13 May 2014
Boeing (NYSE: BA) and Embraer S.A. (NYSE: ERJ) said that they will open a joint research centre to advance a sustainable aviation biofuel industry in Brazil.
Under a memorandum of understanding, the two companies will perform joint biofuel research, as well as fund and coordinate research with Brazilian universities and other institutions. The research will focus on technologies that address gaps in a supply chain for sustainable aviation biofuel in Brazil, such as feedstock production and processing technologies. The companies´ biofuel research centre will be located in Sao Jose dos Campos Technology Park.
In 2013, Boeing, Embraer and the Fundacao de Amparo a Pesquisa of the state of Sao Paulo completed an action plan Flightpath to Aviation Biofuels in Brazil that identified gaps in a potential biofuel supply chain. The joint research between Boeing and Embraer will help address those gaps.