Gevo to supply Iberia with 6 million gallons of SAF
Gevo has announced a new fuel sales agreement with Iberia Airlines, which is part of International Airlines Group (IAG).
The agreement provides Iberia Airlines with 6 million gallons per year of sustainable aviation fuel (SAF) for five years from Gevo’s future commercial operations.
Iberia Airlines expects to commence fuelling its aircraft with SAF from Gevo in 2028. The expected value for the agreement is deemed to be $165 million (€165 million) over a five-year period.
Iberia Airlines is based in Madrid and operates an international flight network through its Madrid hub. As part of IAG, Iberia Airlines is committed to achieving net-zero carbon emissions by 2050, with 10% implementation of sustainable aviation fuel (SAF) by 2030.
“We are excited to welcome another member of IAG to Gevo’s SAF customer roster,” said Dr Patrick Gruber, Gevo’s CEO.
“The growth of the offtake agreements that we are seeing for SAF reinforces that airlines are ready to make an immediate impact and reduce their carbon intensity. With these commitments, we have no doubt that Gevo can help them achieve their sustainability targets.”
Teresa Parejo, sustainability director from Iberia, added: “SAF is the best solution to advance the decarbonisation of the aviation sector, which will reduce emissions alongside other technology solutions as they are developed. “This agreement with Gevo is part of our commitment of achieving net-zero emissions by 2050, and also part of the investment being made by the entire aviation sector toward the industry's green transition. This is a global challenge that must be addressed globally and requires as much public-private collaboration as possible.”
The agreement provides Iberia Airlines with 6 million gallons per year of sustainable aviation fuel (SAF) for five years from Gevo’s future commercial operations.
Iberia Airlines expects to commence fuelling its aircraft with SAF from Gevo in 2028. The expected value for the agreement is deemed to be $165 million (€165 million) over a five-year period.
Iberia Airlines is based in Madrid and operates an international flight network through its Madrid hub. As part of IAG, Iberia Airlines is committed to achieving net-zero carbon emissions by 2050, with 10% implementation of sustainable aviation fuel (SAF) by 2030.
“We are excited to welcome another member of IAG to Gevo’s SAF customer roster,” said Dr Patrick Gruber, Gevo’s CEO.
“The growth of the offtake agreements that we are seeing for SAF reinforces that airlines are ready to make an immediate impact and reduce their carbon intensity. With these commitments, we have no doubt that Gevo can help them achieve their sustainability targets.”
Teresa Parejo, sustainability director from Iberia, added: “SAF is the best solution to advance the decarbonisation of the aviation sector, which will reduce emissions alongside other technology solutions as they are developed. “This agreement with Gevo is part of our commitment of achieving net-zero emissions by 2050, and also part of the investment being made by the entire aviation sector toward the industry's green transition. This is a global challenge that must be addressed globally and requires as much public-private collaboration as possible.”
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