Aemetis signed an offtake agreement has been signed with oneworld Alliance airline member Finnair for 17.5 million gallons of blended sustainable aviation fuel (SAF) to be delivered over the 7-year term of the agreement. The value of the contract including incentives is approximately $70 million.

Sustainable aviation fuel provides environmental benefits compared to petroleum jet fuel, including a lower lifecycle carbon footprint and reduced contrails. The blended sustainable aviation fuel to be supplied under this agreement is 40% SAF and 60% Petroleum Jet A to meet international blending standards.

The sustainable aviation fuel is expected to be produced by the Aemetis renewable jet/diesel plant under development on a 125 acre former US Army Ammunition production plant site in Riverbank, California. The blended sustainable aviation fuel is scheduled to begin deliveries to Finnair in 2025.

Powered by 100% 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.