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United, Honeywell to Invest in SAF Startup (Ind. Report)
United Airlines, Honeywell,Alder Energy
Date: 2021-09-10
United Airlines Holdings Inc. and Honeywell International Inc. are reporting a multi-million dollar investment in Alder Energy LLC, a clean-technology company to produce sustainable aviation fuel (SAF) at scale.

Alder's technology converts woody biomass, forest and agricultural waste to produce SAF while using the same refineries, pipelines and engines as traditional fuel. United, which began using biofuels in 2009, has also pledged to buy 1.5 billion gallons of SAF over the next 20 years.

The company in 2015 made a similar commitment with alternative fuels developer Fulcrum BioEnergy Inc., agreeing to buy up to 900 million gallons of low-cost sustainable biofuels from waste, particularly woody biomass from the paper and pulp industry, the food industry and others.

The companies hope to commercialize the technology by 2025. (Source: United Airlines, PR, 8 Sept., 2021) Contact: United Airlines, Scott Kirby, CEO, www.united.com/ual/en/us/fly/contact/headquarters.html; Alder Energy/Investment, Bryan Sherbacow, CEO, info@alderinvestment.com, www.alderinvestment.com; Honeywell UOP, www.uop.com

More Low-Carbon Energy News Alder Energy,  SAF,  Aviation Biofuel,  Honeywell,  United Airlines,  

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