Aemetis inks $1.1B sustainable aviation fuel deal with American Airlines
Dec. 01, 2021 8:51 AM ETAemetis, Inc. (AMTX)AAL
Dec. 01, 2021 8:51 AM ETAemetis, Inc. (AMTX)AAL
- Aemetis(NASDAQ:AMTX) +10.1%pre-market after signing a seven-year agreement to supply American Airlines(NASDAQ:AAL)with 280M gallons of blended fuel containing sustainable aviation fuel, in a deal valued at more than $1.1B.
- Aemetis says the blended sustainable aviation fuel to be delivered under the deal is 40% SAF and 60% Petroleum Jet A to meet international blending standards.
- The fuel is expected to be produced by the Aemetis plant under development on a 125-acre former U.S. Army ammunition production plant site in Riverbank, Calif., and is expected to be available for use by American starting in 2024.
- American says the agreement builds on its efforts to reach net zero carbon emissions by 2050.

