Honeywell now surpasses 50 licenses for its
renewable fuel processing solutions
CHARLOTTE, N.C., Jan. 24,
2024 /PRNewswire/ -- Honeywell (Nasdaq: HON)
announced that Acelen Renewables has selected its Ecofining™
technology to help support the efficient production of a targeted
20,000 barrels per day of sustainable aviation fuel (SAF) and
renewable diesel. The fuels will be processed at Acelen's facility
in Bahia, Brazil, from a blend of
inedible seed and waste oils. With this agreement, Acelen
Renewables becomes the 50th site to license Honeywell's renewable
fuels technology.
Honeywell's Ecofining process, which was developed in
collaboration with Eni SpA, offers a capital- and cost-effective
solution for processing waste fats, oils and greases into renewable
diesel and SAF. Blended with conventional jet fuel, the use of SAF
can reduce greenhouse gas (GHG) emissions by up to 80% compared to
conventional fossil fuels.1 Ecofining has been in use
since 2013 for renewable diesel and 2016 for SAF production, making
it a proven tool for helping to reduce carbon dioxide
(CO2) emissions, particularly in air travel.
Over the past two years, Honeywell has seen rapidly increasing
demand for renewable fuels technologies, including Ecofining. This
growth tracks with international decarbonization efforts—especially
in air travel. Initiatives like the SAF Grand Challenge and SAF tax
credit in the U.S. Inflation Reduction Act as well as the European
Council's 'Fit for 55' package have set in motion key drivers to
expand SAF production, accelerating the energy transition and
aviation's journey to net-zero emissions.
"The dramatic growth in demand for renewable fuels technology
illustrates that fuel producers are accelerating adoption of
solutions to help meet ambitious decarbonization goals," said
Ken West, president and CEO of
Honeywell Energy and Sustainability Solutions. "Our
50th license is testament to Honeywell's leadership
in renewable fuels. The milestone follows back-to-back years of
solution launches that harness ethanol and e-methanol—to round out
one of the largest ranges of feedstock processing technologies on
the market."
Acelen Renewables joins a roster of companies around the world
currently licensing Honeywell's renewable fuels technology,
including BP, CVR Energy, Diamond Green
Diesel, Eni, Repsol, Total Energies, and World Energy. Of
the 50 licenses, eight facilities are already in operation and more
than 40 licensed plants are slated to be operational by 2030. The
combined renewable fuels capacity of these plants when functioning
to peak efficiency will exceed 500,000 barrels per day.
"The addition of Honeywell's Ecofining process is essential for
us to meet our goal of producing one billion liters of Renewable
Diesel and Sustainable Aviation Kerosene (SAF) per year from 2026
onwards, which will make our company one of the largest biofuel
producers in the world. Through our "fully sustainable" project:
economically, socially and environmentally responsible, we will
show the world Brazil's full
capacity to produce the fuel of the future," said Marcelo Cordaro, COO of Acelen Renewables.
About Honeywell
Honeywell is an integrated operating
company serving a broad range of industries and geographies around
the world. Our business is aligned with three powerful megatrends –
automation, the future of aviation and energy transition –
underpinned by our Honeywell Accelerator operating system and
Honeywell Connected Enterprise integrated software platform. As a
trusted partner, we help organizations solve the world's toughest,
most complex challenges, providing actionable solutions and
innovations through our Aerospace Technologies, Industrial
Automation, Building Automation and Energy and Sustainability
Solutions business segments that help make the world smarter, safer
and more sustainable. For more news and information on Honeywell,
please visit www.honeywell.com/newsroom.
About Acelen Renewables
Acelen Renewables is a
renewable energy company owned by Mubadala Capital, a global asset
management company based in Abu
Dhabi, UAE. It was created to actively participate in the
global energy transition. Learn more at acelenrenewables.com
1 GHG reductions are based on LCA analyses conducted
at Michigan Technological University
under the direction of Dr. David
Shonnard.
Contact:
Whitney Ellis
whitney.ellis@honeywell.com
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SOURCE Honeywell