Focus on biofuels derived from second-generation feedstocks that do not compete for food and water resources
DES PLAINES, Ill. and PHOENIX, May 15, 2008 — Honeywell (NYSE: HON) announced today that UOP LLC, a Honeywell company, and Honeywell Aerospace will partner with Airbus, JetBlue Airways, and International Aero Engines to study sustainable biofuel use for commercial aircraft.
The effort will focus on developing and testing renewable energy technology to convert biofeedstocks to commercial aviation fuels with specific focus on “second-generation” feedstocks such as algae, which do not compete with food or water resources.
“Biofuels hold tremendous potential to meet growing fuel demand while reducing lifecycle greenhouse gas emissions,” said Jennifer Holmgren, director of the Renewable Energy and Chemicals business for UOP. “This partnership brings together a range of aviation and process technology expertise to study and verify the best path toward sustainable use of biofuels in aviation.” UOP, a leading developer of refining technology, has already developed process technology to convert natural oils and greases to military jet fuel as part of a project funded by the U.S. Defense Advanced Research Projects Agency (DARPA). The process technology produces “green” jet fuel that is a drop-in replacement for traditional kerosene-based jet fuel and meets all the critical performance specifications for flight. This technology will also be viable for use in the production of jet fuel for commercial jets. UOP is developing a range of biofuels technologies in addition to jet fuel and has already commercialized the UOP/Eni EcofiningTM Process to produce green diesel from biofeedstocks.
Honeywell Aerospace brings expertise in engine technology for commercial aircraft that are setting the standards in low emissions and exceptional fuel efficiency, including a wide range of auxiliary power units for Airbus aircraft.
“Honeywell is working alongside key customers to find innovative solutions to meet passenger and operator demands for higher standards in reducing greenhouse gas emissions,” said Greg Albert, Honeywell Aerospace Vice President for Airbus programs. “We believe this joint effort, along with Honeywell’s advanced technology solutions in Air Traffic Management, have the potential to significantly decrease pollutants.” Honeywell International is a $37 billion diversified technology and manufacturing leader, serving customers worldwide with aerospace products and services; control technologies for buildings, homes and industry; automotive products; turbochargers; and specialty materials. Based in Morris Township, N.J., Honeywell’s shares are traded on the New York, London and Chicago Stock Exchanges. For additional information, please visit www.honeywell.com.
UOP LLC, headquartered in Des Plaines, Illinois, USA, is a leading international supplier and licensor of process technology, catalysts, adsorbents, process plants, and consulting services to the petroleum refining, petrochemical, and gas processing industries. UOP is a wholly-owned subsidiary of Honeywell International, Inc. and is part of Honeywell’s Specialty Materials strategic business group. For more information, go to www.uop.com.
Based in Phoenix, Honeywell’s $12 billion aerospace business is a leading global provider of integrated avionics, engines, systems and service solutions for aircraft manufacturers, airlines, business and general aviation, military, space and airport operations.
This release contains “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of fact, that address activities, events or developments that we or our management intend, expect, project, believe or anticipate will or may occur in the future are forward-looking statements.
Forward-looking statements are based on management’s assumptions and assessments in light of past experience and trends, current conditions, expected future developments and other relevant factors. They are not guarantees of future performance, and actual results, developments and business decisions may differ from those envisaged by our forwardlooking statements. Our forward-looking statements are also subject to risks and uncertainties, which can affect our performance in both the near- and long-term. We identify the principal risks and uncertainties that affect our performance in our Form 10-K and other filings with the Securities and Exchange Commission.