In New Zealand, Boeing reported that domestic production of sustainable aviation fuel to meet 30% of New Zealand’s jet fuel needs by 2050 could generate $777.2 million in Gross Value Added (GVA) and create 5,700 jobs, while also strengthening fuel security, according to a Cyan Ventures study supported by Boeing.
“The opportunity to secure New Zealand’s long-term aviation fuel supply, boost economic growth and help meet ambitious climate goals through SAF is compelling,” said Kimberly Camrass, Boeing acting Regional Sustainability lead, Asia Pacific. “Overall there’s a clear case to act now, and a clear set of potential steps.”
The report outlines the benefits of defining acceptable feedstocks and certification standards, linking SAF to the national Emissions Trading Scheme, establishing a policy framework to support investment into SAF, and create a strong demand and investment signal at a leadership level.
“Additionally, New Zealand’s reliance on imported jet fuel highlights the need for a domestic SAF supply. This is critical for reducing emissions as aviation could rise to represent 22% of the country’s gross emissions by 2050 if no action is taken, but also for ensuring sovereign security,” said Camrass.
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