Press release
JetBlue Announces First Regular Supply of Blended Sustainable Aviation Fuel (SAF) for Commercial Air Travel in New York
JetBlue signs supply agreement for Blended Sustainable Aviation Fuel (SAF) to supply John F. Kennedy International Airport (JFK) to begin as early as fourth
About this update from Jetblue Airways Corporation
[{"type":"text","content":"\nJetBlue signs supply agreement for Blended Sustainable Aviation Fuel (SAF) to supply John F. Kennedy International Airport (JFK) to begin as early as fourth quarter 2024\n\n\nJetBlue invites other New York businesses to help scale the SAF market in the region\n\n\n NEW YORK--(BUSINESS WIRE)--\nToday JetBlue (Nasdaq: JBLU) and World Fuel Services (World Fuel), a World Kinect (NYSE: WKC) company, announced a new commercial agreement to bring the first regular supply of Blended Sustainable Aviation Fuel (SAF), provided by Valero Marketing and Supply Company (Valero), a subsidiary of Valero Energy Corporation (NYSE: VLO), to John F. Kennedy International Airport (JFK) as early as the fourth quarter of 2024. Under the terms of the initial 12-month agreement, JetBlue is expected to take delivery of a minimum of 1,000,000 gallons of neat sustainable aviation fuel (approximately 3,300,000 gallons blended) - with an option to purchase up to an additional 4,000,000 gallons (approximately 13,300,000 gallons blended). The blended SAF will be made available via existing infrastructure, including the Colonial Pipeline.\n\n\n“This newly available SAF in our hometown is a key signal of the growing engagement by major fuel producers and the potential of SAF to meaningfully address aviation’s carbon emissions,” said Sara Bogdan, managing director of sustainability and environmental social governance, JetBlue. “By leveraging Valero’s globally recognized expertise in energy markets and logistics, and by utilizing existing jet fuel distribution infrastructure, this new large-scale supply of SAF is set to be a pivotal moment as the industry grows the use of SAF. Truly maximizing the impact of this opportunity will require engagement across all sectors.”\n\n\nAs New York’s Hometown Airline®, JetBlue has long been interested in bringing blended SAF to the northeast and hopes to maximize the supply through relationships with other like-minded New York businesses. The airline expects with ongoing corporate support and incentive programs this first step will set the stage for a growing blended SAF market in one of the busiest airport systems in the world.\n\n\nNeat sustainable aviation fuel, produced by Diamond Green Diesel, LLC, a joint venture between a Valero affiliate, and Darling Ingredients Inc. (NYSE: DAR), will be blended by Valero with conventi...