At least 10 airlines have signed contracts with California-based low-carbon biofuel company Aemetis, which will supply $7 billion worth of sustainable aviation fuels (SAF) and renewable diesel (RD) to the airlines.
This deal includes the contract with Cathay Pacific, amounting to 916 million gallons of blended SAF. Aemetis previously disclosed a deal for 450 million gallons of RD with a large travel stop chain.
The ten airline contracts total about $3.8 billion (€3.8 billion) in total, including bonuses. According to the airline supply agreements, SAF will be delivered over a seven- to a ten-year timeframe.
Per Biofuels News, “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 Aemetis manufacturing facility, now under construction in Riverbank, California, will manufacture renewable diesel and sustainable aviation fuel. Hydrotreating sustainable renewable oils at the plant will result in the production of SAF and RD using renewable hydrogen and hydroelectricity with zero carbon intensity.