Latest news with #biomass

Honeywell's SAF Alliance Targets Massive Renewable Output To Power 100,000 Homes

Yahoo

5 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

Calls for Drax to be forced to fully disclose its biomass sourcing

The Guardian

4 days ago

Business
The Guardian

Calls for Drax to be forced to fully disclose its biomass sourcing

The owner of the Drax wood-burning power station should be forced to disclose full details of its tree consumption, campaigners have argued, as MPs review the billions in renewables subsidies the North Yorkshire plant receives. A delegated legislation committee will decide on Monday whether to pass the government's plans to extend billpayer-funded subsidies to the country's biomass power generators, of which Drax is by far the biggest. Green campaigners said a condition of any extension should be that Drax published a key report by KPMG into its operations and sourcing. Reports by the auditor have been provided to the government and the energy regulator Ofgem but not the public. Ofgem has said KPMG shows Drax has not breached rules on sourcing trees for burning from environmentally sustainable forests. However, in separate incidents, Drax had been found to have supplied inaccurate data for subsidies in the past, leading to a £25m fine. Media investigations also found Drax using wood from old-growth forests in the US. Drax is expected to receive more than £10bn in renewable energy subsidies between 2012 and 2027, the current regime period, according to the thinktank Ember. Kingsmill Bond, an energy strategist at Ember, said: 'Burning trees for electricity is extremely inefficient and expensive, and is not effective at mitigating climate change. 'The collapse in the price of solar, wind and batteries in the last five years means that burning trees for electricity is now an obsolete technology. Before we pour any more subsidy into Drax, MPs need to see the KMPG report on where the wood has been coming from.' The government plans to halve the subsidies available for biomass power generation under a revised regime from 2027. MPs on the delegated legislation committee are expected to vote on Monday on the statutory instrument enabling this. Almuth Ernsting, the co-director of the campaign group Biofuelwatch, said: 'If those subsidies are approved, it would result in more carbon emissions, more destructive logging of wildlife-rich forests in the south-eastern US and elsewhere, and more pollution suffered by communities living next to pellet plants in that region – pollution which community activists have denounced as 'environmental racism'.' Mark Campanale, the founder of the Carbon Tracker Initiative, added: 'At a time when renewables powered by wind, solar with back up batteries are growing exponentially around the world, it seems remarkable that the UK still needs to rely on dirty combustion like Drax to reach its climate targets. Instead of importing and burning wood, with all its associated emissions, the UK should be doubling down on natural sources of energy available to us, wind and solar.' A spokesperson for Drax said: 'In their investigation Ofgem found no evidence that our biomass failed to meet the sustainability criteria of the RO [renewable obligation] scheme, nor that the ROCs [renewable obligation certificates] we received for the renewable power we produced had been provided incorrectly. 'Their new statement on the reports we commissioned from KPMG, as well as the prior comments in a public accounts committee hearing by Ofgem's director of audit and compliance, confirm that they reviewed these documents as part of their investigation and found no evidence within them that we were in breach of our sustainability obligations and therefore wrong to receive RO funding.' The spokesperson added: 'Drax provides secure renewable power to millions of homes and businesses when they need it, not just when the wind is blowing, or the sun is shining. The science underpinning biomass generation is supported by the world's leading climate experts, including the UN's Intergovernmental Panel on Climate Change and the UK's Climate Change Committee.' A spokesperson for the Department for Energy Security and Net Zero said: 'We are halving the amount of support for Drax, saving money on people's energy bills and contributing to our energy security. Drax will operate for less of the time under a clean power system and will need to use 100% sustainably sourced biomass, with not a penny of subsidy paid for anything less.' The Guardian understands there would be substantial penalties for any breach of the sustainability criteria.

Ontario funds five northern biomass initiatives

CTV News

23-05-2025

Business
CTV News

Ontario funds five northern biomass initiatives

Ontario invests $11.3 million in biomass projects, including Millson Forestry and GreenFirst, to repurpose wood waste and boost forestry sustainability.

Yahoo

22-05-2025

Business
Yahoo

Kuantum Papers Ltd (BOM:532937) Q4 2025 Earnings Call Highlights: Navigating Challenges with ...

Release Date: May 21, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Kuantum Papers Ltd (BOM:532937) maintained its sales and production volume in FY25 despite lower realizations. The company achieved the highest ever biomass usage at 48%, reflecting a commitment to greener operations. Significant progress in Project Nirman aimed at enhancing operational excellence through Industry 4.0 tools and automation. Mill expansion and upgradation project is on track, with purchase orders worth approximately 540 crores already issued. Development of a new copier grade paper using a higher proportion of agro pulp, aligning with sustainable manufacturing goals. The Indian paper industry faces strong headwinds due to rising raw material costs and cheaper imports from China and ASEAN countries. Operational income for Q4 declined by 7% year-on-year, and net profit decreased by 23% year-on-year. The company reported a 9% decline in operational income for the financial year ending 2025 compared to the previous year. Margins were pressured due to lower realizations and increased raw material costs. The company faces competition from the MDF industry for raw material procurement, contributing to increased wood pricing. Warning! GuruFocus has detected 3 Warning Sign with BOM:532937. Q: How is Kuantum Papers addressing environmental concerns related to water usage in paper manufacturing? A: Mr. Bhavan Kean, Vice Chairman and Managing Director, explained that while paper manufacturing does consume water, Kuantum Papers treats this water in state-of-the-art treatment plants and provides it to surrounding villages for irrigation. The company has also reduced groundwater usage by sourcing water from a nearby dam, thus mitigating environmental impact. Q: Is there any restatement of previous quarters' volume numbers? A: Mr. Vikram Keta, Chief Financial Officer, clarified that previous reports included byproducts like pulp in sales figures. Moving forward, only paper sales will be reported, which explains the apparent decline in volume. Q: What is the outlook for writing and printing paper prices in the short term? A: Mr. Bhavan Kean indicated that prices are expected to increase due to rising international wood prices and recent increases in board paper prices. A 6-7% price increase is anticipated, which would benefit the industry. Q: How will Kuantum Papers utilize its expanded capacity post-March 2026? A: The company plans to commission upgrades to its paper machines by March 2026, with full capacity utilization expected by the 2026-27 financial year. The existing dealer network is expected to absorb the increased production. Q: What is the company's stance on dividend policy and potential entry into new segments like molded cutlery? A: While there is no concrete dividend policy, the board is aware of the need to provide returns to investors. Currently, the focus is on completing the ongoing CapEx projects, and there are no immediate plans to enter new segments like molded cutlery. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.

Province funds forestry biomass projects to boost sustainability