Gevo, Lufthansa form renewable jet fuel supply agreement
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Gevo, Lufthansa form renewable jet fuel supply agreement

6:46 AM, 8th September 2016
Gevo, Lufthansa form renewable jet fuel supply agreement
Lufthansa flight. (File Photo)

ENGLEWOOD, US: Gevo Inc said it has agreed with Deutsche Lufthansa AG to supply Gevo’s alcohol-to-jet fuel (ATJ) from its first commercial hydrocarbons facility, intended to be built in Luverne, MN. Lufthansa will purchase up to 8 million gallons per year of ATJ from Gevo, or up to 40 million gallons over the 5-year life of the off-take agreement.

The selling price is expected to allow for an appropriate level of return on the capital required to build-out Gevo’s first commercial scale hydrocarbons facility. The definitive documentation between Gevo and Lufthansa is expected to be completed in the next few months.

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