United and Honeywell have announced a joint
multimillion-dollar investment in Alder Fuel which is a cleantech company that
is trying to produce sustainable aviation fuel (SAF) by using biomass and other
Alder will also use forest and crop waste,
drop-in replacement crude oil, and sustainable low-carbon that can be used to
produce aviation fuel. According to the terms and conditions of the agreement,
United has to purchase 1.5 billion gallons of SAF from Alder. According to
Scott Kirby, CEO, United, since the time United has announced green commitment,
it is focused on decarbonizing without relying on the use of traditional
carbon. He also said that this commitment also means that SAF usage and
availability will also increase as it is the fastest way to reduce emissions.
As per Darius Adamczyk, Chairman and Chief
Executive Officer, Honeywell, as Honeywell is a pioneer of the SAF
market with UOP Ecofining™ technology, its work is to help transform the
industry as well as the growth of a zero-carbon economy while working with both
United and Alder.
As per Bryan Sherbacow, CEO, Alder Fuels
and senior advisor to World Energy, the greatest technology challenges are
faced by Aviation in terms of addressing climate change and SAF. But to meet
this demand, the raw material is insufficient.
Source – Press release of "Honeywell"
Image Source: Press
release of "Honeywell"