oneworld members to buy up to 200M gallons/year of SAF from Gevo from 2027

In Colorado, oneworld Alliance, a network of world-class airlines, and Gevo, Inc. announced that certain oneworld members plan to purchase up to 200 million gallons per year of sustainable aviation fuel from Gevo. The delivery of the SAF is expected to commence in 2027, for a five-year term.

oneworld members Alaska Airlines, American Airlines, British Airways, Finnair, Japan Airlines and Qatar Airways expect to utilize Gevo’s SAF for their operations in California including San Diego, San Francisco, San Jose and Los Angeles International Airports.

One member has already executed a binding fuel sales agreement whereby Gevo expects to produce and sell 30 million gallons per year of SAF in support of the oneworld Alliance SAF Purchase Goal. Based on current assumptions, including those around future pricing of commodities and the future values of certain environmental benefits, Gevo estimates that the fuel sales agreement should generate approximately $800 million of revenue, inclusive of the value from environmental benefits, across the life of the contract.

Gevo’s SAF is expected to be produced using field corn products that will then be processed to create ethanol that will then be converted into SAF. Gevo expects to produce the SAF at one or more facilities under development in the Midwest of the United States.