Boeing and CSIRO Sustainable Aviation Fuel State of Play Executive Summary November 2024 Copyright © Boeing and CSIRO. All rights reserved. --- -Executive Summary- Since Boeing and CSIRO’s joint release of the Sustainable Aviation Fuel Roadmap in August 2023, many significant global and domestic developments have occurred - including shifts in policy, Research and Development (R&D) breakthroughs, investment growth, and increasing industry uptake - further informing options towards establishing a SAF ecosystem within Australia. - SAF policy continues to progress globally, de-risking investment in SAF and helping the sector to decarbonise - Federal and state government action is driving policy development in Australia - Boeing affirming SAF has no technical issues for use in all our military aircraft - Australia’s finance sector is increasingly engaged in developing innovative approaches to scale SAF - Industry development is occurring in Australia, with SAF blending on-shore to commence in 2025 -Progress on immediate-term recommendations- Actions have been taken across Australian policy, industry and R&D in-line with the Roadmap’s immediate term recommendations, however continued targeted effort is required. 1. Consider policy frameworks and tools (Strong) - Federal Budget and Aviation White Paper confirm intent to consider SAF-related policies - QLD Industry Partnership Program, NSW Net Zero Manufacturing. 2. Encourage the signalling of local demand (Moderate) - Publications highlighting expected demand growth - Williamtown Air Show Australian Defence Force demonstration - Aviation White Paper highlights government commitment - Australian Defence Force commitment to transitioning to low carbon renewable energy. 3. Educate consumers on SAF’s role and benefits (Moderate) - CSIRO owned work item in Australian Jet Zero Council initiatives - Extensive media Roadmap reach of up to 17 million - Aviation White Paper notes social licence and consumer education initiatives. 4. Invest in technology and feedstock R&D (Moderate) - Access to $1.7 billion Future Made in Australia Innovation Fund - ARENA Sustainable Aviation Fuel Funding Initiative of up to $30 million. - Feasibility studies by Ampol, Graincorp, Lanzajet, Wagner and Liquid Power. 5. Scale-up biogenic SAF production (Moderate) - No active domestic plants to date. - Projects in planning or construction: LanzaJet and Jet Zero, Townsville; Wagner and Boeing, Toowoomba. - Projects discontinued: Oceania Biofuels, Gladstone. -Emerging insights in the Australian ecosystem- Given changes in the year since the Roadmap’s release, a roundtable consisting of industry, research and government leaders identified evolving priorities in advancing the domestic SAF sector. Cost and market uncertainty - Nuancing respected international frameworks for the Australian context will be important to inform policy and production - Gradual transition pathways can minimise capital requirements - Market interdependencies need to be considered (e.g. Low Carbon Liquid Fuels) - Cost of living places further pressure on consumer ability to pay - Carbon accounting and monetisation plays to national strengths - Government offtakes will strengthen resilience to disruptions - Short-term offtake agreements increase risk for private financing. Feedstock availability and competition - Matching feedstocks with technologies requires an improved understanding of suitability across pathways - Cross-industry feedstock competition is likely to grow - Narrowed options can inform targeted future analyses - Working with agriculture will be important in driving value - Better alignment around power-to-liquid planning is needed. Technological gaps and infrastructure needs - Leveraging existing infrastructure will minimise unneeded spend - Building cross sectoral relationships between energy and agriculture will enable better feedstock integration - Recognising benefits beyond biofuels can help spur investment. Sustainability and social perceptions - Evidence based information will help to inform social concerns - Promoting Australia’s credentials can encourage overseas uptake - Long term sustainability planning into use and management - Early Indigenous and community engagement will maximise benefit for indigenous communities and SAF organisations - Feedstock legitimacy may be questioned by customers. **** END OF DOCUMENT ****