Latest news with #FischerTropsch
Yahoo
4 hours ago
- Business
- Yahoo
Honeywell's SAF Alliance Targets Massive Renewable Output To Power 100,000 Homes
Honeywell International Inc. (NASDAQ:HON) disclosed a strategic technology alliance with Johnson Matthey, GIDARA Energy, and SAMSUNG E&A to deliver a comprehensive global solution for producing sustainable aviation fuel (SAF) from biomass and municipal solid waste. This collaboration combines each company's specialized expertise to offer an integrated, end-to-end approach that simplifies the entire SAF value chain, from feedstock sourcing to fuel production. Through this collaboration, the companies intend to launch a unified technology solution based on the Fischer-Tropsch (FT) process, designed to expand access to widely available feedstocks and address the rising global demand for sustainable aviation fuel (SAF).This joint approach will streamline project execution by offering customers a single point of accountability, helping to accelerate timelines and ensure consistent communication, coordination, and performance guarantees across the entire SAF production chain. The integrated and modular solution is expected to reduce the time from feasibility study to facility startup by over 15% and decrease capital expenditures by up to 10%. The company said that this non-exclusive solution is designed for customers seeking a full-service offering and incorporates GIDARA Energy's expertise in gasification and syngas production to transform feedstock, Johnson Matthey's advanced catalyst technologies for converting syngas into fuels, Honeywell's process technology and digital automation capabilities, and SAMSUNG E&A's global proficiency in engineering, procurement, construction, and project execution management. Ken West, President and CEO, Honeywell Energy and Sustainability Solutions said, "As demand for SAF increases, the technology to expand available feedstock options becomes increasingly vital. This comprehensive alliance provides refiners with a strategic approach to quickly execute their vision." Maurits van Tol, CEO of Catalyst Technologies, Johnson Matthey added, "The alliance targets the common challenges faced by SAF producers and offers a new way forward with greater speed and lower capital expense cost. Bringing such leading expertise together is critical in supporting our customers to reach the final investment decision on their projects and can help accelerate the deployment of SAF worldwide," In May, Honeywell disclosed a deal to acquire Johnson Matthey's Catalyst Technologies division in an all-cash deal valued at 1.8 billion pounds ($2.4 billion). The purchase price represents roughly 11 times the projected 2025 EBITDA, factoring in tax advantages and anticipated cost synergies. Investors can gain exposure to the stock via Themes Transatlantic Defense ETF (NASDAQ:NATO) and Gabelli Commercial Aerospace and Defense ETF (NYSE:GCAD). Price Action: HON shares traded lower by 0.08% to $227.26 premarket at the last check Thursday. Read Next:Photo via Shutterstock Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? HONEYWELL INTL (HON): Free Stock Analysis Report This article Honeywell's SAF Alliance Targets Massive Renewable Output To Power 100,000 Homes originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Bloomberg
4 days ago
- Business
- Bloomberg
China's Coal Industry Has a Big, Dirty Secret
Exactly a century ago, two German chemists patented a process to transform coal into liquid fuels. Following its discovery in 1925, the Fischer-Tropsch synthesis eventually became infamous: The Nazis used it to fuel their war machine, and apartheid South Africa turned to it to offset the impact of an oil embargo in the 1980s. Its last — and huge — user is China. Largely unnoticed, the size of this obscure corner of the Chinese coal industry has reached gargantuan proportions: It consumes about 380 million metric tons of coal as a feedstock for chemical and liquid fuel production, according to the International Energy Agency. To understand its size better, it helps to think about the segment as if it were a country. As such, it would rank as the world's third-largest consumer, only behind the rest of the Chinese coal sector and India, but ahead of the US, Japan and other top coal-consuming nations like Indonesia and Turkey. It's not a little dirty secret — it's a big one, with significant implications for global climate and energy policy. The longer China remains addicted to coal, the more difficult it will be to decrease carbon dioxide emissions. Despite its huge progress in green energy, from electric cars to solar panels, the Asian giant consumes more coal than every other country on the planet combined. Crucially, the Chinese coal-conversion industry is set to expand even further, potentially offsetting declines elsewhere in the country, including a reduction in coal demand to produce cement and steel. 'We expect a growth between 5% and 10% in the coming years,' Carlos Fernandez Alvarez, head of coal at the IEA, tells me. Unfortunately, the sector is a black hole, as China publishes scant statistical information about it. For decades, China has converted some of its coal into chemical products and liquid fuels in what scholars call the 'traditional' coal chemical industry. The starting point was almost always metallurgical coal, converted into coke, and further transformed into ammonia-based fertilizers and acetylene-based chemicals. Yet over the last two decades, China has built a second layer, typically referred to as the 'modern' coal chemical industry, based on new variations of the old Fischer-Tropsch process plus sophisticated new methods, including methanol synthesis to produce petrochemical goods, such as olefins, used in turn to make plastics. The modern part of that processing was largely experimental in the early 2000s. Commercial-scale projects mushroomed in the 2010s, and, after a brief hiatus, more have emerged in recent years, particularly in the Chinese heartland, where the bulk of the country's coal fields are located far from coastal cities. By now, its scale — which dwarfs all other countries' coal-to-chemicals production — and growth is surprising even veteran industry observers. Look at some modernized plants and coal is nowhere to be seen: It's mined underground almost directly beneath the chemical facilities, carried by conveyor into the furnaces where it's gasified and transformed. From there, it goes into your plastic water bottle or synthetic fabric clothes. 1
