News

Gevo and Delta Sign SAF Offtake Agreement for More than 500 Million Gallons

April 7, 2022 - Gevo and Delta signed an sustainable aviation fuel (SAF) offtake agreement. Gevo will supply Delta with 75 million gallons of SAF per year for seven years. The agreement is expetd to provide Gevo with approximately $2.8 billion of revenue over the terms of the agreement. This replaces the 2019 agreement between the two companies for 10 million gallons per year.

Read more about the agreement here.

Aemetis Announces SAF Offtake Agreement with Finnair

April 7, 2022 - Aemetis signed a seven-year deal with Finnair to deliver 17.5 million gallons of blended sustainable aviation fuel (SAF) over the term of the agreement. Aemetis expects to produce the SAF at their renewable jet/diesel facility currently under development in Riverside, CA. Deliveries to Finnair are scheduled to begin in 2025.

Read more about the offtake agreement here.

British Airways and Phillips 66 Sign SAF Agreement

April 6, 2022 — British Airways will begin using sustainable aviation fuel (SAF) after reaching a multi-year supply agreement with Phillips66. Phillips66 will produce SAF in the UK and supply enough to reduce British Airway’s lifecycle carbon emissions by an estimated 100,000 tonnes. Phillips’ SAF is produced from sustainable waste feedstock and will be delivered by an existing pipeline infrastructure that feeds directly from the Humber Refinery to the airport. British Airways has committed to powering 10 percent of their flights with SAF by 2030, and this agreement is a step in reaching that milestone. While SAF is not widely produced in the UK yet, there are many opportunities for expansion when airlines and producers collaborate and find opportunities in the emerging market.

British Airways received the first batch of SAF produced by Phillips 66 at the end of March.

The press release for this agreement can be found here and news of the first delivery can be found here.

Shell to Increase SAF Procurement with 10-year Supply Deals

April 6, 2022 — Shell is preparing to sign letters of intent with airline carriers to begin sustainable aviation fuel (SAF) supply deals over the next decade. These commitments are key for Shell as the company begins increasing SAF procurement and production in the near future. Shell’s current strategy is to supply SAF that is purchased from other producers while they wait for their own facilities to begin production. Currently, the SAF will be procured from World Energy and Neste, and potentially other suppliers depending on the demand. Shell is seen as a channel into the market for SAF producers, so these contracts are mutually beneficial as the producers have to worry about production and not distribution. As far as Shell’s plan to produce SAF, the expectation is to begin producing in 2025 at refineries in the Netherland, Singapore, and Germany.

Details about Shell’s plans can be found here.

Pratt & Whitney and Air bp to Collaborate on 100% SAF Testing and Research

April 1, 2022 - Pratt & Whitney and Air bp have signed a memorandum of understanding (MOU) to explore sustainable aviation fuel (SAF) blends up to 100 percent for engine and propulsion systems testing through 2024. The current standards allow for the commercial use of SAF in blends up to 50 percent. This MOU will help Pratt & Whitney validate that its engines can operate with 100 percent. This will be critical as the sector moves in the direction of increasing the use of SAF as it plays a critical role in decarbonizing the aviation industry.

Read the Pratt & Whitney press release here.

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