Aemetis and Qantas sign SAF offtake agreement
Aemetis announced that an offtake agreement with Qantas Group for 35 MMg of blended sustainable aviation fuel (SAF) to be delivered over the seven-year term of the agreement.
The value of the contract including incentives is approximately $250 million (€227 million).
The blended SAF to be supplied under this agreement is 40% SAF and 60% Petroleum Jet A to meet international blending standards.
This supply agreement with Aemetis builds on Qantas’s expanding effort for a future of net zero emissions by 2050.
“Climate change is front of mind for Qantas, our customers, employees and investors, and it is a key focus for us as we move through our recovery from the pandemic,” said Qantas Group CEO Alan Joyce. “Operating our aircraft with sustainable aviation fuel is the single biggest thing we can do to directly reduce our emissions.”
The SAF is expected to be produced by the Aemetis renewable jet/diesel plant under development on a 125 acre former US army ammunition production plant site in Riverbank, California.
The blended SAF is scheduled to begin deliveries to Qantas in 2025.
“The use of sustainable aviation fuel by Qantas is another step toward lowering the environmental impact of aviation,” said Eric McAfee, chairman and CEO of Aemetis.
“Our supply of SAF to the San Francisco International Airport is supported by the California Low Carbon Fuel Standard, creating new investment and jobs in disadvantaged minority communities in the state.”
The value of the contract including incentives is approximately $250 million (€227 million).
The blended SAF to be supplied under this agreement is 40% SAF and 60% Petroleum Jet A to meet international blending standards.
This supply agreement with Aemetis builds on Qantas’s expanding effort for a future of net zero emissions by 2050.
“Climate change is front of mind for Qantas, our customers, employees and investors, and it is a key focus for us as we move through our recovery from the pandemic,” said Qantas Group CEO Alan Joyce. “Operating our aircraft with sustainable aviation fuel is the single biggest thing we can do to directly reduce our emissions.”
The SAF is expected to be produced by the Aemetis renewable jet/diesel plant under development on a 125 acre former US army ammunition production plant site in Riverbank, California.
The blended SAF is scheduled to begin deliveries to Qantas in 2025.
“The use of sustainable aviation fuel by Qantas is another step toward lowering the environmental impact of aviation,” said Eric McAfee, chairman and CEO of Aemetis.
“Our supply of SAF to the San Francisco International Airport is supported by the California Low Carbon Fuel Standard, creating new investment and jobs in disadvantaged minority communities in the state.”
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