Aemetis to supply 38 million gallons of SAF to Cathay Pacific
Summary
Aemetis Inc., a renewable fuels company focused on negative carbon intensity products, announced today the volume of an offtake agreement that has been signed with Cathay Pacific Airways Ltd. for 38 million gallons of blended sustainable aviation fuel (SAF) to be delivered over the seven year term of the agreement. The supply agreement with Aemetis builds on Cathay Pacific’s ongoing commitment towards meeting its net-zero carbon emissions target by 2050. Cathay Pacific is the home airline of Hong Kong, offering scheduled passenger and cargo services to destinations in Asia, North America, Australia, Europe and Africa. Cathay Pacific is a member of the Swire Group and is listed on the Hong Kong Stock Exchange (HKSE). “Sustainable aviation fuel is an immediate solution to the decarbonization of air travel and cargo flights, without requiring extensive new fueling infrastructure or the expensive replacement of planes.” Powered by 100 percent renewable electricity, the Aemetis Carbon Zero production plant design utilizes renewable hydrogen.