Minnesota Ag Connection - Gevo Enters Fuel Agreement with Scandinavian Airline System

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Gevo Enters Fuel Agreement with Scandinavian Airline System
Minnesota Ag Connection - 11/15/2019

Gevo, Inc., a leading renewable fuels and chemicals manufacturer, announced it has signed a Fuel Sales Agreement with Scandinavian Airline System ("SAS") to produce and supply sustainable aviation fuel ("SAF") for use and distribution in low carbon fuel regions of the United States.

With the finalization of this new supply contract, Gevo will supply SAF to SAS from Gevo's expanded Luverne, Minn., plant, which is expected to be constructed over the next several years.

"SAS is a pioneer in the use of sustainable aviation fuel, such as launching a new ancillary product that gives travelers the option to reduce their climate impact through the purchase of biofuel when booking a ticket, or at any time before departure. This agreement is another step in that innovative approach to sustainability," says Patrick Gruber, Chief Executive Officer of Gevo. "SAS is a leader in their commitment to SAF, and we are happy to partner with them as we continue our crusade to lower the carbon intensity of aviation fuels."

"SAS has ambitious goals in reducing its' climate affecting emissions by 25 percent in 2030. In order to do this and bridge the gap to a future zero emission aviation we are determined to increase the use of biofuels. This agreement is yet another important step for SAS' transformation toward a more sustainable aviation," says Lars Andersen Resare, Head of Sustainability, SAS.

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. In addition to adding food back into the food chain, Gevo will also be more transparent with its sustainability practices by utilizing blockchain technology to track its sustainable agriculture efforts.

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