Boeing, Embraer Team Up on Aviation Biofuel Development

Tuesday, April 10, 2012 at 09:03 PM ET

Verified

** Boeing and Embraer announced the agreement
geared toward the production of biofuels and
other developments on Monday.**

Key Takeaways:

Boeing and Embraer have formed a partnership to collaborate on developing sustainable aviation biofuels, enhancing commercial aircraft safety and efficiency, and general research and technology.
The announcement was intentionally vague but coincided with a new aviation partnership pact between the U.S. and Brazilian governments, building on previous agreements to explore jet fuel from sugarcane.
Despite the lack of specific details from the companies, industry rumors have begun circulating about potential future collaboration on new aircraft development.

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Industry giants Boeing and Embraer are joining forces in an effort to develop ** sustainable biofuels** and achieve other goals, the two companies announced on Monday.

In a vaguely worded statement, the two companies agreed to “pursue several areas of cooperation, including commercial aircraft features that enhance safety and efficiency, research and technology and sustainable aviation biofuels.”