Boeing Canada says it’s investing millions of dollars into business ventures in B.C. and Quebec with the eventual goal of producing close to 200 million litres of sustainable jet fuel every year. The announcement, made Wednesday, includes nearly $17.5 million split between two projects looking to turn wood waste and carbon captured from industrial smokestacks into sustainable aviation fuel. The fuel, known in industry as SAF, has the potential to reduce carbon emissions by up to 80 per cent over its lifecycle and “offers the fastest route to decarbonization in the aviation sector,” according to Boeing. Boeing’s latest investment will direct $10 million to Project Avance, a joint venture between Bioenergie AECN and Alder Renewables in Port Cartier, Que. The project aims to convert wood residue from sawmills into low-carbon bio-crude that can later be converted into almost 38 million litres of unblended jet fuel every year.