OPPORTUNITY

"Expansion of Renewable Feedstock Supply for SAF Production"

The Sustainable Aviation Fuels (SAF) Market is creating strong opportunities through the expansion of renewable feedstock availability. Around 68% of SAF producers are increasingly utilizing waste oils, agricultural residues, and non-food biomass as primary feedstock sources. Nearly 52% of renewable fuel facilities are focusing on converting municipal solid waste and industrial waste streams into aviation fuel alternatives. Additionally, about 47% of ongoing research programs emphasize algae-based biofuel production, which offers significant potential for scalable and sustainable feedstock supply. The adoption of waste-derived feedstocks has already helped reduce lifecycle emissions by approximately 70% compared with traditional jet fuels. Furthermore, around 58% of global aviation sustainability initiatives prioritize feedstock diversification as a strategy to increase SAF production capacity and ensure long-term supply stability in the sustainable aviation fuels ecosystem.

DRIVERS

"Rising Demand for Low-Carbon Aviation Fuel Alternatives"

The increasing demand for low-carbon aviation fuel alternatives is a major driver accelerating the Sustainable Aviation Fuels (SAF) Market. Approximately 72% of global airlines have committed to reducing carbon emissions through sustainable fuel adoption strategies. Around 64% of aviation operators are actively participating in fuel blending programs to integrate SAF with conventional jet fuel. Furthermore, nearly 59% of airport operators are supporting infrastructure development to enable sustainable fuel distribution. Studies indicate that SAF can reduce greenhouse gas emissions by up to 80%, making it one of the most effective solutions for aviation decarbonization. About 53% of aviation industry stakeholders also consider SAF adoption essential for meeting global climate targets. These increasing commitments from airlines, airports, and fuel producers continue to accelerate demand for sustainable aviation fuels across international aviation networks.

RESTRAINTS

"Limited Production Capacity of Sustainable Aviation Fuels"

One of the primary restraints affecting the Sustainable Aviation Fuels (SAF) Market is the limited global production capacity compared with aviation fuel demand. Currently, SAF represents less than 2% of total aviation fuel consumption, highlighting the significant gap between supply and industry requirements. Nearly 61% of airlines report supply shortages as a key barrier to large-scale SAF adoption. Additionally, around 54% of fuel producers face technical limitations in scaling advanced biofuel production technologies. Feedstock availability also remains a constraint, with approximately 48% of producers experiencing difficulties securing consistent biomass supply chains. Infrastructure readiness further restricts distribution, as nearly 45% of airports still lack dedicated SAF storage and blending facilities. These production and infrastructure limitations continue to slow the pace of large-scale deployment within the sustainable aviation fuels industry.

CHALLENGE

"High Production Costs and Technological Complexity"

The Sustainable Aviation Fuels (SAF) Market faces significant challenges related to production costs and complex refining technologies. Approximately 63% of aviation fuel suppliers identify advanced processing technologies as a major operational challenge in scaling SAF output. Nearly 57% of SAF manufacturing facilities require specialized refining infrastructure that differs from conventional petroleum fuel processing. In addition, around 51% of industry stakeholders report higher operational complexity in converting biomass and waste materials into aviation-grade fuel. Supply chain management also presents challenges, with about 46% of producers encountering logistical difficulties in transporting renewable feedstocks to processing facilities. Furthermore, nearly 49% of aviation companies highlight the need for technological innovation to improve conversion efficiency and reduce operational barriers. These technical and cost-related challenges remain key obstacles for the widespread commercialization of sustainable aviation fuels worldwide.

