CVR Renewables, a subsidiary of CVR Energy, will look at the feasibility of developing a Ecofining™ plant that will convert around 30,000 barrels per day of waste feedstocks to sustainable aviation fuel (SAF), renewable diesel, and other products.
The renewables specialist will utilise Honeywell’s Ecofining™ technology in its evaluation of the project, located in Coffeyville, Kansas. If approved, the site will see CVR Renewable produce biofuels from 100% renewable feedstocks.
Honeywell’s Ecofining™ process is thought to reduce greenhouse gas (GHG) emissions by up to 80% when compared to the emissions from fossil fuels that produce conventional fuels.
Barry Glickman, Vice-President and General Manager of Honeywell Sustainable Technology Solutions, said the technology is now being used in more than 40 plants across the globe.
The process was developed in collaboration with Italian energy company Eni SpA.
Mike Wright, Executive Vice-President and Chief Operating Officer of CVR Energy, said, “We are excited about Honeywell’s Ecofining™ technology and the potential role it could play in our efforts to decarbonise our business.”
In a recent report, data and analytics company GlobalData said that North America is expected to produce 2,418 million gallons per annum of sustainable aviation fuel (SAF) by 2030.
Noting SAF as a prominent solution to reducing carbon emissions, the report says the growth in SAF production will be the result of a “slew” of projects. Focused on the US, the report highlights Decatur Renewable, US, Renewable II, and Houston Renewable III as major projects.
The data released in the report supports a positive outlook for the Biden Administration’s Sustainable Aviation Fuel Grand Challenge. Unveiled in September 2021, the challenge hopes to see the production of three million gallons of SAF per year by 2030.
Decarbonisation Summit 2024: Industrial Gases and Clean Energies 3.0
The global industrial gas and equipment business has an imperative role to play in the future of clean fuels and decarbonisation. The energy transition simply won’t happen without it.
At the same time, the industry has its own activities to decarbonise and circular economies to carve out – think green air gases and bio-based carbon dioxide (CO2), as well as CO2 utilisation and e-fuels, and so much more besides.
There are pathways to progress and questions to answer on this journey, not least:
- What are the compelling clean fuels and what do the pathways to production look like?
- How can the gases industry participate in this playground of opportunities?
- What are the tools and technologies that will accelerate decarbonisation?
- What can other alternative fuels mean for the CO2 industry and its stakeholders?
All of these questions and more will be in the spotlight at gasworld’s Decarbonisation Summit in April 2024. This is the Net Zero event for you, held in New York against the backdrop of the progressive US Inflation Reduction Act (IRA) and with the world’s gaze watching on.
Interested in speaking and contributing? Get in touch with our Content Director, Rob Cockerill, at [email protected]
To attend, sponsor and for more information, visit https://www.gasworldconferences.com/conference/decarbonisation-summit-2024/