Aemetis announced that $7 billion (€7 billion) of sustainable aviation fuel (SAF) and renewable diesel (RD) supply agreements have been signed with 10 airlines.
This is for a total of 916 million gallons of blended SAF, including a contract with Cathay Pacific.
Previously, Aemetis announced a contract with a major travel stop chain for 450 million gallons of renewable diesel.
The combined value of the 10 airline contracts, including incentives, is approximately $3.8 billion (€3.8 billion).
The airline supply agreements provide for the delivery of SAF over a seven-to-ten year time period.
Airline customers include Delta Air Lines, Jet Blue Airlines and oneworld Alliance members American Airlines, Alaska Airlines, British Airways, Cathay Pacific, Finnair, Iberia, Japan Airlines and Qantas.
The sustainable aviation fuel and renewable diesel will be produced at the Aemetis production plant currently under development in Riverbank, California. The facility is designed to use renewable hydrogen and zero carbon intensity hydroelectric electricity to hydrotreat sustainable renewable oils to produce SAF and RD.
“Sustainable aviation fuel has a vital role in meeting aviation’s decarbonisation targets, so we are pleased to complete another milestone in the drive toward SAF use at commercial scale,” said Eric McAfee, the founder, chairman and CEO of Aemetis.
“The Aemetis plant process design for the Riverbank plant utilises renewable oils, renewable hydrogen and renewable power to produce advanced renewable fuels that reduce greenhouse gas emissions and improve air quality.”
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