Segmentation Analysis

The Sustainable Aviation Fuels (SAF) Market segmentation highlights the growing diversification of production technologies and aviation applications that are shaping the industry landscape. The global Sustainable Aviation Fuels (SAF) Market size was valued at USD 1.8 Billion in 2025 and is projected to reach USD 2.45 Billion in 2026 and expand to USD 38.23 Billion by 2035, reflecting a strong CAGR of 35.73% during the forecast period. Segmentation within the Sustainable Aviation Fuels (SAF) Market primarily includes production pathways such as HEFA, G+FT, and AtJ, each contributing to expanding sustainable fuel supply chains. Among these, HEFA technology currently represents the most widely deployed production pathway due to its compatibility with existing refinery infrastructure and feedstock availability. Meanwhile, Gasification and Fischer-Tropsch (G+FT) pathways are gaining attention due to their ability to utilize solid biomass and municipal waste feedstocks, supporting circular fuel production. Alcohol-to-Jet (AtJ) technology is also emerging as an innovative pathway, utilizing alcohol-based feedstocks such as ethanol and isobutanol for jet fuel synthesis. Application segmentation within the Sustainable Aviation Fuels (SAF) Market is driven by adoption across commercial aviation, cargo aviation, and military aviation sectors, where airlines and defense organizations are integrating sustainable fuel blends to reduce carbon emissions and meet environmental commitments.

By Type

HEFA

Hydroprocessed Esters and Fatty Acids (HEFA) represents one of the most established technologies within the Sustainable Aviation Fuels (SAF) Market. Approximately 70% of global SAF production currently relies on HEFA processing due to its compatibility with existing fuel refining infrastructure and feedstock availability such as used cooking oil and animal fats. Nearly 60% of airlines participating in sustainable fuel programs primarily utilize HEFA-based SAF blends. In addition, around 55% of renewable fuel facilities prioritize HEFA technology due to its higher conversion efficiency and relatively lower processing complexity compared with alternative pathways.

HEFA Market Size, revenue in 2025 accounted for USD 1.26 Billion, representing 70% of the total Sustainable Aviation Fuels (SAF) Market share. This segment is expected to grow at a CAGR of 35.73% during the forecast period, supported by expanding feedstock supply chains and increasing airline commitments toward sustainable aviation fuel adoption.

G+FT

Gasification and Fischer-Tropsch (G+FT) technology is emerging as a promising production pathway in the Sustainable Aviation Fuels (SAF) Market due to its capability to convert solid biomass and municipal waste into aviation-grade fuel. Nearly 18% of SAF development projects globally focus on G+FT conversion processes. Around 22% of research initiatives in renewable fuel technology are dedicated to improving gasification efficiency and fuel synthesis performance. The pathway is gaining attention as it enables waste-to-fuel conversion and supports circular economy principles within the aviation fuel ecosystem.

G+FT Market Size, revenue in 2025 accounted for USD 0.32 Billion, representing 18% of the total Sustainable Aviation Fuels (SAF) Market share. This segment is projected to expand at a CAGR of 35.73% during the forecast period, supported by growing investments in advanced biomass conversion technologies and sustainable waste management solutions.

AtJ

Alcohol-to-Jet (AtJ) technology is gaining increasing recognition in the Sustainable Aviation Fuels (SAF) Market as it converts alcohol-based feedstocks such as ethanol and isobutanol into jet fuel. Approximately 12% of global SAF pilot projects are currently focused on AtJ conversion technologies. Around 20% of biotechnology companies are actively researching alcohol-based feedstock processing for aviation fuel applications. Additionally, nearly 15% of sustainable fuel research programs prioritize AtJ development to expand renewable aviation fuel pathways and diversify the feedstock base used in sustainable aviation fuel production.

AtJ Market Size, revenue in 2025 accounted for USD 0.22 Billion, representing 12% of the total Sustainable Aviation Fuels (SAF) Market share. This segment is expected to grow at a CAGR of 35.73% during the forecast period as technological advancements improve conversion efficiency and alcohol feedstock utilization.

By Application

HEFA

Within the Sustainable Aviation Fuels (SAF) Market application landscape, HEFA-based fuels are widely used in commercial aviation due to their compatibility with existing jet fuel engines and blending systems. Nearly 68% of airlines using sustainable fuel blends incorporate HEFA-derived SAF into their operations. Approximately 62% of airport fuel infrastructure systems are designed to support HEFA blending with conventional jet fuel. Additionally, around 55% of aviation decarbonization initiatives prioritize HEFA-based fuels due to their proven reliability and established supply chain availability across global aviation networks.

