Finnair has signed an settlement with sustainable aviation gasoline (SAF) producer Gevo to buy 7 million gallons of SAF per yr for 5 years, the airline introduced on Wednesday.
The settlement will start in 2027 and is valued at $192 million (approx. €183 million) over the five-year interval.
Finnair is a member of the Oneworld airline alliance, and this settlement is a part of the alliance’s plan to buy as much as 200 million gallons of SAF per yr from Gevo, who earlier this month signed a similar agreement with Japan Airlines.
“Finnair has formidable emissions discount targets: by the tip of 2025, we intend to halve the extent of web emissions from 2019 and obtain carbon neutrality newest by the tip of 2045,” mentioned the airline’s SVP of sustainability, Eveliina Huurre. “SAF performs an necessary function for reaching these targets.”
The service beforehand partnered with Neste in Finland to extend the usage of SAF, and has additionally made a purchase order settlement with Aemetis for 17.5 million gallons of blended SAF to be delivered between 2025 and 2032.