--Honeywell launches new sustainable aviation fuel technology that can reduce greenhouse gas emissions by 88%

CHARLOTTE, North Carolina, USA, May 11, 2023-Honeywell (Nasdaq: HON) today announced the launch of innovative UOP eRefining ™ technology, a proven solution for the production of low-carbon sustainable aviation fuels (SAF). Leading synthetic fuel manufacturer HIF Global plans to deploy the technology at its U.S. facility to produce eSAF, electronic sustainable aviation fuel. The project is expected to become one of the largest eSAF production facilities in the world.

eFuels, or e-fuel, is a synthetic fuel that can replace traditional fossil fuels. It is produced by synthesizing green hydrogen (produced by electrolysis of water by driving an electrolysis cell by renewable energy power generation) with carbon dioxide to synthesize eMethanol (e-methanol), and can be further converted into a variety of sustainable fuels, including eSAF, eGasoline (e-gasoline) and eDiesel (e-diesel).

Honeywell UOP eRefining ™ is a methanol-to-aviation fuel (MTJ) process technology that reliably converts eMethanol to eSAF on a large scale. Compared to other comparable technologies, this technology can efficiently achieve high-yield, low-cost eSAF production. Compared to traditional aviation fuels, Honeywell UOP is used eSAF produced by the eFiningTM process reduces greenhouse gas emissions by 88%. eSAF can be blended with traditional aviation fuels and used as a direct alternative to petroleum-based aviation fuels without any changes to aircraft technology or fuel infrastructure.

HIF Global is the first customer to sign up with Honeywell to use UOP eFining™ technology to produce eSAF, and the company plans to deploy UOP eFining™ solutions at its second commercial eFuels plant in the United States. By 2030, the eSAF project is expected to recycle approximately 2 million tons of captured carbon dioxide per day and produce approximately 11,000 barrels of eSAF, making it expected to become one of the largest eSAF production facilities in the world.

1 Greenhouse gas emission reduction data is based on UOP carbon intensity analysis. The analysis stems from a third-party study on the use of carbon dioxide and green hydrogen captured during biomass processing to produce biomass methanol and compare it with the carbon intensity of fossil fuels.

2 Air mileage is based on data from a fully seated Boeing 777- 300ER passenger aircraft with a flight path of 3,000 miles.