Aemetis will supply Aer Lingus and British Airways
Multi-year partnership with parent company IAG will deliver 78,400 tonnes (26 million gallons) of SAF to airlines from 2025
CUPERTINO, CA, Aug. 22, 2022 (GLOBE NEWSWIRE) — via NewMediaWire — Renewable fuels company Aemetis, Inc. (NASDAQ: AMTX) announced today that it has entered into a multi-year agreement with International Airlines Group (IAG) to supply Sustainable Aviation Fuel (SAF) to help power British Airways and Irish airline Aer Lingus flights from San Francisco Airport from 2025.
IAG, parent company of British Airways and Aer Lingus, will buy a total of 78,400 tonnes1 of SAF over seven years, enough to reduce CO2 emissions by up to 248,000 tonnes (the equivalent of taking more than 16,000 cars off the road) over the same period.
1 Volumes refer to pure, unmixed quantity
Eric McAfee, President and CEO of Aemetis, said, “Sustainable aviation fuel continues to prove to be an excellent solution to decarbonize aviation and can be used in existing aircraft engines. IAG continues to take a leadership position by converting its fuel supply to the use of sustainable fuels. Our production of SAF in California is supported by the California Low Carbon Fuel Standard, creating new investment and jobs in disadvantaged minority communities in the state.
The SAF will be produced at the Aemetis Carbon Zero plant currently under development in Riverbank, California. This plant will be powered by 100% renewable electricity and is designed to sequester CO2 from the production process, significantly reducing the carbon intensity of the fuel.
Jonathon Counsell, Chief Sustainability Officer at IAG, said, “SAF is key to decarbonizing aviation and IAG has committed $865 million in SAF purchases and investments to date. We see great potential to develop a long term partnership with Aemetis which is at the forefront of producing low carbon biofuels from sustainable waste.
International Airlines Group was the first airline group in the world to commit to net zero carbon emissions by 2050 and the first European airline group to commit to using SAF for 10% of its fuel by 2030.
British Airways is committed to achieving net zero carbon emissions through a series of short, medium and long term initiatives as part of its BA Better World sustainability programme. In the short term, this includes improving operational efficiency, flying more fuel-efficient aircraft, funding carbon offset and removal projects to mitigate emissions on UK domestic flights and l phasing in of sustainable aviation fuels made using carbon capture and waste technology. In the medium to long term, the airline continues to invest in developing and scaling sustainable aviation fuels and accelerating the growth of new technologies such as zero-emission hydrogen aircraft and fuel capture technology. carbon.
Aer Lingus is committed to a low carbon future. One of the main objectives of the implementation of Aer Lingus’ sustainability program, in addition to the SAF, is the investment in new generation and more fuel efficient aircraft such as the Airbus A320neo and the A32l neo LR. Other significant efforts include implementing a robust carbon offset program, improving operational energy efficiency, reducing waste and electrifying our ground operations fleet.
Aemetis is on a mission to transform renewable energy with sub-zero carbon intensity transportation fuels. Aemetis initiated the Carbon Zero production process to decarbonize the transportation sector using today’s infrastructure.
Aemetis Carbon Zero products include carbon-free fuels that can be “introduced” for use in aircraft, truck and ship fleets. Aemetis’ low carbon fuels have a significantly reduced carbon intensity compared to standard petroleum-based fossil fuels throughout their life cycle.
Based in Cupertino, California, Aemetis is a renewable natural gas, renewable fuel and biochemicals company focused on acquiring, developing and commercializing innovative technologies that replace petroleum-based products and reduce emissions of greenhouse gas. Founded in 2006, Aemetis has completed Phase 1 and is developing a network of biogas digesters and a pipeline system in California to convert dairy waste gas into renewable natural gas. Aemetis owns and operates a 65 million gallon per year ethanol production facility in California’s Central Valley near Modesto that supplies approximately 80 dairies with animal feed. Aemetis also owns and operates a 50 million gallon per year production facility on the east coast of India, producing high quality distilled biodiesel and refined glycerin for customers in India and Europe. Aemetis is developing carbon-free sustainable aviation fuel (SAF) and renewable diesel fuel biorefineries in California to use distillery corn oil and other renewable oils to produce low-carbon renewable diesel and jet fuel. carbon by using cellulosic hydrogen from orchard and forest lumber waste, while pre-extracting cellulosic sugars from wood waste for processing into high-value cellulosic ethanol at the Keyes plant. Aemetis holds a portfolio of patents and exclusive technology licenses to produce renewable fuels and biochemicals. For more information about Aemetis, please visit www.aemetis.com.
IAG is one of the largest airline groups in the world with 533 aircraft serving 279 destinations and carrying approximately 118 million passengers each year (pre-COVID). Its major airlines in Spain, UK and Ireland include Aer Lingus, British Airways, Iberia, Vueling and LEVEL.
About British Airways
You can find more details about British Airways’ sustainability plans here. For more details on British Airways’ sustainability programme, BA Better World, click here.
About Aer Lingus
Aer Lingus is Ireland’s airline founded in 1936. In summer 2022, Aer Lingus will operate over 100 routes, serving over 71 direct routes and 62 destinations from Ireland to the UK and Europe. The airline operates 16 transatlantic routes from Dublin, Shannon and Manchester UK to North America and the Caribbean. Aer Lingus is a 4-star airline, awarded by Skytrax, the international air transport rating body. Aer Lingus is a member of the International Airlines Group (IAG), one of the largest airline groups in the world.
Aer Lingus received Stage 1 IEnvA certification in June 2021. This is an environmental management and assessment system designed to independently assess and improve an airline’s environmental performance. Aer Lingus has begun its journey towards achieving Stage 2.
To learn more about Aer Lingus’ sustainability initiatives, click here: https://www.aerlingus.com/about-us/corporate-responsibility/sustainability/
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This press release contains forward-looking statements, including statements regarding assumptions, projections, expectations, targets, intentions or beliefs regarding future events or other statements that are not historical facts. Forward-looking statements in this press release include, but are not limited to, statements relating to the development and construction of sustainable aviation and renewable diesel fuel projects, our compliance with government programs and our ability to access markets. and financing to execute our business plan. Words or phrases such as “plans”, “may”, “shall”, “should”, “believes”, “estimates”, “plans”, “intends”, “plans”, “predicts” , “projects”, “showing signs”, “targets”, “see”, “will likely result”, “will continue” or similar expressions are intended to identify forward-looking statements. These forward-looking statements are based on current assumptions and forecasts and are subject to numerous risks and uncertainties. Actual results or events could differ materially from those set forth or implied by such forward-looking statements and related assumptions due to certain factors, including, without limitation, competition in the ethanol, biodiesel and other industries in which we operate, commodity market risks, including those that may arise from current weather conditions, financial market risks, customer adoption, counterparty risks, risks associated with changes in federal policy or regulation and other risks detailed in our reports filed with the Securities and Exchange Commission, including our annual report on Form 10-K for the year ended December 31 2021 and in our subsequent filings with the SEC. We are under no obligation and do not intend to update these forward-looking statements at any time, unless an update is required by applicable securities laws.
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