Acelen Renewables Selects Honeywell for SAF and Renewable Diesel Fuel Production
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Insights
The licensing of Honeywell's Ecofining technology by Acelen Renewables reflects a significant trend in the energy sector towards sustainable fuel sources. The energy transition is being accelerated by global decarbonization policies and companies like Honeywell are at the forefront, providing key technologies to enable this shift. The demand for Honeywell's renewable fuel processing solutions is indicative of the broader market's shift to prioritize investments in clean energy technologies.
The licensing milestone of 50 sites demonstrates not only Honeywell's market penetration but also the scalability of its Ecofining technology. With eight facilities already operational and more than 40 expected by 2030, the potential increase in renewable fuel production capacity could substantially impact the supply chain and pricing dynamics within the sector. This increase aligns with international efforts such as the SAF Grand Challenge and legislative incentives like the SAF tax credit, which are designed to stimulate the production and adoption of sustainable aviation fuels.
Honeywell's achievement in surpassing 50 licenses for its renewable fuel processing solutions is a significant indicator of how environmental policies are influencing corporate strategies. The Ecofining technology's ability to convert waste fats, oils and greases into renewable diesel and sustainable aviation fuel (SAF) directly supports the reduction of greenhouse gas emissions, a critical goal outlined in international agreements and national policies.
By enabling up to 80% reduction in GHG emissions when blended with conventional jet fuel, Honeywell's technology is instrumental in helping the aviation industry approach its net-zero emissions target. This is particularly important given the industry's historically high carbon footprint and the challenges it faces in reducing emissions. The broader environmental impact of such technologies cannot be overstated, as they are essential in meeting global climate commitments and transitioning to a low-carbon economy.
The strategic partnership between Honeywell and Acelen Renewables underscores a growing market demand for renewable energy solutions, particularly in the aviation and transportation sectors. Honeywell's Ecofining technology is gaining traction due to its proven efficacy since 2013 and its alignment with market needs for sustainable alternatives to fossil fuels.
As an increasing number of facilities adopt this technology, there will likely be a positive impact on Honeywell's market share and revenue growth within the renewable energy sector. Furthermore, the geographic diversification of Honeywell's licenses, including Acelen's facility in Brazil, indicates the global reach and adaptability of the Ecofining process. This diversification reduces market concentration risk and positions Honeywell as a key player in the international renewable fuels market.
Honeywell now surpasses 50 licenses for its renewable fuel processing solutions
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
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
"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
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
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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FAQ
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