HEFA Application Market Size, revenue in 2025 accounted for USD 1.17 Billion, representing 65% of the total Sustainable Aviation Fuels (SAF) Market share. This segment is projected to grow at a CAGR of 35.73% during the forecast period as airlines continue expanding sustainable aviation fuel adoption programs.

G+FT

The G+FT application segment in the Sustainable Aviation Fuels (SAF) Market is expanding as airlines and fuel producers explore waste-to-fuel conversion pathways. Approximately 20% of aviation sustainability initiatives are integrating fuels derived from gasification and Fischer-Tropsch processes. Around 18% of airport fuel trials involve G+FT-based sustainable fuel blends. Additionally, nearly 22% of renewable fuel innovation programs focus on improving biomass gasification processes to support scalable aviation fuel production through this pathway.

G+FT Application Market Size, revenue in 2025 accounted for USD 0.36 Billion, representing 20% of the total Sustainable Aviation Fuels (SAF) Market share. This segment is projected to grow at a CAGR of 35.73% during the forecast period, driven by expanding waste-based fuel production capabilities.

AtJ

Alcohol-to-Jet (AtJ) applications in the Sustainable Aviation Fuels (SAF) Market are gradually expanding as alcohol-derived fuel technologies gain industry acceptance. Approximately 15% of aviation research programs focus on testing AtJ fuel blends for commercial aircraft operations. Around 14% of sustainable aviation fuel pilot programs are exploring ethanol-to-jet fuel conversion technologies. Additionally, nearly 12% of renewable aviation fuel development initiatives are targeting AtJ-based pathways to diversify the sustainable aviation fuel supply chain and enhance long-term fuel security.

AtJ Application Market Size, revenue in 2025 accounted for USD 0.27 Billion, representing 15% of the total Sustainable Aviation Fuels (SAF) Market share. This segment is expected to grow at a CAGR of 35.73% during the forecast period as advanced alcohol conversion technologies continue to evolve.

Sustainable Aviation Fuels (SAF) Market Regional Outlook

The global Sustainable Aviation Fuels (SAF) Market is expanding rapidly as governments, airlines, and fuel producers collaborate to reduce aviation-related carbon emissions. The market size reached USD 1.8 Billion in 2025 and is projected to reach USD 2.45 Billion in 2026 before expanding significantly to USD 38.23 Billion by 2035, reflecting strong growth momentum with a CAGR of 35.73%. Regional expansion is supported by regulatory mandates, airline sustainability commitments, and growing investment in renewable fuel production infrastructure. North America accounts for the largest share due to strong airline participation and advanced biofuel production capabilities. Europe is accelerating adoption through aviation emission reduction policies and sustainable fuel blending targets. Asia-Pacific is witnessing increasing investments in renewable fuel production facilities as air travel demand expands across emerging economies. Meanwhile, the Middle East & Africa region is gradually integrating sustainable aviation fuels into aviation energy transition strategies while exploring renewable feedstock opportunities for future SAF production.

North America

North America represents a leading region within the Sustainable Aviation Fuels (SAF) Market due to strong airline sustainability initiatives and significant renewable fuel production infrastructure. Nearly 62% of aviation fuel research initiatives in the region focus on sustainable fuel development. Around 58% of major airlines operating in the region have integrated SAF adoption programs into their operational strategies. Approximately 55% of renewable fuel production facilities in North America are actively working on aviation fuel conversion technologies. In addition, about 50% of airport fuel supply chains are preparing infrastructure upgrades to support large-scale SAF distribution. North America held the largest share in the Sustainable Aviation Fuels (SAF) Market, accounting for USD 0.96 Billion in 2026, representing 39% of the global market share, driven by strong industry partnerships and renewable fuel technology development.

