"Developing a domestic, competitively priced,
sustainable supply of biofuels is fundamental to
the future of American aviation," said Joe
Sprague, senior vice president of external
relations at Alaska Airlines. "The cost of
fossil-based jet fuel is one of the largest
expenses for airlines. This investment in Gevo's
ATJ will help reduce our exposure to high fuel
prices, minimize our carbon footprint and
demonstrate growing demand for fuel
alternatives."
"A sustainable biofuels industry would help
insulate airlines from fuel price spikes,
enabling them to offer economical air travel
while remaining profitable, while helping meet
their environmental goals, and spur economic
growth within and outside of aviation." said Dr.
Patrick Gruber, Gevo's Chief Executive Officer.
"We greatly appreciate Alaska Airlines as a
commercial partner as we move towards
commercialization."
Gevo's patented ATJ is a clean burning,
homegrown, drop-in jet fuel, which has the
potential to deliver aviation biofuels at scale
and at competitive cost. Alaska
Airlines was the first U.S. airline to fly multiple
commercial passenger flights using a biofuel
from used cooking oil. The carrier flew 75
flights between Seattle
and Washington, D.C. and Seattle and
Portland
in November 2011. The airline has set a goal to
using sustainable aviation biofuel at one or
more of its airports by 2020.
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