Aemetis, Inc., a renewable fuels company focused on negative carbon intensity products, has an offtake agreement with American Airlines for 280 million gallons of blended fuel containing sustainable aviation fuel (“SAF”) to be delivered over the 7-year term of the agreement. The aggregate value of the agreement is estimated to be more than $1.1 billion, including LCFS, RFS, 45Q and tax credits. Sustainable aviation fuel provides significant environmental benefits compared to petroleum jet fuel, including a lower lifecycle carbon footprint. The blended Sustainable Aviation Fuel to be delivered under this agreement is 40% SAF and 60% Petroleum Jet A to meet international blending standards. American’s agreement with Aemetis builds on the airline’s efforts to reach net-zero carbon emissions by 2050. The airline has also committed to set a science-based target for the year 2035 and has aligned with the aviation industry goal of replacing 10% of conventional jet fuel […]