UOP LLC, a subsidiary of
Honeywell International Inc.
), recently announced that Honeywell Green Jet Fuel will power 200
commercial flights operated by Brazilian carrier GOL Airlines for
transporting the national soccer team during the 2014 FIFA World
Honeywell Green Jet Fuel is produced using the UOP Renewable Jet
Fuel process. GOL Airlines will use a blend of Honeywell Green Jet
Fuel with petroleum-based jet fuel. During the world cup alone, use
of the renewable fuel is expected to reduce greenhouse gas
emissions by 185 metric tons of carbon dioxide. Apart from lower
emissions, the production of Honeywell Green Jet Fuel using a
variety of non-edible feedstocks is expected to provide a renewable
solution for jet fuel globally.
The use of Honeywell Green Jet Fuel can be implemented immediately
as it is compatible with existing aircraft technology and meets all
critical specifications for flight. The fuel was earlier used in
2012 for flights for the Rio+20 United Nations Conference in Rio de
Janeiro, Brazil. For the 2014 FIFA World Cup, UOP has already
supplied approximately 92,000 liters to GOL.
The continued use of the renewable fuel is a testimony to the
company's claim that compared to traditional petroleum-based fuels,
the Honeywell Green Jet Fuel can cut greenhouse gas emissions by
upto 85%. Brazil is the world's second-largest biofuel producer,
and together with the U.S., account for about 70% of the world's
total consumption of biofuels based on data by the U.S. Energy
Honeywell is a global diversified technology and manufacturing
company with a wide range of products and services. These include
control, sensing and security technologies for buildings, homes and
industry, turbochargers, automotive products, specialty chemicals,
electronic and advanced materials, process technology for refining
and petrochemicals as well as energy efficient products and
solutions for homes, business and transportation.
Honeywell currently has a Zacks Rank #3 (Hold). Other stocks
that look promising and are worth a look now include
Carlisle Companies Incorporated
Noble Group Limited
), each carrying a Zacks Rank #2 (Buy)
Want the latest recommendations from Zacks Investment Research?
Today, you can download 7 Best Stocks for the Next 30 Days.
Click to get this free report
ITT CORP (ITT): Free Stock Analysis Report
HONEYWELL INTL (HON): Free Stock Analysis
CARLISLE COS IN (CSL): Free Stock Analysis
NOBLE GROUP LTD (NOBGY): Get Free Report
To read this article on Zacks.com click here.