Acelen Renewables Selects Honeywell For SAF And Renewable Diesel Fuel Production
Portfolio Pulse from Benzinga Newsdesk
Honeywell (NASDAQ:HON) has been selected by Acelen Renewables to provide its Ecofining technology for the production of sustainable aviation fuel (SAF) and renewable diesel. Acelen's facility in Brazil aims to produce 20,000 barrels per day of these fuels using waste oils. This marks the 50th license of Honeywell's renewable fuel technology, reflecting the growing demand for renewable fuels and Honeywell's leadership in the sector. The technology supports decarbonization efforts in line with global initiatives such as the SAF Grand Challenge and the Inflation Reduction Act in the U.S., and the 'Fit for 55' package in Europe.
January 24, 2024 | 1:03 pm
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Honeywell's renewable fuel technology, Ecofining, has been licensed by Acelen Renewables for SAF and renewable diesel production, highlighting Honeywell's significant role in the renewable energy sector and its contribution to global decarbonization efforts.
The licensing of Honeywell's Ecofining technology to Acelen Renewables for the production of renewable fuels is a positive development for Honeywell, indicating a growing demand for its renewable fuel processing solutions. This agreement is likely to be viewed favorably by investors, as it not only represents the 50th license of Honeywell's technology but also aligns with global decarbonization initiatives, potentially leading to increased demand and future growth opportunities for Honeywell in the renewable energy sector.
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