Boeing Ups Its Sustainability Game: Reveals Largest Ever Purchase Of Blended SAF
Portfolio Pulse from Shivani Kumaresan
Boeing Co (NYSE:BA) has announced its largest annual purchase of sustainable aviation fuel (SAF), totaling 9.4 million gallons, to support its 2024 U.S. commercial operations. This purchase, which is over 60% higher than the previous year, will aid the Boeing ecoDemonstrator program and its U.S. commercial flights. The SAF consists of 30% waste by-products and 70% conventional jet fuel. Boeing also plans to buy CO2 emissions reductions for 5.4 million gallons of SAF through a book-and-claim process. EPIC Fuels and Avfuel will supply the SAF, with contributions from Neste.
April 16, 2024 | 3:40 pm
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Boeing's significant investment in sustainable aviation fuel (SAF) underscores its commitment to sustainability and could positively influence its market perception.
Boeing's announcement of its largest SAF purchase to date highlights the company's dedication to reducing its carbon footprint and supporting sustainable operations. This move is likely to be viewed positively by investors and customers who are increasingly valuing corporate sustainability efforts. The direct impact on Boeing's stock (BA) could be positive in the short term, as this initiative may enhance the company's reputation and potentially lead to operational cost savings in the long run.
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