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Boeing the planemaker invest a hefty amount in Brazilian Fuel industry

On Monday 17 june 2019, a new passed in Brazil fuel industry, and the news was Boeing has invested a hefty amount of 1 million in Brazil’s fuel industry. Boeing is a an American MNC that designs, manufactures, and sells airplanes, rotorcraft, rockets, satellites, comms gear and missiles worldwide. The company also provides leasing and product support services. Boeing is among the largest global aerospace manufacturers; it is the fifth-largest defense contractor in the world based on 2017 revenue,and is the largest exporter in the United States by dollar value. Boeing reportedly made this big investment in Brazil’s sustainable aviation fuel industry. The investment will focus on maximizing social, economic and environmental benefits to local communities who are engaged in the development of feedstock that can be used to produce sustainable aviation fuel (SAF). In 2018, the company has also provided an additional USD 1 million to the industry’s efforts in Brazil.

Senior vice president of Embraer stated that “Brazil is a bio fuel powerhouse and we believe this leadership can translate into benefits for small farmers and communities at the forefront of the multi-feed stock supply chain supporting biojet fuel production in the country,”

Boeing will collaborate with long-time partners World Wide Fund for Nature and the Round table on Sustainable Biomaterials (RSB) to provide biomass for SAF production. The producers will then be certified using sustainability indicators that drive social benefits such as income generation, solid labor practices and food security. Groups of small farmers that produce sugarcane and macauba oil in southeast Brazil have already been certified by RSB in recent years, with Boeing’s financial support.

In 2013, both WWF and RSB were stakeholders. This detailed report, led by Boeing, Embraer and the Sao Paulo State Research Foundation (FAPESP), outlined the unique opportunities and challenges of creating a cost-effective, bio-derived, and sustainable jet-fuel production and distribution industry in Brazil.

This latest investment builds on Boeing’s long-standing commitment to support Brazil’s aviation and aerospace ecosystem.