Delta Makes Deal To Buy Sustainable Fuel From Gevo

Airline says collaboration with biofuel maker is key to cutting aviation emissions.

Wednesday, March 23, 2022 at 02:59 PM ET

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Delta expects to receive about 75 million gallons of sustainable aviation fuel each year for seven years. [Courtesy: Delta Airlines]

Key Takeaways:

Delta Air Lines signed a seven-year agreement with Gevo to receive approximately 75 million gallons of sustainable aviation fuel (SAF) annually.
This deal is a crucial step for Delta to achieve its goal of fueling 10 percent of its operations with SAF by the end of 2030, supporting the airline industry's net-zero emission targets.
Delta emphasizes SAF as the most effective current solution for reducing air travel emissions but highlights the need for significant investment and increased production, as current SAF supply is extremely limited compared to demand.

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Delta Air Lines (NYSE: DAL) said it entered an agreement with biofuel company Gevo under which it expects to receive about 75 million gallons of sustainable aviation fuel, or SAF, annually for seven years.

The deal, which has an anticipated start time of mid-2006, is meant to help Delta reach its goal of fueling 10 percent of its operations with sustainable aviation fuel by the end of 2030.