Embraer, Boeing sign MoU for sustainable biofuels ctr.

May 13, 2014, São José dos Campos, Brazil– Embraer and
Boeing have signed a Memorandum of Understanding (MoU) for creating a joint
biofuels research center for the purpose of developing and maturing the
knowledge and technologies that make it possible to establish a sustainable
biofuels chain for aviation. The Center shall be installed in the Technological
Park of São José dos Campos.

“Embraer is committed in supporting the development of
sustainable biofuels for aviation and the joint efforts with Boeing will
undoubtedly contribute to the company continuing to be in the forefront of
research in this area,” says Mauro Kern, Executive Vice President, Engineering
and Technology, Embraer. “Brazil has tradition in the area of alternative fuels
and enormous potential yet to be explored in bioenergy research.”

“Boeing is working aggressively around the world to expand
the supply of sustainable aviation biofuel and reduce aviation’s carbon
emissions,” said Julie Felgar, Boeing Commercial Airplanes managing director of
Environmental Strategy and Integration. “With our joint biofuel research
center, Boeing and Embraer are making a strong commitment toward a successful,
sustainable aviation biofuel industry in Brazil.”

“Boeing and Embraer have a tremendous opportunity to work
together to enhance Brazil’s aviation biofuel capabilities, as well as the
global industry’s access to aviation biofuel,” said Al Bryant, vice president,
Boeing Research & Technology-Brazil.

The project shall now be structured via a Collaboration
Agreement between the two companies. Provision has also been made for the
possibility of other companies and institutions taking part in the Research and
Development activities.