On May 29, Boeing Canada said it is investing millions of dollars in commercial ventures in British Columbia and Quebec with the ultimate goal of producing nearly 200 million liters of sustainable aviation fuel annually.
The announcement, made Wednesday, includes nearly $17.5 million in grants to two projects aimed at converting carbon captured from wood waste and industrial smokestacks into sustainable aviation fuel.
Boeing said the fuel, known in the industry as SAF, has the potential to reduce carbon emissions by up to 80 percent over its lifecycle and “offers the fastest pathway to decarbonization for the aviation industry.”
Boeing’s latest investment will be $10 million in Project Avance, a joint venture between Bioenergie AECN and Alder Renewables in Port Cartier, Quebec. The project aims to convert sawmill wood residues into low-carbon biocrude oil, which can then be converted into nearly 38 million liters of unblended jet fuel annually.
