This renewable diesel, which UOP calls Honeywell Green Diesel™, offers a lifecycle reduction in greenhouse gas emissions of as much as 80 percent compared with diesel derived from petroleum. It also offers high energy density and excellent performance at cold or warm temperatures. The fuel can be used as a high-quality blending stock for refiners seeking to enhance or expand their diesel pool.
Eni will produce more than 100 million gallons per year of renewable diesel at its Venice facility beginning in 2014. In addition to technology licensing, Honeywell's UOP and its affiliates will provide basic engineering, specialty equipment and training for the project.
Honeywell's UOP and Eni jointly developed the UOP/Eni Ecofining process, which uses hydroprocessing technology to convert non-edible natural oils and animal fats to a fully fungible renewable diesel. The fuel offers improved performance over biodiesel and petroleum-based diesel, including a high cetane value of 80 compared with a cetane range of 40 to 60 found in diesel at the pump today. Cetane value is the measure of the combustion quality of diesel. Higher cetane values help diesel engines operate more effectively.
In addition to the UOP/Eni Ecofining technology, since launching its renewable energy and chemicals business, Honeywell's UOP commercialized the UOP Renewable Jet Fuel Process under a contract with the U.S. Defense Advanced Research Projects Agency (DARPA) to produce Honeywell Green Jet Fuel™ for the U.S. military.Honeywell's UOP partnered with Ensyn Corp. to form a joint venture, Envergent Technologies LLC, to offer RTP ™ rapid thermal processing technology and equipment for the production of renewable heat, power and transportation fuels. RTP technology is currently in use in seven commercial biomass processing plants in the U.S. and Canada. Eni S.p.A. is an integrated energy company, operating in the oil and gas, petrochemicals, and electricity generation markets. Based in Rome, the company operates in 85 countries around the world. 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 Performance Materials and Technologies strategic business group. For more information, go to www.uop.com. Honeywell ( www.honeywell.com) is a Fortune 100 diversified technology and manufacturing leader, serving customers worldwide with aerospace products and services; control technologies for buildings, homes and industry; turbochargers; and performance materials. Based in Morris Township, N.J., Honeywell's shares are traded on the New York, London, and Chicago Stock Exchanges. For more news and information on Honeywell, please visit www.honeywellnow.com. 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 forward-looking 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. SOURCE Honeywell
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