In Colorado, Gevo announced a new SAF sales agreement with Spain’s Iberia Airlines.
The agreement provides Iberia Airlines 6 million gallons per year of sustainable aviation fuel for five years from Gevo’s future commercial operations.
Iberia Airlines expects to commence fueling its aircraft with SAF from Gevo in 2028. The expected value for the agreement is deemed to be $165 million over the five-year period, inclusive of the value from environmental benefits for Gevo.
Teresa Parejo, Iberia’s sustainability director, said: “SAF is the best solution to advance the decarbonization 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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