Alaska Airlines, Gevo Enter 5Yr SAF Deal for 37M Gal Per Yr


   
    

    

   OAKHURST, N.J. (DTN) --- Gevo, Inc. recently announced a new fuel sales 
agreement with Alaska Airlines which provides for the airline to purchase 37 
million gallons per year of sustainable aviation fuel for five years through 
Gevo's future commercial operations. Gevo's SAF deliveries are expected to 
begin in 2026.

   Alaska Airlines is a member of oneworld(r) global alliance, and this 
agreement falls under the purview of a memorandum of understanding that Alaska 
Airlines and Gevo signed in March laying the groundwork for the 14-world class 
airlines in the alliance to potentially purchase 200 million gallons of SAF per 
year from Gevo's future commercial production operations. Gevo and Alaska 
Airlines previously partnered in 2016 to demonstrate the use of the first 
cellulosic renewable jet fuel specified for use on a commercial airline flight, 
produced from the sugars of wood waste.

   This agreement with Alaska Airlines expands the list of committed airline 
partners and supports Gevo's pursuit of its stated goal of producing and 
commercializing a billion gallons of SAF by 2030.

   Alaska Airlines is committed to alternatives that assist in its goal of 
reducing emissions, including the use of greener alternatives and the 
prioritization of programs that help them safely burn less fuel. They have 
committed to pathways that will help them achieve net-zero carbon emissions by 
2040, with the stated goal of being "the most sustainable and fuel-efficient 
U.S. airline."

   "Using sustainable aviation fuel is a significant part of Alaska's five-part 
path to reach net zero carbon emissions, and we are excited about this 
agreement with Gevo---alongside our partners American Airlines and others in 
the oneworld alliance," said Diana Birkett Rakow, senior vice president of 
public affairs and sustainability at Alaska Airlines. "We also recognize that 
there is significant work required ahead--including public policy---to make SAF 
a viable, affordable option at scale."

   The agreement with Alaska Airlines is subject to certain conditions, 
including Gevo developing, financing and constructing one or more production 
facilities to produce the SAF contemplated by the agreement.




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