To meet the rapidly expanding demand for renewable fuels, Honeywell offers multiple routes to market by combining UOP eFining with Ecofining and ethanol to jet technologies.
Honeywell International (NASDAQ: HON) has discovered a way to transform biomass-based feedstocks into jet engine fuel. They have unveiled their UOP eFining Technology, which creates low-carbon sustainable aviation fuel.
Synthetic fuels like eFuels, also known as electrofuels, are made by combining green hydrogen with carbon dioxide to produce eMethanol, which can be converted into environmentally friendly fuels such as eSAF, eGasoline, and eDiesel.
UOP eFining transforms eMethanol into eSAF, a green jet fuel. This technology is cost-effective when compared to competing technologies and is specifically made for the processing of methanol into jet fuel (MTJ). It can reliably and at scale produce high-yield eSAF.
When compared to conventional jet fuel, greenhouse gas (GHG) emissions can be cut by up to 88 percent by using Honeywell UOP eFining. Additionally, eSAF can be blended with regular jet engine fuel to create a drop-in replacement that doesn’t require changing the fuel infrastructure or technology of the aircraft.
Lucian Boldea, president and chief executive officer of Honeywell Performance Materials and Technologies, believes that using readily abundant CO2 to produce SAF is a transformational opportunity for the market.
To meet the rapidly expanding demand for renewable fuels, Honeywell offers multiple routes to market by combining UOP eFining with Ecofining and ethanol to jet technologies. Auxiliary power units, tiny jet engines that power the electrical and other systems on board aircraft, are another product that Honeywell offers and is a significant supplier of aircraft avionics.
With Honeywell, HIF Global has entered a business agreement for the production of eSAF using UOP eFining technology. With a projected output of 11,000 barrels per day by 2030, this project is on track to become the largest eSAF production facility in the world. The project anticipates producing 11,000 barrels per day and aims to recycle 2 million tonnes of CO2 that have been captured.
The demand for sustainable aviation fuel is rising as more governments and organisations pledge to reduce greenhouse gas emissions from the aviation industry. For instance, the US Biden Administration launched the Sustainable Aviation Fuel Grand Challenge in 2021.
By 2030, it hopes to produce three billion gallons or more of SAF annually while reducing aviation emissions by 20%. It is planned to provide all of the US’s aviation fuel needs by 2050.
The “Fit for 55” package in Europe included the release of the ReFuelEU Aviation Regulations, which seek to increase the minimum share of sustainable fuels at EU airports to 2% by 2025 and 70% by 2050.
These goals are intended to hasten the commercialization of technologies like Honeywell UOP eFining to meet the rising demand for SAF, as well as other incentives like the Inflation Reduction Act.
Governments and organisations are making efforts to lower the aviation sector’s greenhouse gas emissions. A framework for the aviation fuel supply sector’s production of more sustainably sourced aviation fuel is provided by incentives and regulations like those announced by the Biden Administration and European Council.
A cutting-edge technology called Honeywell UOP eFining will be essential to achieving these goals and guaranteeing the future viability of air travel. On Wednesday, Honeywell’s stock increased 0.1% to close at $197.34.