Boeing & US Government Plan To Advance Sustainable Aviation Fuel In APEC Economies
Portfolio Pulse from Shivani Kumaresan
Boeing Co, in partnership with the U.S. government, has initiated a project to promote the development and utilization of Sustainable Aviation Fuel (SAF) in Asia-Pacific Economic Cooperation (APEC) member countries. SAF is crucial for achieving net-zero carbon emissions by 2050 as set by the International Civil Aviation Organization and the industry. Despite its potential to reduce CO2 emissions by up to 85%, SAF currently makes up only 0.1% of global jet fuel demand due to limited supply and high costs. The initiative, sponsored by the U.S. Department of Transportation and the FAA, aims to address these challenges by identifying sustainable feedstocks, optimizing production pathways, leveraging existing infrastructure, and developing SAF-specific policies.

November 17, 2023 | 12:22 pm
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Boeing Co partners with the U.S. government to advance the use of Sustainable Aviation Fuel in APEC economies, aiming to meet net-zero carbon emissions by 2050.
Boeing's involvement in the SAF initiative demonstrates its commitment to sustainability and could positively influence its brand image and market position in the long term. In the short term, this news may be viewed favorably by investors who prioritize environmental responsibility, potentially leading to a positive impact on Boeing's stock price.
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