Thursday, February 22, 2024

Iberia Airlines to purchase 6m gallons of SAF annually from Gevo

In a step towards reducing emissions and making our planet a greener place, Iberia Airlines has entered into a new fuel sales agreement with Gevo for the purchase of sustainable aviation fuel (SAF). Iberia Airlines plans to purchase 6 million gallons per year of sustainable aviation fuel (SAF) for five years from Gevo’s future commercial operations.

The airlines expects to start using sustainable fuel in their aircraft from 2028 onward. The company’s goal is to achieve net-zero carbon emissions by 2050, with a 10% implementation of sustainable aviation fuel (SAF) by 2030. The utilization of SAF is one of the key opportunities for Iberia Airlines to reach its ambitious climate change goals.

Iberia is approaching this problem on four different levels – the green transition of the aviation sector, a more sustainable travel experience for its customers, turning Iberia Airlines employees into ambassadors of its sustainability strategy, and the commitment to society.

Gevo continues to pursue its stated goal of producing and commercializing one billion gallons of SAF by 2030. It has a business model designed to reduce greenhouse-gas emissions to net zero over the entire lifecycle of each gallon of advanced renewable fuel (including its SAF), which includes the emissions resulting from burning the fuel in engines to power transportation. The agreement with Iberia Airlines further increases Gevo’s global impact by adding to its range of airline partners.

“SAF is the best solution to advance the decarbonization of the aviation sector, which will reduce emissions alongside other technology solutions as they are developed,” Teresa Parejo, Sustainability Director from Iberia, commented on this agreement. “This agreement with Gevo is part of our commitment to achieving net zero emissions by 2050 and also part of the investment being made by the entire aviation sector toward the industry’s green transition. This is a global challenge that must be addressed globally and requires as much public-private collaboration as possible.”