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    Home » Blog » Japan to boost jet fuel production and imports amid tourism boom

    Japan to boost jet fuel production and imports amid tourism boom

    July 16, 2024Updated:July 17, 2024 World No Comments
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    In response to a rise in demand for flights as a result of the increase in commerce, Japan plans to increase its production and imports, according to a draft government plan released on Tuesday.
    The program aims to address the current jet fuel shortage that has hampered the introduction of new routes and the expansion of international trip capacity.
    Tourism to Japan bounced back after visa-free go resumed in late 2022 following strict Covid-19 borders controls, with the dollar’s drop to a 38-year small increasing the country’s appeal to international visitors.
    The industry and transportation ministries presented the document to a panel of experts who were discussing the energy shortage problem.
    The document proposes assessing energy demand progress at each airport as short-term efforts while ensuring sufficient provide by ramping up regional production and increasing goods.
    Utilizing all of the ships and lorries ‘ capacities, the program also includes expanding the reach of transportation systems.
    For channel- and long-term efforts, the document proposes increasing the number of vehicles at factories and airports, securing more lorries and enlarging ships, and updating age cargo management tools.
    In the past ten years, Chinese refineries have been reducing fuel processing capacity in response to declining domestic demand as a result of an aging population, a declining fertility, and a shift towards more fuel-efficient vehicles.
    ” Unlike other oil products, we expect jet fuel need to increase further as the state targets 60 million foreign tourists in 2030, so we have to get a long-term approach”, an official at the economy ministry told reporters.
    In 2023, really over 25 million tourists arrived in Japan.

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