Alaska Airlines, Gevo Ink Sustainable Aviation Fuel Agreement

Alaska Airlines, Gevo Ink Sustainable Aviation Fuel Agreement
  • Biofuel company Gevo, Inc. GEVO has entered a new fuel sales agreement with Alaska Airlines Group Inc ALK
  • Alaska Airlines is set to offtake 185 million gallons of sustainable aviation fuel from Gevo over five years, beginning in 2026.
  • The agreement allows Alaska Airlines to purchase 37 million gallons per year of sustainable aviation fuel (SAF) for five years.
  • Alaska Airlines is a member of oneworld global alliance, and this agreement falls under the purview of an MoU that the parties signed in March 2022.
  • Also Read: Gevo Inks Sustainable Aviation Fuel Pact With American Airlines
  • To make renewable jet fuel, Gevo utilizes waste starch (or sugars) from field corn that has been utilized in the production of high-protein animal feed. These non-edible waste products are fermented into alcohol and then chemically converted to a renewable jet fuel through proprietary processes.
  • Price Action: ALK shares are trading higher by 3.98% at $46.27 and GEVO lower by 1.14% at $3.03 on the last check Wednesday.

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