BioFuelNet joins forces with Airbus and Air Canada

Air Canada and
Airbus are part of a broad coalition, which has pledged Carbon Neutral
Growth from 2020 and to reduce greenhouse emissions by 50 per cent by
2050. BioFuelNet Canada, a
not-for-profit organization hosted by Montreal's McGill University, will
assess the viability of various Canadian advanced biofuels solutions
for aviation. Their research will focus on diverse raw materials, such
as municipal solid waste and agricultural and forestry waste, as well as
a range of conversion processes available for biofuel production.

The
ultimate goal is to determine which advanced biofuels are the most
sustainable for aviation. The agreement was signed at BioFuelNet's
headquarters in the Quartier de l'innovation (QI) in Montreal, on May 13, 2013, the day of the official QI launch.

Dr. Donald Smith, president of BioFuelNet and McGill
University professor stated, "Aviation biofuels are one of the most
promising ways to reduce the aviation industry's carbon footprint,
making air travel more environmentally-friendly. Airbus and Air Canada
are key players in the field, dedicated to finding the most sustainable
fuel sources for the future of air travel. These relationships are of
great importance to BioFuelNet Canada".

"The commercialization of sustainable alternative fuels is a
key to reducing our sectors carbon footprint. The support and leadership
of BioFuelNet in facilitating research and of airlines like Air Canada
is an essential element in achieving this. Together we are showing that
new lower carbon footprint aviation fuels work on existing aircraft and
meet certification requirements," said Frédéric Eychenne, Airbus New
Energies program manager.

"Air Canada has already operated two flights with biofuel and
on each occasion we substantially reduced our emissions. Encouraged by
these results, we look forward to participating in this project to
encourage the development of a source of alternative fuel in Canada. New
technologies, such as alternative fuels, are one of the ways our
industry plans to reduce its emissions to meet its target of
carbon-neutral growth for 2020 and beyond," said Paul Whitty, Director
of Fuel Purchasing and Supply at Air Canada and Chair of the Air Canada
Alternative Fuels Working Group.

BioFuelNet was launched in 2012 as part of the Federal Networks of Centres of Excellence
program, which funds BioFuelNet through a $25 million grant over 5
years. BioFuelNet brings together 74 leading researchers working on
advanced biofuels in Canada, as well as industry partners and
government, in order to accelerate research, development, and
commercialization of advanced biofuels.