ENGLEWOOD, Colo., July 13, 2022 (GLOBE NEWSWIRE) -- Gevo, Inc. (NASDAQ: GEVO) is pleased to announce a new fuel sales agreement with Aer Lingus, which is owned by International Airlines Group (IAG). The Agreement provides for Aer Lingus to purchase 6.3 million gallons per year of sustainable aviation fuel (SAF) for five years from Gevo’s future commercial operations. Aer Lingus expects to commence fuelling its aircraft with SAF from Gevo in 2026. The expected value for the Agreement is deemed to be $173 million, inclusive of the value from environmental benefits for Gevo.
Aer Lingus Enters into New Fuel Sales Agreement with Gevo for 6.3 Million Gallons of Sustainable Aviation Fuel Per Year Over Five Years
Provided Content: Content provided by Globe Newswire. The Globe and Mail was not involved, and material was not reviewed prior to publication.
