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Honeywell Launches New SAF Process Technology and Signs Cooperation Agreements in China

BusinessHoneywell Launches New SAF Process Technology and Signs Cooperation Agreements in China

US-based industrial conglomerate, Honeywell, is gearing up to expand its business in the sustainable aviation fuel (SAF) sector in China as the country transitions to a low-carbon economy. The aviation and chemical sectors, which generate high greenhouse gas emissions, have huge potential for growth in China as it aims to achieve carbon neutrality. According to Henry Liu, Vice President and General Manager of Honeywell Performance Materials and Technologies Asia-Pacific, the SAF industry in China is expected to accelerate the country’s green transition, and the company plans to cooperate with local partners to reduce carbon emissions in the aviation industry. Honeywell launched its new SAF process technology in China and signed several cooperation agreements with local partners at a summit in Tianjin, including the Zhejiang Jiaao Enprotech Stock Co Ltd, Inner Mongolia Jiutai New Material Co Ltd, Qingdao Haier Air-condition Electronic Co Ltd, and Shanghai Hanbell Precise Machinery Co Ltd. The company also signed an MOU with the Tianjin Free Trade Zone to explore cooperation opportunities to build a SAF production base in the city. The International Air Transport Association estimates that SAF could contribute up to 65% of the emissions reduction needed by the aviation industry to reach net-zero emissions by 2050.

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