In California, Aemetis, Inc. announced an offtake agreement has been signed with JetBlue for 125 million gallons of blended sustainable aviation fuel to be delivered over the 10-year term of the agreement. The value of the contract including incentives is approximately $530 million.
The sustainable aviation fuel is expected to be produced by the Aemetis renewable jet/diesel plant under development on a 125-acre former U.S. Army Ammunition production plant site in Riverbank, California. The blended sustainable aviation fuel is scheduled to begin deliveries to JetBlue in 2025.
Category: Fuels