Honeywell Unveils UOP eFining

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Honeywell (NASDAQ:HON) today announced its innovative, new, UOP eFining™ technology, a ready-now solution for producing low-carbon sustainable aviation fuel (SAF). HIF Global, the world's leading eFuels company, intends to deploy the new technology to produce eSAF at its second U.S. eFuels facility.

eFuels, also known as electrofuels, are a class of synthetic fuels that can replace conventionally produced fossil fuels. eFuels combine green hydrogen (i.e., hydrogen produced in electrolyzers from renewable energy and water) and carbon dioxide (CO₂) to produce eMethanol, which can then be converted to a wide range of sustainable fuels, including eSAF, eGasoline, and eDiesel.

Honeywell's UOP eFining is a methanol to jet fuel (MTJ) processing technology that can convert eMethanol to eSAF reliably and at scale. The technology is efficient, resulting in high-yield eSAF production at a lower cost relative to comparable technologies. Honeywell UOP eFining can reduce greenhouse gas (GHG) emissions by 88% compared to conventional jet fuel¹. When blended with conventional jet fuel, eSAF is a drop-in replacement fuel that requires no changes to aircraft technology or fuel infrastructure.

"As a leader in renewable fuel technology, Honeywell recognizes that creating technologies that use new feedstocks is vital to long-term decarbonization of the aviation sector," said Lucian Boldea, president and CEO of Honeywell Performance Materials and Technologies. "The ability to use readily abundant CO₂ to produce SAF is a transformational opportunity for this market. Adding UOP eFining™ to our existing Ecofining and ethanol to jet technologies, Honeywell now offers multiple routes to market to meet the rapidly growing demand for renewable fuels including SAF."

"United strongly supports the development of new technologies that can help bring additional quantities of SAF to market," said United Airlines Ventures President Michael Leskinen. "Using green H₂ and CO₂ to produce eSAF has the potential to dramatically increase the volume of SAF required to enable the aviation industry to reach its decarbonization goals in a timelier manner. United is proud to be the first airline to use SAF in regular operations and increasing our SAF consumption is essential to meeting our commitment to reach net-zero carbon emissions by 2050, without relying on traditional carbon offsets."

HIF Global is the first customer to sign a commercial agreement for the production of eSAF using Honeywell UOP eFining™. HIF expects to deploy the solution at its second commercial-scale eFuels facility in the U.S. The HIF eSAF project is expected to be the world's largest eSAF facility, recycling approximately 2 million tons of captured CO₂ to make approximately 11,000 barrels per day of eSAF by 2030.

Renato Pereira, CEO of HIF USA added, "Honeywell and HIF Global together will transform recycled CO₂ into a useful feedstock to replace fossil fuels in the very hard to abate aviation sector. At HIF Global, we view Honeywell's UOP eFining technology as the new frontier in sustainable aviation fuels and we look forward to deploying it to decarbonize over 12 billion air passenger miles per year²."

Demand for SAF continues to grow. In 2021, the Biden Administration announced its Sustainable Aviation Fuel Grand Challenge for the U.S. aviation fuel supply sector to produce at least three billion gallons of SAF per year by 2030 and reduce emissions from aviation by 20%, with an eventual goal of meeting 100% of U.S. aviation fuel demand with SAF by 2050. The European Council released its ReFuelEU Aviation rules as part of the 'Fit for 55' package, which aim to increase the share of sustainable fuels at EU airports from a minimum of 2% in 2025 to 70% by 2050, with an additional subtarget for eSAF of 1.2% by 2030 and 35% in 2050. These and other incentives, including the Inflation Reduction Act, are intended to accelerate commercialization of technologies like Honeywell UOP eFining to help meet the growing demand for SAF.

Honeywell's UOP eFining™ technology offers a highly integrated design that can process flexible feedstocks using commercially proven processes, resulting in operational reliability, minimized capital expenditures, and low energy intensity. Honeywell's eFining™ is the latest technology in a line of offerings that are driving the decarbonization of the aviation sector. The company offers multiple routes to market using a variety of feedstocks, including Ecofining™ technology which uses fats, oils and greases and the recently launched ethanol to jet technology.

Honeywell is committed to achieving carbon neutrality in its operations and facilities by 2035. This commitment builds on the company's track record of sharply reducing the greenhouse gas intensity of its operations and facilities as well as its decades-long history of innovation to help its customers meet their environmental and social goals. About 60% of Honeywell's new product introduction research and development investment is directed toward products that improve environmental and social outcomes for customers.