Boeing, Airbus and Embraer To Collaborate on Aviation Biofuels

 - March 22, 2012, 3:49 PM

Today at the Air Transport Action Group Aviation and Environment Summit in Geneva, Boeing, Airbus and Embraer signed a memorandum of understanding to work together on the development of drop-in, affordable aviation biofuels. The three aircraft manufacturers will seek “collaborative opportunities to speak in unity to government, biofuel producers and other key stakeholders to support, promote and accelerate the availability of sustainable new jet fuel sources.” Their goal is to have biofuel meet 4 percent of aviation’s fuel needs by 2020.