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Boeing Enters Agreement With EPIC Fuels For Sustainable Aviation Fuel In Washington & South Carolina – $BA $DIA

By John F. Heerdink, Jr.

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.

“SAF is a safe, proven, immediate solution that will help achieve our industry’s long-term commitment to net-zero carbon emissions by 2050. Boeing has been a pioneer in making sustainable aviation fuels a reality. Through this agreement we will reduce our carbon footprint and have SAF available for customer deliveries as well as our own operations,” stated Sheila Remes, Boeing vice president of Environmental Sustainability.

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.

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(Read Original Story: Boeing Buys Two Million Gallons of Sustainable Aviation Fuel for its Commercial Operations in PR Newswire)


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