Aemetis agrees 38M gallon SAF offtake agreement with Cathay Pacific

In California, Aemetis, Inc. announced an offtake agreement that has been signed with Cathay Pacific Airways Limited for 38 million gallons of blended sustainable aviation fuel to be delivered over the 7 year term of the agreement.

Sustainable aviation fuel provides significant environmental benefits compared to petroleum jet fuel, including a lower lifecycle carbon footprint and reduced contrails. The blended sustainable aviation fuel to be supplied under this agreement is 40% SAF and 60% Petroleum Jet A to meet international blending standards.

The supply agreement with Aemetis builds on Cathay Pacific’s ongoing commitment towards meeting its net-zero carbon emissions target by 2050. Cathay Pacific plans to use SAF for 10 percent of its total fuel consumption by 2030. The agreement also underlines oneworld Alliance’s commitment to collectively source SAF. Cathay Pacific is a founding member of the oneworld Alliance.