Gevo Inc (NASDAQ:GEVO) said it has entered into a new fuel sales agreement with Alaska Airlines to purchase 37 million gallons of sustainable aviation fuel (SAF) per year over a five-year period.
The company said its SAF deliveries were expected to begin in 2026.
Gevo noted that Alaska Airlines was a member of the Oneworld alliance and that this agreement fell under the purview of a memorandum of understanding signed in March 2022, laying the groundwork for the 14 airlines in the alliance to potentially purchase 200 million gallons per year of SAF from Gevo’s future commercial production operations.
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Gevo and Alaska Airlines had previously partnered in 2016 to demonstrate the use of the first cellulosic renewable jet fuel specified for use on a commercial airline flight.
Gevo CEO Patrick Gruber said, as the company continued to grow its partnerships with Oneworld airlines, he was pleased to see Alaska Airlines had joined its list of partners.
“Alaska was the first airline to fly on a Gevo experimental fuel that we made from the cellulosic fiber of wood waste, providing a pathway and proof that waste woods can be used to make sustainable aviation fuel,” Gruber said.
“When Alaska Airlines receives fuel from one of our net-zero facilities, they will do so having been a part of some of our very important initial testing and delivery of sustainable aviation fuel.”
Alaska Airlines senior vice president of public affairs and sustainability Diana Birkett Rakow said using sustainable aviation fuel was a significant part of the airline’s five-part path to reach net zero carbon emissions by 2040.
“We also recognize that there is significant work required ahead – including public policy action – to make SAF a viable, affordable option at scale,” she said.
Gevo is a next-generation “low-carbon” fuel company focused on the development and commercialization of renewable alternatives to petroleum-based products.
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