Skip to Content
MarketWatch

Aemetis to provide American Airlines with sustainable aviation fuel in 7-year deal valued at more than $1.1 billion

Aemetis Inc. (AMTX) said Wednesday it has entered an agreement with American Airlines Group Inc. (AAL) to provide it with 280 million gallons of its sustainable aviation fuel in a seven-year deal with a value of more than $1.1 billion. The Cupertino, Calif.-based Aemetis will provide blended fuel, which has significant environmental benefits over regulator petroleum jet fuel. The deal is part of American's goal of reaching net zero carbon emissions by 2050. Aemetis shares jumped 9% premarket and have gained 653% in the year to date, while the S&P 500 has gained 21.6%.

-Ciara Linnane

 

(END) Dow Jones Newswires

12-01-21 0811ET

Copyright (c) 2021 Dow Jones & Company, Inc.