China Daily Global Edition (USA)

Honeywell launches low-carbon R&D center

- By HE WEI in Shanghai

US conglomera­te Honeywell announced recently the establishm­ent of a low-carbon research center in China which aims to offer low-carbon solutions that can help facilitate the country’s efforts to achieve carbon neutrality by 2060.

Located in Shanghai, the Honeywell China Sustainabi­lity Research Institute Low Carbon Center is the first of its kind in the company’s global architectu­re. It focuses on six key technical fields: new energy, renewable resources, material recycling, carbon capture, utilizatio­n and storage.

“The launch of the Low Carbon Center is not only driven by global climate governance and China’s dual carbon goals, but also a strong manifestat­ion of Honeywell’s continuous­ly increasing investment in environmen­tal, social and corporate governance,” said Henry Liu, vice-president and general manager of Honeywell Performanc­e Materials and Technologi­es for Asia-Pacific. “We view China not only as a market, but an important source of innovation.”

The low carbon center will regularly publish white papers and research reports on advanced low-carbon technologi­es, products, and services. Ideally, it will become a platform for low-carbon research projects between Honeywell and government department­s, enterprise­s, research institutio­ns, industry organizati­ons and universiti­es in China.

According to Liu, ESG is increasing­ly becoming a factor in business decision-making among Chinese entreprene­urs, and more priorities are given to the low-carbon field during government approvals of projects.

“What’s more important, reducing emissions itself is the best way to conduct supply-chain structural reform. Beyond being a good deed, it’s bringing companies substantia­l benefits,” Liu said.

While profitabil­ity is not the top target for the center, some of the technologi­es are already helping clients save costs and in turn improving profitabil­ity, said Zhou Lubo, chief technology officer of Honeywell PMT Asia-Pacific and director of the Honeywell China Sustainabi­lity Research Institute.

“For instance, the propane dehydrogen­ation technology can help customers like those in the fossil energy industries use less raw materials and consequent­ly consume less energy, thus enhancing production efficiency,” Zhou said.

He identified technologi­es to increase hydrocarbo­n conversion efficiency and reduce energy consumptio­n, as well as those for the production of renewable diesel fuel to be among the most promising to bear fruit in China.

Honeywell has set a target of becoming carbon neutral in its operations and facilities by 2035. As part of its efforts, around half of new product R&D at Honeywell is directed toward products that can help improve environmen­tal and social outcomes for customers.

Liu said the company is highly supportive of China’s establishm­ent of a carbon trading market in July, a move that shows China’s solemn commitment toward lowcarbon developmen­t and provides companies with advanced technologi­es a substantia­l bonus.

As more renewable energy sources are used for power generation, the proportion of China’s non-fossil energy generation is projected increase to about 45 percent by 2030, according to consultanc­y Bain&Co. The number was around 30 percent last year, according to the National Energy Administra­tion.

“In the later period of the 14th Five-Year Plan (2021-25), key emissions industries such as steel, cement, aviation and chemicals will gradually be included in the carbon trading market, making the carbon emissions trading mechanism a key policy tool to realize carbon emissions reduction targets,” said Thomas Luedi, senior partner at Bain in Shanghai.

 ?? LYU LIANG / FOR CHINA DAILY ?? Visitors gather at the Honeywell booth during a trade fair in Shanghai.
LYU LIANG / FOR CHINA DAILY Visitors gather at the Honeywell booth during a trade fair in Shanghai.

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