Boeing has agreements to purchase 5.6 million gallons of blended sustainable aviation fuel produced by Neste to support its U.S. commercial operations through 2023. These agreements more than double the company’s SAF procurement from last year.The purchase agreements include supply of Neste MY Sustainable Aviation Fuel which is blended with conventional jet fuel at a 30/70 ratio to produce the blended SAF. Neste MY SAF is made from 100% renewable waste and residue raw materials, such as cooking oil and animal fat waste, and meets strict sustainability criteria. EPIC Fuels and Signature Aviation company will provide 2.3 million gallons and Avfuel will supply 300,000 gallons of this blended SAF for the Boeing ecoDemonstrator flight test program and the company’s commercial sites in Washington state and South Carolina. Boeing is also purchasing an additional 3 million gallons of the same blended SAF from EPIC Fuels and Signature Aviation, generating emissions reduction credits for commercial deliveries, Dreamlifter and executive flights.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on BA:
- Boeing (NYSE:BA), Airbus Bag Largest-Ever Aircraft Deal
- GE Aerospace announces firm order for 40 GEnx-1B, 20 GE9X engines from Air India
- Boeing confirms Air India has selected up to 290 jets, including 737 MAX
- White House confirms Air India purchase of over 200 Boeing aircraft
- Air India announces record Boeing, Airbus order in fleet revamp, Bloomberg says
