Honeywell UOP and Boeing Play Leading Global Roles as Industry Seeks to Cut Emissions to 0.2 Billion Tons, Halving the 2005 Figure, Lux Research Says

/EINPresswire.com/ -- BOSTON, MA -- (Marketwired) -- 07/19/16 -- Biojet fuels will be key to achieving the aviation industry's pledge to cut CO2 emissions to 0.2 billion tons (GT) in 2050 -- half the 2005 figure -- as opposed to the staggering 2.1 GT projected by current growth rates, according to Lux Research.

Biojet fuel innovations, led globally by Honeywell UOP and Boeing, will account for 56% of the targeted CO2 emissions reductions, while a third of the cuts will come from new aircraft technology, and optimization of operations and infrastructure.

Commercial Biojet Fuel Production and the Likelihood of Gaining Market Traction

"With lessons learned from the mishaps of road transportation and regulatory policies emerging from a single governing body, ICAO, the aviation industry is well-positioned to meet emissions targets," said Yuan-Sheng Yu, Lux Research Analyst and lead author of the report titled, "Biojet Fuel Technology Roadmap."

"In the estimated $300 billion jet fuel market in 2050, Neste and Honeywell UOP will be winners over the short term, while renewable diesel producers UPM and Renewable Energy Group will be mid-term winners, and companies like Ensyn and Licella, will be long-term winners," he added.

Lux Research analysts studied the biojet fuel landscape against 2050 targets for CO2 emissions, and evaluated the main companies involved in the development of novel fuel types. Among their findings:

• Technology shifts over time. Of the four ASTM-certified pathways for biojet fuel, and an additional four under review, HEFA, or hydroprocessed esters and fatty acids, is the only viable short-term option while HDCJ, or hydrotreated depolymerized cellulosic jet, will be the long-term winner.
  
  
• Honeywell UOP, Boeing are global flag-bearers. Honeywell UOP and Boeing are the undisputed global leaders since the CAAFI biojet initiative was launched in 2006. Honeywell has 333 unique relationships and 13 different initiatives, and with AltAir, operates the first commercial-scale biojet fuel plant. Boeing has established 279 unique ties and 20 initiatives, and has focus on Japan, United Arab Emirates and Mexico.
  
  
• Aircraft and other innovations matter. New aircraft models using lightweight materials have been instrumental in 1.5% annual fuel efficiency improvements since 2010. Other measures that will help the industry include lightweight cabin gear, seat design, taxiing on one engine, scheduling of flights in optimal conditions and improved air traffic controls.
  
  

The report, titled "Biojet Fuel Technology Roadmap," is part of the Lux Research Alternative Fuels Intelligence service.

About Lux Research

Lux Research provides strategic advice and ongoing intelligence for emerging technologies. Leaders in business, finance and government rely on us to help them make informed strategic decisions. Through our unique research approach focused on primary research and our extensive global network, we deliver insight, connections and competitive advantage to our clients. Visit www.luxresearchinc.com for more information.

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Contact:
Carole Jacques
Lux Research, Inc.
617-502-5314
carole.jacques@luxresearchinc.com