With the help of Honeywell’s technology, the US can reduce the cost of producing sustainable aviation fuel (SAF). Given that other forms of power cannot easily substitute fuel, the aviation industry is regarded as one of the most challenging to decarbonise. Oil refiners have been striving to produce more SAF to reduce emissions.

Kevin O’Neil, senior business leader for renewable fuels at Honeywell UOP, said, “As demand for SAF has increased, we’ve been looking at different ways to make more SAF economically that people can adopt and adapt at large scale and produce to displace sizable portions of the jet and diesel pools.”

Depending on the type of ethanol feedstock utilised, Honeywell claims that its method can reduce greenhouse gas emissions from jet fuel made from petroleum by 80% throughout its entire lifecycle. In the US, corn is primarily used to produce ethanol.

According to Honeywell’s news announcement, SAF facilities using Honeywell’s technology can be modularised offshore, resulting in reduced costs and quicker, less labour-intensive installation.

Companies can create new SAF capacity using this method more than a year faster than they could with conventional construction.

The report states that the new technology would also make it possible for fuel manufacturers and oil refiners to turn existing or new facilities into SAF production facilities.

The Biden administration started working on increasing output in September 2021 to have enough SAF by 2050 “to fulfill 100% of aviation fuel demand, currently anticipated to be roughly 35 billion gallons per year.”

Demand for SAF feedstocks will also probably increase due to the recent Inflation Reduction Act, a climate bill with incentives for low-carbon fuels.

Many manufacturers have opted to create sustainable aviation fuel using lower carbon-intensity feedstocks, like grease and animal fat.

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The report observes that the increase in biodiesel prices has already led to YPF to increase its prices 2.9 percent. YPF is an Argentine energy company focused on oil and gas exploration and production. The increase in YPF prices was effective from January 5. The Argentine company is heavily reliant on diesel and gasoline fuels to finance upstream operations. 

Biodiesel in Argentina is made from soy oil. Its price jumped an initial 59.3 percent to $911.64 in January. This is up from Peso 48,533/mt in October-December 2020, according to Argentina’s Energy Secretariat in a resolution published in January. 

It is reported that oil refiners will only have to mix 5 percent in January, which is half of the previous requirement. The mix is estimated to increase to 6.75 percent in February and 8.4 percent in March, before a rebound to 10 percent in April. 

Argentina is one of the largest producers of biodiesel in the world. It has an installed capacity of 4.5 million mt per year. However, the production capacity dropped last year, as the lockdown period between March to November reduced domestic consumption of diesel. Additionally, export levels were also lowered due to slow economic activities.

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