This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Boeing, Embraer And Sao Paulo Research Foundation To Lead Aviation Biofuels Program In Brazil

SAO PAULO, Oct. 26, 2011 /PRNewswire/ -- Boeing (NYSE: BA), Embraer (NYSE: ERJ) and the Sao Paulo State Research Foundation (FAPESP) today announced plans to collaborate on long-term aviation biofuels-related research and development, a move that represents another major step toward the creation of a sustainable aviation biofuels industry in Brazil. Azul, GOL, TAM and Trip airlines will be strategic advisors in the program.

As a result of an agreement signed today, Boeing, Embraer and FAPESP are leading the development of a detailed report outlining the unique opportunities and challenges of creating a cost-effective, bio-derived, and sustainable jet-fuel production and distribution industry in Brazil. When completed in late 2012, the report, which will include a technology and sustainability roadmap, will be made public.

The study will be guided by a series of public workshops during 2012 with input from a wide range of stakeholders, as well as a strategic advisory board, which will give the project wide-ranging guidance and institutional support. Members will include airlines, fuel producers and suppliers, environmental experts, community groups, and government agencies.

The study will frame the creation of a sustainable aviation biofuels research center in Brazil. This center will be jointly funded by FAPESP and industry in order to drive a long-term research agenda for the development of aviation biofuels technology in Brazil. A special call for proposals by FAPESP to establish this center is expected to follow the initial study phase. The mission of the center will be to close the technical, commercial, and sustainability gaps needed to enable the creation of this new aviation fuel supply chain in Brazil.

"The partnership with Boeing and Embraer brings a new level of FAPESP efforts to foster research partnerships between universities and companies in Sao Paulo," said Suely Vilela, member of FAPESP's board of directors. "The research center will be created through public selection, according to FAPESP's Research, Innovation and Diffusion Centers, which aim to establish long-term advanced core research that results in innovation."

" Brazil already has shown global leadership in developing biofuels for ground transportation," said Donna Hrinak, president of Boeing Brazil. "Bringing together people from throughout Brazil who possess the leadership and expertise to create new, low-carbon energy sources for aviation is the right thing to do for our industry, for our customers, for Brazil, and for future generations."

"Embraer is proud of the role it has always played in the growth of Brazil's technological knowledge base and making our country ever more attractive, not only as a market but also as an innovation platform," said Mauro Kern, Embraer's executive vice president, Engineering and Technology. "Biofuel development has long been a focus of ours in other partnerships, and this new program will add substance to those efforts, especially because of FAPESP's participation."

Boeing and Embraer are focused on creating sustainable aviation biofuels produced from renewable resources that do not drive food competition in vulnerable regions by competing with land and water resources. Both companies are bringing together agricultural interests, academic researchers, environmental experts, refiners and aerospace companies around the globe to establish local infrastructure needed to develop a sustainable and economically viable biofuels industry.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,098.45 +18.88 0.11%
S&P 500 2,003.37 +6.63 0.33%
NASDAQ 4,580.2710 +22.5760 0.50%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs