As per reports, Boeing (BA) has entered a supply agreement with EPIC Fuels for a million gallons (7.5 million liters) of blended sustainable aviation fuel (SAF) to power it’s Commercial Airplanes operations in Washington state and South Carolina through 2022.
The transaction marks the largest announced SAF procurement by an airframer and strengthens Boeing’s commitment to decarbonizing aviation. Sustainably produced jet fuel (SAF) has the potential to reduce CO2 emissions by as much as 80% over the fuel’s life cycle with strong potential to reach 100% in the future. It is widely recognized as offering the most immediate and greatest inclusion to decarbonize aviation over the next 20 to 30 years.
The purchase agreement with EPIC Fuels includes a SAF product made from inedible agricultural waste, blending 30% neat SAF with 70% conventional jet fuel. The transaction will enable broader use of SAF for Boeing commercial production, test, Dreamlifter, ferry, customer flights at facilities in Everett, Renton, and Seattle in Washington state and North Charleston, South Carolina. In 2008, Boeing began SAF test flights and gained approval for commercial use in 2011. In 2012 it enabled airplane delivery flights with SAF. In 2018, Boeing ecoDemonstrator conducted the industry’s first 100 percent SAF commercial airplane test flight on a 777 Freighter in partnership with FedEx.
Dow 30 component Boeing (NYSE: BA) is the world’s largest aerospace company and leading manufacturer of commercial jetliners and defense, space, and security systems. To learn more about Boeing (BA) and to track its ongoing progress please visit the Vista Partners Boeing (BA) Coverage Page.
Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.
Stay Informed! Stay Competitive! Please join us at Vista Partners, receive our FREE email updates throughout the week, and view our exclusive content and research.