Boeing (NYSE:BA) has joined hands with China on biofuels.
Boeing Signs China Biofuel Pact
Boeing (NYSE:BA) announced that it has teamed up with the Commercial Aircraft Corp. of China to push forward the development of alternative fuels and other aviation technologies.
Both companies have opened the Boeing (NYSE:BA) -COMAC Aviation Energy Conservation and Emissions Reductions Technology Center in Beijing.
The Center will first tackle the prospect of recycling cooking oil into biofuel.
Marc Allen, president of Boeing (NYSE:BA) China, said that, “These industry issues cannot be solved by one company alone. Our work with Comac continues what is now four decades of Boeing (NYSE:BA) partnership with airlines, government agencies, suppliers and research institutions to support the development of China’s aviation industry”.
Boeing Co. (NYSE:BA) stocks are currently standing at 73.64.