Boeing is investing $17.48 million CAD to advance sustainable aviation fuel (SAF) production as part of its Industrial and Technological Benefits (ITB) commitment to Canada, following the selection of its P-8A Poseidon aircraft.

The investment supports two SAF projects:

  • $10M CAD for Project Avance (Port Cartier, Quebec): A joint venture between Bioenergie AECN and Alder Renewables to convert wood residuals into biocrude for SAF, aiming to produce 10M gallons (37.85M liters) annually
  • $7.48M CAD for Dimensional Energy: Scaling its carbon utilization technology to convert industrial CO2 emissions into synthetic aviation fuel, supporting future projects capable of converting 500K tonnes of CO2 into 40M+ gallons (151.42M liters) 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, president, 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.”

“Our proprietary Alder Renewable Crude (ARC) product has enormous potential to fast track the production of SAF in Canada,” said Darren Fuller, Chief Commercial Officer of Alder Renewables. “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.”

“Making high performance hydrocarbons is an innovative use for carbon dioxide that turns unwanted waste into valuable fuels and products,” said Jason Salfi, CEO of Dimensional Energy. “This investment from Boeing provides essential predevelopment capital to catalyze projects and scale our proven power-to-liquid technology to market now.”

“Boeing’s investments in Quebec and British Columbia highlight Canada’s position as a strategic partner of choice in sustainable aviation and will generate high-value jobs and economic growth,” said the Honourable Mélanie Joly, Minister of Industry and Minister responsible for Canada Economic Development for Quebec Regions. “The Government of Canada is committed to reducing aviation emissions and reinforcing Canada’s position as a global leader in aerospace innovation.”

The projects are part of Boeing’s $280M CAD investment in Canadian clean technology through the P-8 ITB program, which aims to accelerate low-carbon fuel industries to meet global demand. SAF can reduce carbon emissions by up to 80% over its lifecycle and is a key solution for aviation sector decarbonization. The Government of Canada selected the P-8A Poseidon in November 2023 as part of the Canadian Multi-Mission Aircraft (CMMA) project. Boeing’s CMMA ITB investments build on the more than $2B in P-8 contracts with Canadian companies, contributing to economic growth and generating $358M CAD annually in economic output, according to an independent study by Doyletech Corporation.