Alaska Airlines Flies on Gevo's Renewable Alcohol to Jet Fuel

SEATTLE, June 7, 2016 /PRNewswire/ -- The skies are a little greener today after two Alaska Airlines jets departed the Emerald City fueled by the first alcohol-to-jet fuel (ATJ) made from sustainable U.S. corn. The two Alaska Airlines (NYSE: ALK) flights departed today with Gevo, Inc. (NASDAQ: GEVO) fuel and flew from Seattle to San Francisco International Airport and Ronald Reagan Washington National Airport.

"Alaska is committed to doing its part to reduce its carbon emissions. Advancing the use of alternative jet fuels is a key part of our emission reduction strategy," said Joseph Sprague, Alaska Airlines' senior vice president of communications and external relations. "Gevo's jet fuel product is an important step forward, in that it has the potential to be scalable and cost effective, without sacrificing performance."

While the 1,500 gallons of biofuel used on these flights have a minimal impact to Alaska Airlines' overall greenhouse gas emissions, if the airline were able to replace 20 percent of its entire fuel supply at Sea-Tac Airport, it would reduce greenhouse gas emissions by about 142,000 metric tons of CO². This is equivalent to taking approximately 30,000 passenger vehicles off the road for one year.

Alaska estimates the 20 percent biofuel blend it is using for the two flights will reduce greenhouse gas (GHG) emissions by an estimated 50 percent. The demonstration flights mark the first biofuel produced from a new feedstock to be certified and approved by ASTM International, the industry's fuel standards association, since 2011. Additionally, today's flights are a successful step toward the production of new fuels that will help airlines to reduce their greenhouse gas emissions. Gevo's production process converts bio-based isobutanol into an alcohol-to-jet synthetic paraffinic kerosene (ATJ-SPK) fuel.

When compared to other fuel options, Gevo believes that its renewable ATJ has the potential to offer benefits to operating cost, capital cost, feedstock availability and scalability, and will translate across geographies.

"Flying a commercial flight with our ATJ made from renewable resources has been a vision of ours for many years, and it has taken many years of work to get this far," said Gevo CEO Pat Gruber. "We believe our technology has the potential to be the lowest cost, renewable carbon-based jet fuel, given the efficacy of our technology. We look forward to moving forward with Alaska, and others in the airline industry, to make renewable jet fuel widely successful as a product that substitutes for fossil fuels, and ultimately helps to reduce carbon emissions."

The renewable fuel is made from sustainable corn grown and harvested by farmers who incorporate sustainable best practices from seed to harvest, including David Kolsrud of The Funding Farm. Using advanced farming techniques to maximize corn production and minimize the use of water, fertilizers, pesticides and herbicides, Kolsrud began low carbon farming at his farm in Brandon, South Dakota in 2010.

"I grow non-edible field corn and sell it to Gevo, which separates the nutritional protein portion of the corn for animal feed and then converts the starch from the kernel to isobutanol, which is then converted to jet fuel," said Kolsrud. "This practice is a game-changer for traditional farmers like me, as this allows us to extend the use of our crop and create new jobs that frankly didn't exist six years ago."

Alaska Airlines has been a leader in seeking more sustainable fuels and these flights are part of the company's long-term commitment to its sustainability strategy. The Seattle-based company 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.

Additionally, Alaska Airlines is teaming up with the Washington State University-led Northwest Advanced Renewables Alliance (NARA) to advance the production and use of alternative jet fuel made from forest residuals, the tree limbs and branches that remain after a forest harvest. In the coming months, Alaska will fly a demonstration flight using 1,000 gallons of Gevo's ATJ being produced by the NARA team and its many partners.

Alaska has set an ambitious goal of using sustainable aviation biofuel on all flights at one or more of its primary airports by 2020. In a step toward meeting this milestone, Alaska is collaborating with Boeing and the Port of Seattle on a Biofuel Infrastructure Feasibility Study for Seattle-Tacoma International Airport.

Read more about Alaska's sustainability efforts at alaskaair.com/sustainability.

Biofuel multimedia available for download:

• On the Alaska Airlines' blog: Isobuto-What?: Alaska partners with Gevo to bring biofuels to the sky
• Passenger handout describing the biofuel flights
• Broadcast quality b-roll and still photos of AS Flight 388 being fueled will be posted to the Alaska Airlines' blog by 3 p.m. Pacific time, June 7, 2016.

About Alaska Airlines

Alaska Airlines, a subsidiary of Alaska Air Group (NYSE: ALK), together with its partner regional airlines, serves more than 100 cities through an expansive network in the United States, Canada, Costa Rica and Mexico. Alaska Airlines ranked "Highest in Customer Satisfaction Among Traditional Carriers in North America" in the J.D. Power North American Airline Satisfaction Study for nine consecutive years from 2008 to 2016. Alaska Airlines' Mileage Plan also ranked "Highest in Customer Satisfaction with Airline Loyalty Rewards Programs" in the J.D. Power Airline Loyalty/Rewards Program Satisfaction Report for the last three consecutive years. For reservations, visit www.alaskaair.com. For more news and information, visit the Alaska Airlines Newsroom at www.alaskaair.com/newsroom.

About Gevo

Gevo is a leading renewable technology, chemical products, and next generation biofuels company. Gevo has developed proprietary technology that uses a combination of synthetic biology, metabolic engineering, chemistry and chemical engineering to focus primarily on the production of isobutanol, as well as related products from renewable feedstocks. Gevo's strategy is to commercialize bio-based alternatives to petroleum-based products to allow for the optimization of fermentation facilities' assets, with the ultimate goal of maximizing cash flows from the operation of those assets. Gevo produces isobutanol, ethanol and high-value animal feed at its fermentation plant in Luverne, Minnesota. Gevo has also developed technology to produce hydrocarbon products from renewable alcohols. Gevo currently operates a biorefinery in Silsbee, Texas, in collaboration with South Hampton Resources Inc., to produce renewable jet fuel, octane, and ingredients for plastics like polyester. Gevo has a marquee list of partners including The Coca-Cola Company, Toray Industries Inc. and Total SA, among others. Gevo is committed to a sustainable bio-based economy that meets society's needs for plentiful food and clean air and water.

Forward-Looking Statements

Certain statements in this press release may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements, which relate to Gevo's engagement of a financial advisor and its review of strategic and financial alternatives, are made on the basis of the current beliefs, expectations and assumptions of the management and Board of Directors of Gevo and are subject to significant risks and uncertainty. Investors are cautioned not to place undue reliance on any such forward-looking statements. All such forward-looking statements speak only as of the date they are made, and Gevo undertakes no obligation to update or revise these statements, whether as a result of new information, future events or otherwise. Although Gevo believes that the expectations reflected in these forward-looking statements are reasonable, these statements involve many risks and uncertainties that may cause actual results to differ materially from what may be expressed or implied in these forward-looking statements and the company cannot provide any assurance that its efforts will result in the company pursuing any potential strategic or financial alternative or that such an alternative, if pursued, will be completed. For a further discussion of risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as risks relating to the business of Gevo in general, see the risk disclosures in the Annual Report on Form 10-K of Gevo for the year ended Dec. 31, 2015, and in subsequent reports on Forms 10-Q and 8-K and other filings made with the U.S. Securities and Exchange Commission by Gevo.

SOURCE Alaska Airlines

Related Links

http://www.alaskaair.com