NEW DELHI, India – Honeywell (NASDAQ: HON) and AM Green today signed a memorandum of understanding (MoU) during India Energy Week 2025 to assess the techno-economic feasibility of producing sustainable aviation fuel (SAF) from ethanol, green methanol from various carbon dioxide (CO₂) emission sources, and green hydrogen. This collaboration underscores the alignment of Honeywell’s portfolio to three compelling megatrends which includes the energy transition.
The companies will work together to identify opportunities to enhance India’s energy security and:
- Reduce crude oil import dependence.
- Help position the country as a competitive global exporter of green methanol to aid shipping companies in adopting this low-emission alternative fuel.
- Help airlines in meeting CORSIA mandates for low-carbon, drop-in fuel replacements.
“The collaboration with AM Green will help advance India’s low-carbon economy and create an ecosystem that supports the government’s SAF blending mandates, positioning India as a global leader in alternative fuel innovation,” said Ashish Modi, President, Honeywell India. “By combining Honeywell’s proven carbon capture technologies and ethanol-to-jet solution with AM Green’s expertise in green hydrogen and ethanol production, we will pave the way for a sustainable future and reinforce our commitment to environmental stewardship.”
Mahesh Kolli, Co-Founder and Group President of AM Green said, “We are delighted to partner with Honeywell, which is one of the world’s largest technology companies that is positively shaping the future of energy. This partnership demonstrates AM Green’s emerging leadership position as a global clean energy transition solutions platform while contributing to India’s ambition of emerging as an exporter of reliable, sustainable and lowest-cost green molecules and its derivatives accelerating industrial decarbonization globally.”
The collaboration benefits Indian farmers by creating demand for ethanol feedstocks. It also aligns with the government’s National Green Hydrogen Mission to boost green hydrogen production through green methanol for domestic and export use.
The feasibility study is expected to conclude by mid-2025, marking a critical step toward achieving large-scale decarbonization.
