Boeing has become an early investor in Wagner Sustainable Fuels to support the development of its sustainable aviation fuels (SAF) production facility in Brisbane, Australia, increasing Australian SAF supply and reducing aviation’s carbon emissions.
Boeing’s investment in the Wagner refinery is part of its strategy to support development of local SAF supply and expand global access to SAF, which remains the most effective lever to decarbonise aviation by 2050. SAF, which reduces CO2 emissions by up to 84% compared to petroleum jet fuel, currently represents 0.1% of global jet fuel use.
Building on an initial Boeing-Wagner partnership announced in April, Boeing’s new investment will support an engineering study for the eventual construction of a SAF refinery. The Brisbane facility will use waste-to-SAF technology that converts ethanol produced from waste-based feedstocks such as industrial waste into SAF, said a release.