Boeing Invests in Wagner SAF Refinery in
Brisbane, Australia
(20/08/24)
Boeing is supporting the development of a
sustainable aviation fuel (SAF) production facility in Brisbane,
Australia by becoming an early investor in Wagner Sustainable
Fuels.
Boeing’s investment in the Wagner refinery is
part of a strategy to support the development of local SAF supply
and expand global access to SAF, which is believed to be one of the most effective
levers to decarbonize aviation by 2050.
SAF, which reduces CO2
emissions by up to 84% compared to petroleum jet fuel, currently
represents just 0.1% of global jet fuel use.
“Our partnership with Boeing to advance the Wagner
SAF refinery in Brisbane is a commitment to proactively grow the
SAF industry in Australia,” said Matt Doyle, Wagner Sustainable
Fuels Chief Executive Officer. “The investment from the Queensland
Government and Boeing will underpin Australia’s first, fully
integrated SAF production facility. It will create local jobs,
contribute to fuel security and reduce greenhouse-gas emissions
from aviation.”
Building on an initial
Boeing-Wagner partnership unveiled 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.
“This project allows Australia to continue to stand out as a
leader in SAF, now leveraging the solution we co-created with
LanzaTech to convert waste carbon into sustainable fuels,” said
Jimmy Samartzis, CEO of LanzaJet. “The combination of our platform
with the front-end of LanzaTech’s carbon recycling technology
makes it possible to create SAF supply in Australia using local
waste streams, further supporting the country’s energy security
and protecting its natural environment.”
In 2023, CSIRO and Boeing’s Sustainable Fuels Roadmap identified
that Australian SAF production not only enables local fuel
production capacity to meet commercial demand, but also
contributes to sovereign fuel security and regional jobs.
“We’re proud to
invest in this project because it will make a real difference in
developing a SAF industry in Australia,” said Kimberly Camrass,
Boeing’s sustainability lead for Australia and New Zealand.
“Accelerating local SAF supply enables Australia’s own climate
goals and supports the global commercial aviation industry’s
commitment of net zero CO2 emissions by 2050. SAF
facilities such as Wagner’s new Brisbane site also strengthen
Australia’s fuel security, since the country currently imports 90%
of its liquid fuel including jet fuel, and the demand is expected
to increase by 75% towards 2050.”
Published on Travel News Asia at: https://www.travelnewsasia.com/news24/208-SustainableAviationFuel.shtml
Headlines:
Subscribe to our
Travel Industry News RSS
Feed. To do
that in Outlook, right-click the RSS Feeds
folder, select Add a New RSS Feed, enter the URL of our
RSS Feed which is: https://www.travelnewsasia.com/travelnews.xml
and click Add. The feed can also be used to add the headlines to your
website or channel via a
customisable applet. Have questions? Please read our
Travel News
FAQ. Thank you.