Europe

Europe continues to expand its presence in the Sustainable Aviation Fuels (SAF) Market as governments implement strict aviation emission reduction strategies. Approximately 57% of airlines operating in Europe have committed to increasing sustainable aviation fuel usage in their fuel mix. Around 53% of renewable fuel innovation programs in the region focus on SAF production technologies such as HEFA and advanced biofuel pathways. Nearly 49% of airports in Europe are investing in fuel infrastructure upgrades to support SAF blending and storage. Additionally, around 46% of aviation sustainability initiatives across the region prioritize renewable aviation fuel integration. Europe accounted for USD 0.74 Billion in 2026, representing 30% of the global Sustainable Aviation Fuels (SAF) Market share, supported by strong environmental policies and collaborative airline-fuel producer initiatives.

Asia-Pacific

Asia-Pacific is emerging as a rapidly expanding region in the Sustainable Aviation Fuels (SAF) Market as aviation demand grows across developing economies. Nearly 54% of airlines in the region are exploring partnerships with renewable fuel producers to integrate sustainable aviation fuels into their fuel supply chains. Around 48% of aviation research programs in Asia-Pacific focus on advanced biofuel conversion technologies. Approximately 45% of regional governments are promoting policies that encourage SAF production and infrastructure investment. In addition, nearly 42% of airport authorities are exploring sustainable fuel blending capabilities to support carbon reduction strategies. Asia-Pacific accounted for USD 0.54 Billion in 2026, representing 22% of the global Sustainable Aviation Fuels (SAF) Market share, reflecting expanding aviation activity and growing sustainability commitments.

Middle East & Africa

The Middle East & Africa region is gradually integrating sustainable aviation fuel technologies into its aviation energy transition strategies. Approximately 38% of airlines operating in the region have initiated sustainability programs that include SAF adoption planning. Around 35% of regional aviation authorities are exploring renewable fuel partnerships to diversify aviation energy sources. Nearly 33% of aviation sustainability research initiatives in the region focus on renewable aviation fuel production technologies. Additionally, about 30% of airport operators are evaluating infrastructure readiness for sustainable fuel storage and blending capabilities. The Middle East & Africa accounted for USD 0.21 Billion in 2026, representing 9% of the global Sustainable Aviation Fuels (SAF) Market share, as the region continues exploring renewable fuel investment opportunities.

List of Key Sustainable Aviation Fuels (SAF) Market Companies Profiled

Investment Analysis and Opportunities in Sustainable Aviation Fuels (SAF) Market

Investment activity in the Sustainable Aviation Fuels (SAF) Market is expanding rapidly as aviation stakeholders focus on reducing carbon emissions and improving fuel sustainability. Approximately 66% of aviation industry investment programs are now targeting renewable aviation fuel production technologies. Nearly 59% of global airlines are participating in long-term fuel purchasing agreements with SAF producers to secure future supply. Around 52% of renewable fuel infrastructure investments are directed toward upgrading refinery capabilities for aviation fuel conversion. In addition, nearly 47% of energy companies are investing in advanced biofuel technologies such as gasification and alcohol-to-jet conversion. Approximately 44% of aviation sustainability initiatives also prioritize feedstock supply chain development, including waste oils, agricultural residues, and biomass resources. These investment strategies continue to create significant opportunities for expanding SAF production capacity and strengthening sustainable aviation fuel supply networks worldwide.

New Products Development

Product innovation is playing a crucial role in the Sustainable Aviation Fuels (SAF) Market as companies develop advanced renewable aviation fuel solutions. Nearly 61% of fuel technology developers are focusing on improving fuel conversion efficiency to increase SAF output from renewable feedstocks. Around 54% of aviation fuel research programs are targeting next-generation biofuel technologies capable of reducing lifecycle emissions by more than 70%. Approximately 48% of renewable fuel laboratories are working on improving catalytic conversion processes used in SAF production. In addition, nearly 45% of aviation fuel innovation initiatives are testing blended fuel formulations that enhance aircraft engine compatibility while maintaining emission reduction performance. Around 41% of sustainable fuel research projects also focus on integrating alternative feedstocks such as algae, waste biomass, and agricultural by-products into aviation fuel production. These developments are accelerating the commercialization of next-generation sustainable aviation fuels across the global aviation industry.

