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Petrixo selects UOP Green Fuels technology for renewable jet and diesel in UAE

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UOP LLC, a Honeywell company, announced that its green fuels process technology has been selected by Petrixo Oil & Gas to produce renewable jet fuel and renewable diesel at a new refinery to be built in Fujairah, United Arab Emirates.

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Lux: biojet fuel to account for 56% of targeted 2050 CO2 emissions reductions in aviation

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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. —Yuan-Sheng Yu, Lux Research Analyst and lead author.