Finnair has signed a new fuel sales agreement with Colorado-based renewable fuels producer Gevo. The agreement outlines the details for the purchase of 7 million gallons per year of sustainable aviation fuel (SAF) for five years starting from 2027. The expected value of the agreement is US$192 million ($157 million) over the five-year period, including associated environmental benefits. This agreement is part of oneworld® Alliance’s plan to purchase up to 200 million gallons of sustainable aviation fuel per year from Gevo.
Finnair uses an extensive toolkit to achieve emission reductions – using sustainable aviation fuels, reducing the weight of aircraft, developing fuel-efficient flight methods, offsetting and engaging customers in reducing aviation emissions. Finnair is also actively exploring the possibilities of introducing new technologies into its operations.
“Finnair has ambitious emissions reduction targets: by the end of 2025, we intend to halve the level of net emissions from 2019 and achieve carbon neutrality latest by the end of 2045. SAF plays an important role for reaching these targets,” says Eveliina Huurre, SVP Sustainability at Finnair.
