Gevo signs biojet fuel offtake deal with Scandinavian Airlines System
Gevo, Inc., a leading renewable fuels and chemicals manufacturer, has announced that it has signed a Fuel Sales Agreement with the Scandinavian carrier Scandinavian Airlines System (SAS) to produce and supply sustainable aviation fuel (SAF) for use and distribution in low carbon fuel regions of the United States (US).
With the finalization of this new supply contract, Gevo will supply SAF to SAS from Gevo’s expanded Luverne, Minnesota plant, which is expected to be constructed over the next several years.
SAS is a pioneer in the use of sustainable aviation fuel, such as launching a new ancillary product that gives travelers the option to reduce their climate impact through the purchase of biofuel when booking a ticket, or at any time before departure. This agreement is another step in that innovative approach to sustainability. SAS is a leader in their commitment to SAF, and we are happy to partner with them as we continue our crusade to lower the carbon intensity of aviation fuels, said Dr Patrick Gruber, CEO of Gevo.
For every gallon of SAF produced, Gevo also produces approximately 10 pounds of protein that goes into the food supply chain and can sequester up to 2 pounds of carbon dioxide (CO2) as carbon into the soil, making it one of the only renewable jet fuel producers to produce both food and fuel while sequestering CO2 and lowering greenhouse gas (GHG) emissions as compared to traditional fossil-based jet fuel.
In addition to adding food back into the food chain, Gevo will also be more transparent with its sustainability practices by utilizing blockchain technology to track its sustainable agriculture efforts.
SAS has ambitious goals in reducing its’ climate affecting emissions by 25 percent in 2030. In order to do this and bridge the gap to future zero-emission aviation we are determined to increase the use of biofuels. This agreement is yet another important step for SAS’ transformation toward more sustainable aviation, said Lars Andersen Resare, Head of Sustainability, SAS.