- Companies to scale the commercialization of Honeywell technologies for efficient chemical production and advanced biofuels

Honeywell (Nasdaq: HON) and Repsol announced a collaboration to create new production pathways for biofuels and circular materials. The two will also explore the possible integration of these methods into Repsol’s existing facilities.

The companies plan to scale and commercialize Honeywell's technologies, which use various wastes like fats, oils, greases, biomass and solids for chemical production and renewable fuels at Repsol’s refineries. Their goal is to produce different biofuels, including sustainable aviation fuel (SAF) and renewable diesel, while making use of existing refinery assets. This collaboration supports the alignment of Honeywell’s portfolio with the energy transition megatrend.

"As a global leader in sustainable fuel technologies, we seek collaborations to provide innovative solutions that help our customers and stakeholders to reduce carbon and greenhouse gas emissions through biofuel production." said Bryan Glover, Chief Growth Officer and CTO of Honeywell Energy and Sustainability Solutions. "Our collaboration with Repsol illustrates how Honeywell can apply new technologies to reduce carbon emissions while producing biofuels and advanced materials leveraging current refinery infrastructure."

The multi-energy company is also analyzing the deployment of Honeywell's UpCycle Process Technology, which turns waste plastic into Honeywell Recycled Polymer Feedstock for new plastics. It can recycle diverse plastics like colored, flexible, multilayered packaging and polystyrene. When used in conjunction with other chemical and mechanical recycling processes - along with improvements to collection and sorting - Honeywell's UpCycle Process Technology has the potential to help create the capability to recycle nearly 90% of waste plastics. This would represent a considerable increase in the amount of waste plastics that can be turned into polymer feedstock.(1)

"Renewable fuels and plastics recycling are crucial to Repsol’s commitment to achieve net zero emissions by 2050,” said Berta Cabello, Repsol’s Director of Renewable Fuels. “Our collaboration with Honeywell to advance and adopt cutting-edge technologies will help us reduce our carbon footprint and become a benchmark in renewable fuels and hydrogen production by 2030."

The two companies have a history of successful cooperation in various areas, such as licensing and developing petrochemical units, catalysts, technical support and troubleshooting, digitalization and technology. In 2023, Repsol selected Honeywell’s Ecofining™ technology to make renewable fuels from sources like used cooking oil and waste animal fat at its plant in Puertollano, Spain. This technology was developed and commercialized jointly by Honeywell in collaboration with ENI S.p.A. Repsol is building this plant to produce about 240,000 metric tons per annum of renewable diesel and other products.

(1) Assuming sorting and collection improves to recover most waste plastic, and chemical recycling, including Honeywell UOP UpCycle Process, is widely deployed. The 90 percent of waste plastics that could be recycled may change depending on the number of consumers or communities that have access to recycle waste plastics or the availability of recycle facilities. 2. Honeywell UOP analysis of US EPA Advancing Sustainable Materials Management: Facts and Figures 2018 and IHSMarkit 2019 world polymer consumption data.

About Honeywell

Honeywell is an integrated operating company serving a broad range of industries and geographies around the world. Our business is aligned with three powerful megatrends – automation, the future of aviation and energy transition – underpinned by our Honeywell Accelerator operating system and Honeywell Forge IoT platform. As a trusted partner, we help organizations solve the world's toughest, most complex challenges, providing actionable solutions and innovations through our Aerospace Technologies, Industrial Automation, Building Automation and Energy and Sustainability Solutions business segments that help make the world smarter, safer and more sustainable.

About Repsol

Repsol is a global multi-energy company that is leading the energy transition with its ambition of achieving zero net emissions by 2050. Present throughout the energy value chain, the company employs 24,000 people worldwide and distributes its products in nearly 100 countries to around 24 million customers.

To achieve zero net emissions by 2050, Repsol is deploying an integrated model of decarbonization technologies based on enhanced efficiency, increased renewable power generation capacity, production of low-carbon fuels, development of new customer solutions, the circular economy, and by driving breakthrough projects to reduce the industry’s carbon footprint.