Aemetis signs agreement with Qantas to supply 35 million gallons of blended SAF

Aemetis Inc. announced March 15 that an offtake agreement has been signed with Qantas Group and Qantas Airlines for 35 million gallons of blended sustainable aviation fuel (SAF) to be delivered over the seven-year term of the agreement. The value of the contract including incentives is approximately $250 million.

The blended fuel to be supplied under this agreement is 40 percent SAF and 60 percent petroleum jet fuel meet international blending standards.

This supply agreement with Aemetis builds on Qantas’ expanding effort for a future of net zero emissions by 2050.

“Climate change is front of mind for Qantas, our customers, employees and investors, and it is a key focus for us as we move through our recovery from the pandemic,” said Alan Joyce, Qantas Group CEO. “Operating our aircraft with sustainable aviation fuel is the single biggest thing we can do to directly reduce our emissions.”

The SAF is expected to be produced by the Aemetis renewable diesel and SAF 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 Qantas in 2025.

“The use of sustainable aviation fuel by Qantas is another step toward lowering the environmental impact of aviation,” said Eric McAfee, chairman and CEO of Aemetis. “Our supply of SAF to the San Francisco International Airport is supported by the California Low Carbon Fuel Standard, creating new investment and jobs in disadvantaged minority communities in the state.”

Powered by 100 percent renewable electricity, the Aemetis Carbon Zero production plant at the Riverbank plant site is designed to sequester CO2 from the production process using injection wells, significantly reducing the carbon intensity of the renewable fuel.