Boeing has invested an undisclosed sum in Wagner Sustainable Fuels to support the creation of a sustainable aviation fuel (SAF) refinery in Brisbane.
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.
"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," Boeing said in a statement.
"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," said Boeing’s sustainability lead for Australia and New Zealand, Kimberly Camrass.