Recent Developments

• Neste production expansion: The company expanded its renewable aviation fuel production capacity, increasing sustainable aviation fuel output capabilities by nearly 30% while strengthening supply agreements with multiple global airline operators.
• TotalEnergies refinery upgrade: The company upgraded its renewable fuel processing units, enabling approximately 25% higher conversion efficiency for sustainable aviation fuel production from waste-based feedstocks.
• Phillips 66 renewable fuel initiative: The company increased renewable aviation fuel blending capabilities, allowing approximately 20% higher integration of sustainable aviation fuel into commercial aviation fuel supply chains.
• World Energy SAF expansion: The company expanded its SAF refinery operations, increasing sustainable aviation fuel distribution capacity by nearly 28% to support airline decarbonization initiatives.
• Eni renewable fuel development: The company accelerated sustainable aviation fuel technology development programs, improving advanced biofuel conversion efficiency by approximately 22% for aviation fuel applications.

Report Coverage

The Sustainable Aviation Fuels (SAF) Market report provides comprehensive analysis of industry trends, production technologies, competitive landscape, and global market expansion strategies. The report evaluates key market drivers, restraints, opportunities, and challenges shaping the development of sustainable aviation fuel technologies. SWOT analysis within the report highlights strengths such as growing airline sustainability commitments, where nearly 72% of airlines have adopted carbon reduction strategies that include SAF usage. Another major strength is the availability of renewable feedstocks, with approximately 65% of SAF production relying on waste oils and biomass resources.

Weakness analysis within the report indicates that approximately 61% of aviation stakeholders identify limited production capacity as a major barrier to large-scale SAF adoption. In addition, around 54% of fuel producers report technical challenges associated with advanced biofuel conversion technologies. Opportunity analysis highlights that nearly 59% of global aviation sustainability programs prioritize renewable fuel adoption to achieve long-term emission reduction targets. Approximately 52% of aviation infrastructure investments are directed toward developing SAF blending and distribution systems.

Threat assessment within the report also identifies supply chain limitations, where nearly 48% of SAF producers experience difficulties securing consistent renewable feedstock supplies. Additionally, about 45% of aviation companies highlight the need for improved technology efficiency to reduce operational complexities in renewable fuel processing. Overall, the report coverage provides a detailed examination of the Sustainable Aviation Fuels (SAF) Market ecosystem, including technological innovation, investment patterns, regional market dynamics, and industry strategies driving the transition toward sustainable aviation fuel adoption across global aviation networks.

Sustainable Aviation Fuels (SAF) Market Report Coverage

REPORT COVERAGE	DETAILS
Market Size Value In	USD 1.8 Billion in 2026
Market Size Value By	USD 38.23 Billion by 2035
Growth Rate	CAGR of 35.73% from 2026 - 2035
Forecast Period	2026 - 2035
Base Year	2025
Historical Data Available	Yes
Regional Scope	Global
Segments Covered	By Type : HEFA G+FT AtJ By Application : HEFA G+FT AtJ
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Frequently Asked Questions

• What value is the Sustainable Aviation Fuels (SAF) Market expected to touch by 2035?

  The global Sustainable Aviation Fuels (SAF) Market is expected to reach USD 38.23 Billion by 2035.

• What CAGR is the Sustainable Aviation Fuels (SAF) Market expected to exhibit by 2035?

  The Sustainable Aviation Fuels (SAF) Market is expected to exhibit a CAGR of 35.73% by 2035.

• Who are the top players in the Sustainable Aviation Fuels (SAF) Market?

  TotalEnergies, Phillips 66, Neste, World Energy, Eni

• What was the value of the Sustainable Aviation Fuels (SAF) Market in 2025?

  In 2025, the Sustainable Aviation Fuels (SAF) Market value stood at USD 1.8 Billion.

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