Sky-High Sustainability: Boeing & Masdar Join Forces To Supercharge Sustainable Aviation Fuel

Abu Dhabi Future Energy Company PJSC – Masdar and Boeing Company BA have announced a strategic partnership aimed at boosting the sustainable aviation fuel (SAF) industry, both in the United Arab Emirates (UAE) and on a global scale. 

This collaboration is set to explore innovative ways to advance the development and adoption of SAF, aligning with the broader goal of the commercial aviation sector to achieve net-zero emissions by 2050.

The alliance was formalized through a Memorandum of Understanding signed during the Abu Dhabi International Petroleum Exhibition and Conference 2023. 

The partnership is expected to explore and support the development of SAF policies and accounting mechanisms in the UAE and internationally.

SAF, produced from sustainable sources like green hydrogen, is capable of reducing carbon emissions by up to 85% compared to traditional petroleum jet fuel. 

Mohammad Abdelqader El Ramahi, Chief Green Hydrogen Officer, Masdar, said: "Ahead of the UAE hosting COP28 we will continue to leverage our combined knowledge, expertise and passion to support industry and create a more sustainable future for all."

In a related context, Boeing has been making significant strides in enhancing its production efficiency and sustainability. The aerospace giant is reportedly on track to achieve a record 737 output by mid-2025, indicating the company's focus on innovation and efficiency in its operations. 

"Adopting SAF is going to be aviation's most powerful decarbonization lever. Over a decade of collaboration between Boeing and the UAE in sustainable aviation is a testament to our shared goal of achieving net-zero emissions by 2050," said Kuljit Ghata-Aura, President of Boeing Middle East, Turkiye, and Africa.

Price Action: BA shares are trading lower by 0.34% to $186.09 on the last check Thursday.

Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.