Press release
Acelen Renewables Selects Honeywell for SAF and Renewable Diesel Fuel Production
Honeywell now surpasses 50 licenses for its renewable fuel processing solutions CHARLOTTE, N.C., Jan. 24, 2024 /PRNewswire/ -- Honeywell (Nasdaq: HON)
About this update from Honeywell International Inc.
[{"type":"text","content":"Honeywell now surpasses 50 licenses for its renewable fuel processing solutions\nCHARLOTTE, 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.\n\n \n \n \n \n \n \n\n \nHoneywell'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.\nOver 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.\n\"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.\"\nAcelen Renewables joins a roster of companies around the world currently licensing Honeywell's renewable fuels technology, including BP, CVR Energy, Diamond Green Diesel, Eni, Rep...