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To: scion who wrote (19293)6/3/2010 8:21:52 AM
From: scion  Respond to of 19428
 
Press release: Commercial Production of Cellulosic Biofuel on Fast Track in China

COFCO, Sinopec and Novozymes to Construct Biofuel Demonstration Facility by 2011

May 27 2010 / Press Room
novozymes.com

[BEIJING, CHINA], May 27, 2010 – Today, Novozymes, the world’s leader in bioinnovation, COFCO, a leading producer and supplier of processed agricultural products, and Sinopec, the world’s third-largest oil refinery, signed a Memorandum of Understanding covering the next steps towards commercialization of cellulosic biofuel in China.

As part of the agreement, COFCO and Sinopec will build a cellulosic ethanol demonstration plant for which Novozymes will supply with enzymes. The new plant comes online in the third quarter of 2011 and will produce three million gallons of bioethanol made from corn stover a year. In February, Novozymes launched new Cellic® CTec2, an enzyme product enabling the biofuel industry to produce cellulosic ethanol at a price competitive with gasoline and conventional ethanol.

“In 2009, we forged this partnership in China to develop biofuel from agricultural waste; today, we are one step closer to producing commercial quantities,” said Michael Christiansen, President, Novozymes China. “With gasoline prices hovering around $4 per gallon in China, companies across the country are reaffirming their commitment to investing in development of clean, alternative fuel sources.”

The largest demonstration plant in China
The new plant will be the largest demonstration facility converting agricultural waste into biofuel in China. China has an adequate supply of biomass, and agricultural residues alone exceed 700 million metric tons annually.

A 2009 study by Novozymes and McKinsey showed that by converting agricultural residues into fuel ethanol, China can reduce its gasoline consumption by 31 million tons in 2020, thereby reducing its dependence on imported petroleum by 10% and abating 90 million tons of CO2 emissions. By doing so this industry will create 6 million direct jobs, resulting in an RMB 32 billion – around $4.7 billion – income increase annually.

By 2020, the number of cars in China is expected to exceed 200 million, up from 130 million today, which will lead to substantial growth in the demand for vehicle fuels. To meet these rising demands, the Chinese government has launched an ambitious bioenergy development target that will boost the production of cellulosic biofuels.

More about Novozymes, COFCO and Sinopec
Novozymes, the world leader in industrial enzymes, has developed conversion processes and the state-of-the-art enzymes necessary for turning agricultural waste into cellulosic biofuel.

COFCO is a leading producer and supplier of processed agricultural products. COFCO and Novozymes have cooperated for the past three years and as part of that agreement, COFCO runs a small-scale pilot plant that has been in operation for three years. COFCO will continue to operate the pilot plant and contribute its knowledge on grain processing and production of biofuel.

Sinopec is the world's third-largest oil refinery. It owns around 30,000 gasoline stations and has a 60% share in China’s refined-oil market.

novozymes.com



To: scion who wrote (19293)6/3/2010 8:23:41 AM
From: scion  Respond to of 19428
 
Honeywell's UOP Working With Aviation And Refining Leaders In China To Create Sustainable Aviation Biofuels Industry

Companies will collaborate to evaluate and demonstrate solutions for a domestic jet fuel source with lower greenhouse gas emissions

www51.honeywell.com

DES PLAINES, Ill., May 27, 2010 -- UOP LLC, a Honeywell (NYSE: HON) company, announced today that it will collaborate with aviation and refining leaders, including PetroChina, Air China and Boeing, to evaluate and demonstrate sustainable aviation biofuels in China.

Honeywell’s UOP will be part of a team led by China’s National Energy Administration (NEA) and the U.S. Trade and Development Agency (USDTA) that will work to address the technical, economic and institutional factors required for the development of a new biofuels industry in China. The team, which includes government agencies and associations along with aviation and biofuel companies, will address feedstock harvesting and processing, the establishment of refining capacity for commercial production, and the development of the infrastructure to store, deliver and dispense biofuels.

