Honeywell International Inc. and Summit Agricultural Group are partnering to build the world’s largest plant making ethanol-based aviation fuel — a project that’s likely to become a $1 billion facility and expected to open in 2025.
The plant will eventually produce enough jet fuel to power thousands of flights per year, according to Summit Agricultural, run by entrepreneur Bruce Rastetter. The facility will be located in the US Gulf Coast and will utilize Honeywell’s technology to transform ethanol into sustainable aviation fuel, known as SAF, the companies said in a statement Monday.
The global aviation market demands more than 100 billion gallons of jet fuel annually, with Summit estimating that figure will double in the next 20 years.
