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Gevo Strikes Large SAF Deal With American Airlines

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Gevo has struck a new offtake deal for 100 million gallons per year of sustainable aviation fuel (SAF) with American Airlines, marking the Colorado-based company’s largest single fuel sales deal to date. Gevo expects the five-year contract with American to generate about $2.75 billion of revenue over the contract term, with deliveries due to begin in 2026. The deal falls under the purview of a memorandum of understanding Gevo signed earlier this year with the oneworld alliance, which laid groundwork for the 14 member airlines to purchase 200 million gallons/yr of SAF. Five-year buying commitments include Aer Lingus (6.3 million gallons/yr), Finnair (7 million/yr) and Japan Airlines (5.3 million/yr).

Topics:
Biofuels (incl. SAF), CO2 Emissions
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