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 has partnered with biofuel company Gevo to receive approximately 75 million gallons of sustainable aviation fuel (SAF) annually for seven years, starting in mid-2026.
This agreement is a step towards Delta's goal of fueling 10 percent of its operations with SAF by the end of 2030, which the airline views as crucial for achieving net-zero emissions.
Delta emphasizes SAF as the most effective existing technology for reducing air travel emissions but highlights the immense challenge of scaling production, noting current market supply is only enough for one day of its pre-pandemic operations.

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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.