The collaborations were announced at the joint opening of the Renewable Energy and Advanced Biofuel Fora on May 26, 2010 at the Beijing Diaoyutai State Guesthouse. The NEA and the Civil Aviation Administration of China were joined by the U.S. Department of Energy, the U.S. Department of Agriculture and U.S. Ambassador to China Jon Huntsman to commemorate the agreements.

Honeywell’s UOP signed a memorandum of understanding to work jointly with PetroChina, Air China and Boeing to evaluate and plan a biofuel demonstration flight in China. The flight would use Honeywell Green Jet Fuel™ made from sustainable, non-food feedstocks using UOP processing technology.

“Developing an aviation biofuel industry is a high priority for China to address growing concern over greenhouse gas emissions and the threat of volatile jet fuel costs,” said Jennifer Holmgren, vice president of Renewable Energy and Chemicals for Honeywell’s UOP. “This collaboration of governments and industry experts will develop the complete supply chain for affordable, safe and domestically produced aviation biofuels in China.”

Aviation biofuel made by Honeywell’s UOP has been used for biofuel demonstration flights on Boeing commercial aircraft with Air New Zealand, Continental Airlines, Japan Airlines and KLM Royal Dutch Airlines as well as on military demonstration flights with U.S. Air Force and Navy aircraft.

The UOP process produces Green Jet Fuel which requires no changes to the aircraft engine technology when used at a 50 percent blend with petroleum-based jet fuel and meets or exceeds all specifications for flight. Green Jet Fuel made from second-generation, non-food sources such as camelina and jatropha plants offers up to an 80 percent reduction in greenhouse gas emissions over petroleum-based fuels.

In addition to the Green Jet Fuel technology developed by UOP, Honeywell’s Aerospace business is involved with testing Green Jet Fuel on Honeywell engines and auxiliary power units, including 131-9 model APUs, which are used in Air China’s fleet. “Test results indicate biofuels can lower life cycle carbon dioxide emissions, lowering the carbon footprint of aviation to improve the local air quality around airports,” said Mark Howes, President of Honeywell Aerospace, Asia Pacific. Honeywell was recently selected to supply the auxiliary power unit for Commercial Aircraft Corporation of China’s (COMAC) C919 new aircraft.

UOP, a recognized global leader in process technology to convert petroleum feedstocks to fuels and chemicals, is developing a range of processes to produce green fuels from natural feedstocks. The Green Jet Fuel process technology was developed in 2007 under a contract from the U.S. Defense Advanced Research Projects Agency (DARPA).

UOP LLC, headquartered in Des Plaines, Illinois, USA, is a leading international supplier and licensor of process technology, catalysts, adsorbents, process plants, and consulting services to the petroleum refining, petrochemical, and gas processing industries. UOP is a wholly-owned subsidiary of Honeywell International, Inc. and is part of Honeywell’s Specialty Materials strategic business group. For more information, go to www.uop.com.

Honeywell International (www.honeywell.com) is a Fortune 100 diversified technology and manufacturing leader, serving customers worldwide with aerospace products and services; control technologies for buildings, homes and industry; automotive products; turbochargers; and specialty materials. Based in Morris Township, N.J., Honeywell’s shares are traded on the New York, London, and Chicago Stock Exchanges. For more news and information on Honeywell, please visit www.honeywellnow.com.

This release contains “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of fact, that address activities, events or developments that we or our management intend, expect, project, believe or anticipate will or may occur in the future are forward-looking statements. Forward-looking statements are based on management’s assumptions and assessments in light of past experience and trends, current conditions, expected future developments and other relevant factors. They are not guarantees of future performance, and actual results, developments and business decisions may differ from those envisaged by our forward-looking statements. Our forward-looking statements are also subject to risks and uncertainties, which can affect our performance in both the near- and long-term. We identify the principal risks and uncertainties that affect our performance in our Form 10-K and other filings with the Securities and Exchange Commission.

Contact:
Susan Gross
(847) 391-2380
susan.gross@uop.com

www51.honeywell.com