Gevo agrees five-year SAF supply deal with Hawaiian Airlines

US biofuels company Gevo Inc (NASDAQ:GEVO) has sealed an agreement to deliver sustainable aviation fuel (SAF) to US air carrier Hawaiian Airlines, the largest operator of commercial flights to and from the state of Hawaii, over a five-year period starting in 2029.

The contract will see Hawaiian Airlines receive 50 million gallons of SAF that Gevo will produce at a new facility it will build in the Midwestern US, the biofuels company said on Thursday.

Gevo will make the fuel from residual starch derived from inedible field corn by using renewable electricity and natural gas. The process will result in minimal waste, the biofuels firm explained.

The SAF will be delivered to the airline’s gateway cities in California.

"This offtake agreement gets us one step closer to achieving our goal of net-zero carbon emissions by 2050," said Peter Ingram, Hawaiian Airlines' president and CEO. He added that the company will continue its investment in SAF as it considers its role pivotal in lowering the impact of its operations on the environment.

The sales contract is subject to certain conditions, among which are the development, financing and construction of the SAF production facility by Gevo.

Choose your newsletter by Renewables Now. Join for free!