ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for monitor Customisable watchlists with full streaming quotes from leading exchanges, such as LSE, NASDAQ, NYSE, AMEX, Bovespa, BIT and more.

EMBR3 Embraer SA

56.75
1.10 (1.98%)
17 Dec 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Embraer SA BOV:EMBR3 Bovespa Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  1.10 1.98% 56.75 56.45 56.88 57.18 55.72 56.39 7,451,900 22:45:00

Boeing, Embraer to Open Joint Research Center for Sustainable Aviation Biofuel

12/05/2014 1:30pm

PR Newswire (US)


EMBRAER ON (BOV:EMBR3)
Historical Stock Chart


From Dec 2019 to Dec 2024

Click Here for more EMBRAER ON Charts.

SAO PAULO, May 12, 2014 /PRNewswire/ -- Boeing [NYSE: BA] and Embraer S.A. (BM&F Bovespa: EMBR3, NYSE: ERJ) today announced that they will open a joint research center 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 center will be located in Sao Jose dos Campos Technology Park.

"Boeing is working aggressively around the world to expand the supply of sustainable aviation biofuel and reduce aviation's carbon emissions," said Julie Felgar, managing director of Environmental Strategy and Integration, Boeing Commercial Airplanes. "With our joint biofuel research center, Boeing and Embraer are making a strong commitment toward a successful, sustainable aviation biofuel industry in Brazil."

"Embraer is committed in supporting the development of sustainable biofuels for aviation and the joint efforts with Boeing will undoubtedly contribute to the company continuing to be in the forefront of research in this area," says Mauro Kern, Executive Vice President, Engineering and Technology, Embraer. "Brazil has tradition in the area of alternative fuels and enormous potential yet to be explored in bioenergy research."

"Boeing and Embraer have a tremendous opportunity to work together to enhance Brazil's aviation biofuel capabilities, as well as the global industry's access to aviation biofuel," said Al Bryant, vice president, Boeing Research & Technology-Brazil.

In 2013, Boeing, Embraer and the Fundacao de Amparo a Pesquisa of the State of Sao Paulo (FAPESP) 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.

When produced sustainably, aviation biofuel emits 50 to 80 percent lower carbon emissions through its lifecycle than petroleum jet fuel. Globally, more than 1,500 passenger flights using biofuel have been conducted since the fuel was approved for use in 2011.

Contacts:
Jessica Kowal
Environment Communications
Boeing Commercial Airplanes
+1 206 660 6849
jessica.m.kowal@boeing.com

Ana Paula Ferreira
Boeing Brazil Communications
+55 (11) 9-6644-5411
ana.p.ferreira@boeing.com

SOURCE Boeing

Copyright 2014 PR Newswire

1 Year EMBRAER ON Chart

1 Year EMBRAER ON Chart

1 Month EMBRAER ON Chart

1 Month EMBRAER ON Chart