Honeywell, Summit Agricultural to build world's biggest plant for ethanol jet fuel
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Summit Agricultural Group said Monday it selected Honeywell's (NASDAQ:HON) ethanol-to-jet processing technology in creating Summit Next Gen, a sustainable aviation fuel production platform it said will "revolutionize the global aviation industry by providing a scalable supply of low-carbon jet fuel."
The companies said the Summit Next Gen project will be located in the U.S. Gulf Coast region, providing access to significant logistics and utility infrastructure, and will aim to produce more than 250M gallons/year of sustainable aviation fuel.
"Scale, cost of production, and carbon footprint are the most important factors for the SAF industry, and we believe ethanol has a material advantage in these areas relative to existing SAF feedstocks," Summit Ag Investors President Justin Kirchhoff said.
No further details were provided, but the companies expect the project will be operational in 2025.
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