Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Silk Road Database
Company

Honeywell to explore China's SAF market: senior executive

April 26, 2023


Abstract : Honeywell, a U.S. industrial conglomerate, will join hands with local partners to explore the great market opportunities in China's sustainable aviation fuel (SAF) sector, according to a senior executive with the company.

This photo taken on July 18, 2022 shows C919 jets in Pucheng County, northwest China's Shaanxi Province. The C919 is China's first homegrown large jetliner. (Xinhua/Ding Ting)

BEIJING, April 26 (Xinhua) -- Honeywell, a U.S. industrial conglomerate, will join hands with local partners to explore the great market opportunities in China's sustainable aviation fuel (SAF) sector, according to a senior executive with the company.

"China's low-carbon transformation creates opportunities for the innovation and application of sustainable technologies," said Henry Liu, vice president and general manager of Honeywell Performance Materials and Technologies Asia Pacific.

He said that Honeywell has launched its new SAF process technology and solution in China.

"We value China's low-carbon transformation as a key direction, and hope to find better business paths and platforms here," Liu said.

The company has recently signed multiple memorandums of understanding with local partners to boost SAF technological development and production at various sites across China, according to Liu.

Among them, Honeywell and Tianjin Free Trade Zone have agreed to jointly explore opportunities for SAF production in north China's Tianjin Municipality, combining the city's location and industrial advantages with Honeywell's ready-now technology and equipment.

These intensive moves demonstrate the company's confidence in the Chinese market, and will help meet China's growing market demand for SAF and other technologies in the country's green transition, according to Liu.

In September last year, Honeywell announced its cooperation with Zhejiang Jiaao Enprotech Stock Co., Ltd. to build an SAF production facility in Lianyungang City, east China's Jiangsu Province. The facility will produce SAF by making use of kitchen waste oil and animal fat as the main raw materials.

Compared with traditional fuels, using kitchen waste oil and animal fat as raw materials can greatly reduce greenhouse gas emissions.

"China provides a suitable place to apply many of our pioneering technologies and solutions, and allows these technical routes to be verified," Liu said.

"Our implementation in the Chinese market will also provide a strong reference point for other markets, helping to increase the confidence and impetus of technology application globally," he added. 

Scan the QR code and push it to your mobile phone

Keyword: SAF market

Reading:

China issues guidelines to stabilize scale, optimize structure of foreign trade

China realizes unified registration of immovable property

China's gold output up 1.88 pct in Q1

Baltic Exchange releases weekly shipping market report

More China-Portugal cooperation in solar energy expected, says expert

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial