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Gevo seals SAF deal with Aer Lingus for 6.3 million gallons

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Gevo has announce a new fuel sales agreement with Aer Lingus, which is owned by International Airlines Group (IAG).
The agreement provides for Aer Lingus to purchase 6.3 million gallons per year of sustainable aviation fuel (SAF) for five years from Gevo’s future commercial operations. Aer Lingus expects to commence fuelling its aircraft with SAF from Gevo in 2026.
The expected value for the Agreement is deemed to be $173 million (€169 million).
Gevo expects to continue to pursue its stated goal of producing and commercialising one billion gallons of SAF by 2030.
“Gevo’s sustainable aviation fuel delivers renewable energy to a transportation sector that is actively seeking to reduce its carbon intensity,” said Patrick Gruber, Gevo’s CEO. “Because our fuel is fungible and drop-in ready, it’s expected to have an immediate impact to help our partner airlines achieve their sustainability targets ahead of schedule.”
Aer Lingus Chief Executive Officer, Lynne Embleton added: “This agreement with Gevo marks an exciting and critical step on our journey to net-zero carbon emissions and underlines our commitment to powering 10% of flights using sustainable aviation fuel by 2030. The sustainable aviation fuel produced by Gevo will be used to power our flights from Los Angeles and San Francisco and, from 2026, 50% of fuel purchased by Aer Lingus from California will be sustainable aviation fuel.”