In California, Aemetis, Inc. announced that $7 billion of sustainable aviation fuel (SAF) and renewable diesel (RD) supply agreements have been signed with 10 airlines for a total of 916 million gallons of blended SAF, including a contract with Cathay Pacific that was signed by Aemetis today. Previously, Aemetis announced a contract with a major travel stop chain for 450 million gallons of renewable diesel. The combined value of the 10 airline contracts, including incentives, is approximately $3.8 billion.
The airline supply agreements provide for the delivery of SAF over a seven-to-ten year time period. Airline customers include Delta Air Lines, Jet Blue Airlines and oneworld Alliance members American Airlines, Alaska Airlines, British Airways, Cathay Pacific, Finnair, Iberia, Japan Airlines and Qantas.
The blended SAF is 40% “neat” sustainable aviation fuel and 60% petroleum jet fuel to meet international blended sustainable aviation fuel standards. The SAF is scheduled to be delivered to San Francisco International Airport (SFO) and Los Angeles International Airport (LAX) as blended fuel, and the RD is expected to be delivered to Northern California truck fueling locations.
