Aemetis signs $520M offtake agreement with JetBlue for Sustainable Aviation Fuel

April 29, 2022
The fuel is expected to be produced by the Aemetis renewable jet/diesel plant, which is under development on a former U.S. Army Ammunition production plant site in Riverbank, California

Aemetis has signed an offtake agreement with JetBlue for 125 million gallons of blended sustainable aviation fuel.

The SAF will be delivered over the 10-year tenure of the $520 million agreement. The blended SAF supplied will be 40% SAF and 60% Petroleum Jet A.

The fuel is expected to be produced by the Aemetis renewable jet/diesel plant, which is under development on a former U.S. Army Ammunition production plant site in Riverbank, California.

Deliveries are expected to begin in 2025. The Aemetis Carbon Zero production plant will be powered by renewable electricity and designed to sequester CO2 using injection wells.

Aemetis Chairman and CEO Eric McAfee said, “The adoption of sustainable aviation fuel to reduce the environmental impact of aviation is a significant megatrend led by JetBlue and other airlines. Our production of SAF in California is due to the commitment by CARB to the success of the California Low Carbon Fuel Standard, creating new investment and jobs in disadvantaged minority communities in the state while improving the environment worldwide.”