Gevo signs sustainable aviation fuel sales agreement with Scandinavian Airline System

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Type of post: NEWS IN BRIEF.

Gevo, Inc. has signed a sales agreement with Scandinavian Airline System (SAS) to produce and supply sustainable aviation fuel (SAF) for use and distribution in United States.
Press release: “Gevo Enters into a Fuel Sales Agreement with Scandinavian Airline System for Sustainable Aviation Fuel”, 14/11/2019.

Figure 1. Gevo signs sustainable aviation fuel sales agreement with Scandinavian Airline System

SAS has an ambitious goal to reduce its emissions by 25 % in 2030. In order to do this and bridge the gap to a future zero emission aviation, it is determined to increase the use of biofuels.

With the finalization of this new contract, Gevo will supply SAF to SAS from the expansion of its plant in Luverne (Minnesota, USA) which is expected to be constructed over the next several years. Gevo has succeeded in concluding similar agreements in the past:
- “Gevo and Lufthansa sign agreement for commercial supply of renewable Alcohol-To-Jet Fuel”, 8/9/2016.
- “HCS Group and Gevo sign agreement for the purchase and sale of renewable isooctane”, 1/3/2019.
- “Air TOTAL and Gevo enter into agreement on producing and supplying sustainable aviation fuel”, 17/8/2019.

For every gallon of SAF produced, Gevo also produces approximately 10 pounds of protein that goes into the food supply chain and can sequester up to 2 pounds of carbon dioxide as carbon into the soil, making it one of the only renewable jet fuel producers to produce both food and fuel while sequestering carbon dioxide and lowering the GHG emissions as compared to traditional fossil-based jet fuel. Gevo will also be more transparent with its sustainability practices by utilizing blockchain technology to track its sustainable agriculture efforts.

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