Gevo, Qatar Airways Partner

Gevo, Qatar Airways Enter New 5-Year, 5M-Gallon-Per-Year SAF Deal

OAKHURST, N.J. (DTN) -- Gevo Inc. announced a new fuel sales agreement with Qatar Airways, which sets forth the terms for the purchase of 5 million gallons per year of sustainable aviation fuel for five years from Gevo's future commercial operations. Gevo's delivery of SAF under this agreement is expected to begin in 2028 at various airports in California.

Qatar is a member of oneworld Alliance, and this agreement falls within the purview of a memorandum of understanding that oneworld Alliance members and Gevo signed in March, laying the groundwork for the associated world-class airlines in the alliance to purchase up to 200 million gallons of SAF per year from Gevo's future commercial operations. The agreement with Qatar will further enhance Gevo's global footprint for its sustainable fuel products and supports Gevo's efforts in pursuit of its stated goal of producing and commercializing a billion gallons of SAF by 2030.

The agreement with Qatar is subject to certain conditions precedent, including Gevo developing, financing, and constructing one or more production facilities to produce the SAF contemplated by the agreement.