Boeing has announced a $17.48 million CAD investment in Canada to support the development of sustainable aviation fuel (SAF) and promote the country’s energy security and economic growth. The funding is part of Boeing’s Industrial and Technological Benefits (ITB) obligations following Canada’s decision to purchase the P-8A Poseidon for its long-range, multi-mission aircraft needs, reports Biomass Magazine.
The investment will support two key SAF development projects:
$10 million CAD for Project Avance: This joint initiative between Bioenergie AECN and Alder Renewables in Port Cartier, Quebec, will convert wood waste from local sawmills into a low-carbon “biocrude.” This intermediate product can then be processed into SAF. Once scaled, the project is expected to enable future facilities in Quebec to produce up to 10 million gallons of unblended SAF annually.
$7.48 million CAD for Dimensional Energy: The company will carry out a feasibility study for scaling its carbon utilization technology, which transforms industrial CO₂ emissions into synthetic aviation fuel. The project aims to support future facilities in North America capable of converting 500,000 metric tons of CO₂ into over 40 million gallons of SAF each year.
“This investment highlights Boeing’s long-standing commitment to Canadian innovation and sustainability,” said Al Meinzinger, president of Boeing Canada. “With 2,000 employees in Canada, we’re dedicated to supporting the domestic aerospace sector and driving clean energy technologies forward.”
Darren Fuller, Chief Commercial Officer at Alder Renewables, said their technology can rapidly accelerate SAF production in Canada. “The backing of Boeing and Quebec’s leaders is critical to helping us move to the next phase,” he added.
Jason Salfi, CEO of Dimensional Energy, called the investment “essential predevelopment capital” that will help bring their power-to-liquid fuel technology to commercial scale. “Transforming waste CO₂ into valuable fuels is a major step forward,” he said.
Federal Minister Mélanie Joly emphasized that Boeing’s investment underscores Canada’s growing role in global aerospace innovation. “These projects will create high-value jobs and support our goal of reducing aviation emissions,” she said.
The two projects are part of a larger $280 million CAD investment Boeing is making in Canadian clean technology through its P-8 ITB commitments. SAF is considered a key solution for reducing aviation emissions, with the potential to cut lifecycle carbon output by up to 80 percent.
Canada announced its purchase of the P-8A Poseidon aircraft in November 2023 under the Canadian Multi-Mission Aircraft (CMMA) program. Boeing has already awarded over $2 billion CAD in contracts to Canadian companies for the P-8, with the program expected to contribute approximately $358 million CAD annually to the Canadian economy, according to research by Doyletech Corp.
