326. Southwest Airlines Renewable Ventures’ Anthony Gregory on growing + scaling the sustainable aviation fuel market

About 1.6 million barrels per day of petroleum jet fuel were consumed in the United States in 2023.  That number is expected to increase to nearly 2 million barrels daily by 2050. Southwest Airlines is taking a bold move, migrating away from petroleum to sustainable fuels. Anthony Gregory, COO of Southwest Airlines Renewable Ventures, joins today to talk about its impact on agbioscience innovation, farmers and airline travelers in the future. As one of the world’s largest airlines, Anthony gets into Southwest’s proactive approach to sustainable aviation fuel, their investment arm aiding new companies in this space and seeing agriculture and aviation industries come together. He also talks about sustainable aviation fuel as a new market for ethanol producers and the critical role of the Midwest economy – farmers, universities, large-scale airline hubs and more – to lead in this space.  So what will it take for sustainable aviation fuel to become a reality? Anthony talks economic and environmental sustainability, the current challenges facing SAF consumption and how ethanol producers can begin the process of increasing demand. He also talks alternative feedstocks and other byproducts in SAF production – and the Southwest Airlines investment approach to new technologies that that help bring innovation in this space to market. Anthony talks through this journey with Southwest Airlines and their stance of being “one of many.” Airlines are trying to make a big leap in this space and he’s optimistic that small steps forward in this space will create long-term lasting impact.