USABE – Southwest Airlines Offtake Agreement

Scottsdale-Nov. 2, 2023-USA BioEnergy, LLC ("USA BioEnergy") today announced a 20-year offtake agreement with Southwest Airlines Co. ("Southwest") under which Southwest may purchase up to 680 million gallons of neat sustainable aviation fuel ("SAF"). Once blended with conventional jet fuel, the SAF could produce the equivalent of 2.59 billion gallons of net-zero1 fuel and avoid 30 million metric tons of CO2 over the agreement term. Southwest® plans to begin purchasing SAF from USA BioEnergy's facility near Bon Wier, Texas, as early as 2028. Additionally, as part of the offtake agreement, USA BioEnergy and Southwest have established a long-term strategic relationship offering Southwest the opportunity to purchase up to another projected 180 million gallons of SAF per year from future planned production facilities.
1. Net zero is determined by a fuel with a carbon intensity of zero (0) gCO2e/MJ or lower on a lifecycle basis.