Aemetis and Finnair Sign SAF Agreement for 17.5M Gallons in $70M Deal
by Helena Tavares Kennedy (Biofuels Digest) … On Friday came news from California that Aemetis, Inc., a renewable fuels company focused on negative carbon intensity products, signed an offtake agreement with oneworld Alliance airline member Finnair for 17.5 million gallons of blended sustainable aviation fuel to be delivered over the 7 year term of the agreement. The value of the contract including incentives is approximately $70 million.
What is the fuel blend?
As you probably already know, sustainable aviation fuel provides significant environmental benefits compared to petroleum jet fuel, including a lower lifecycle carbon footprint and reduced contrails. The blended sustainable aviation fuel to be supplied under this agreement is 40% SAF and 60% Petroleum Jet A to meet international blending standards.
Where is the fuel coming from?
The sustainable aviation fuel is expected to be produced by the Aemetis renewable jet/diesel plant under development on a 125 acre former U.S. Army Ammunition production plant site in Riverbank, California. Powered by 100% renewable electricity, the Aemetis Carbon Zero production plant at the Riverbank plant site is designed to sequester CO2 from the production process using injection wells, significantly reducing the carbon intensity of the renewable fuel.
Where is the fuel going?
The Aemetis fuel will be delivered to San Francisco International Airport.
When?
The blended sustainable aviation fuel is scheduled to begin deliveries to Finnair in 2025. READ MORE
Aemetis Signs Agreement with Finnair to Supply 17.5 Million Gallons of Sustainable Aviation Fuel (Aemetis)
Finnair commits to Science-Based Targets initiative (SBTi) (Finnair)