Gevo agrees 75M gallon SAF “take-or-pay” agreement with Delta Airlines

In Colorado, the day after Gevo announced a 200 million gallon SAF offtake agreement with the oneworld Alliance, Gevo, Inc. signed a “take-or-pay” agreement with Delta Air Lines, Inc. to supply 75 million gallons of sustainable aviation fuel (SAF) per year for seven years. Based on current assumptions, including those around future pricing of commodities and the future values of certain environmental benefits, Gevo estimates that the agreement should generate approximately $2.8 billion of revenue, inclusive of the value from environmental benefits, for Gevo over the seven-year term of the agreement.