Southwest Airlines Announces A Sustainable Aviation Fuel Supply Agreement With Valero Marketing And Supply Company, To Bring SAF To Chicago Midway International Airport In The State's Largest Announced SAF Supply Agreement
Portfolio Pulse from Benzinga Newsdesk
Southwest Airlines has announced a significant sustainable aviation fuel (SAF) supply agreement with Valero Marketing and Supply Company to deliver SAF to Chicago Midway International Airport. This agreement marks the largest SAF supply deal in Illinois, with Southwest set to purchase up to 25 million gallons of neat SAF over two years.
October 17, 2024 | 3:02 pm
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Southwest Airlines has entered into a major SAF supply agreement with Valero, potentially covering up to 35% of its jet fuel needs at Chicago Midway. This move aligns with sustainability goals and could enhance Southwest's brand image.
The agreement with Valero is a significant step for Southwest in terms of sustainability, potentially covering a large portion of its fuel needs at a major airport. This could positively impact Southwest's brand and operational costs.
CONFIDENCE 95
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Valero Energy's subsidiary has secured a major SAF supply agreement with Southwest Airlines, marking the largest SAF deal in Illinois. This could enhance Valero's position in the sustainable fuel market.
Valero's agreement with Southwest Airlines positions it as a key player in the sustainable aviation fuel market, potentially increasing its market share and reputation in the industry.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 85