Photo Caption: Boeing [NYSE: BA] agreed to purchase 9.4 million gallons (35.6 million liters) of blended sustainable aviation fuel (SAF) to support 2024 operations, its largest annual purchase as the company works to help grow the supply of the fuel globally. (Boeing image)
– Company buying 9.4 million gallons for 2024 U.S. commercial operations
– EPIC Fuels, World Fuel Services and Avfuel to supply SAF produced by Neste and World Energy
Boeing [NYSE: BA] is buying 9.4 million gallons (35.6 million liters) of blended sustainable aviation fuel (SAF) to support its 2024 U.S. commercial operations, reducing its carbon emissions and working to help grow the supply of the fuel globally. This is the company’s largest annual SAF purchase, more than 60% higher than its buy in 2023.
“As our focus remains on safety and quality, sustainability continues to be a priority,” said Ryan Faucett, vice president of Environmental Sustainability at Boeing. “Sustainable aviation fuel is essential to decarbonize aviation and Boeing continues to increase its use of this fuel to encourage growth in the SAF industry. We are also working to make SAF more available and affordable to our commercial airline customers through collaboration, investment, research and policy development.”
Unblended, or “neat” SAF, can reduce carbon emissions up to 85% over the fuel’s life cycle and offers the commercial aviation industry’s greatest potential to reduce its climate impact over the next 30 years.
Boeing will receive 4 million gallons of the blended SAF into its fuel farms in the Pacific Northwest. EPIC Fuels, a Signature Aviation company, will supply 2.5 million gallons from Neste, and Avfuel will provide 1.5 million gallons of blended SAF from Neste.
Through Boeing’s book-and-claim purchases, EPIC Fuels will supply 3.5 million gallons of blended SAF made by Neste, while World Fuel Services, a World Kinect company, will supply 1.9 million gallons from World Energy.