Boeing to invest in 2 Canadian SAF projects
- Boeing
- 1 day ago
- 3 min read
Boeing announced May 28 that it will invest CAD$17.48 million (USD$12.6 million) to strengthen the energy security of Canada and bolster the country’s economic growth.
The investments will promote the production of sustainable aviation fuel (SAF) and are part of Boeing’s industrial and technological benefits (ITB) commitment to Canada for its selection of Boeing’s P-8A Poseidon to fulfill its long-range, multimission-aircraft role.
The investments will support two projects:
CAD$10 million (USD$7.2 million) for Project Avance, a joint venture between Bioenergie AECN and Alder Renewables in Port Cartier, Quebec, to convert wood residuals from existing sawmills into a low-carbon intermediate “biocrude” that can be converted into SAF. Project Avance is forecasted to enable future projects in Quebec to produce 10 million gallons of unblended SAF annually.
CAD$7.48 million (USD$5.4 million) for Dimensional Energy, a power-to-liquid technology provider that will scope scaled development of its pioneering carbon-utilization project to convert industrial CO2 emissions into synthetic aviation fuel production. This study will support future projects in North America to convert 500,000 metric tons of CO2 emissions to produce more than 40 million gallons of SAF annually.
“This significant investment in SAF production demonstrates our commitment to scaling sustainable aviation fuel and to our work in Canada, where we have driven innovation for over a century,” said Al Meinzinger, the president of Boeing Canada. “With 2,000 employees across Canada, Boeing is committed to supporting Canada’s aerospace industry and domestic productivity and advancing exciting, new energy innovations.”
Darren Fuller, the chief commercial officer of Alder Renewables, said, “Our proprietary Alder Renewable Crude product has enormous potential to fast-track the production of SAF in Canada. The support of Boeing and local government leaders in Quebec is supercharging our commitment to securing a low-carbon future for the aviation sector. Close collaboration with our industry partners—Boeing and Bioenergie AECN—coupled with government support is essential to get to the next phase. We’re ready to play our part.”
Jason Salfi, the CEO of Dimensional Energy, added, “Making high-performance hydrocarbons is an innovative use for carbon dioxide that turns unwanted waste into valuable fuels and products. This investment from Boeing provides essential predevelopment capital to catalyze projects and scale our proven power-to-liquid technology to market now.”
The two SAF projects are part of Boeing’s over CAD$280 million (USD$202.6 million) investment in Canadian clean-technology projects through the P-8 ITB program.
Boeing investments will advance technologies that have the potential to unlock vast renewable resources and accelerate industries producing low-carbon fuels to meet the rising global demand.
SAF has the potential today to reduce carbon emissions by up to 80 percent over the fuel’s lifecycle and offers the fastest route to decarbonization in the aviation sector.
The government of Canada announced its decision to acquire the P-8A Poseidon aircraft in November 2023 as part of the Canadian multimission-aircraft (CMMA) project.
These Boeing CMMA ITB investments build on more than $2 billion in P-8 contracts with Canadian companies to date, contributing to economic growth across the country.
The purchase will generate benefits of nearly CAD$358 million (USD$259 million) annually in economic output to Canada, according to an independent study by Ottawa-based Doyletech Corp.
