Alaska Airlines, Gevo Enter 5Yr SAF Deal for 37M Gal Per Y
8/05 10:49 AM
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. (c) Copyright 2022 DTN, LLC. All rights reserved.
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