Honeywell Readies to Tackle U.S. Gas-Processing, SAF Projects

October 25, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--Despite lower revenues, which it attributed to a "challenging operating environment," Honeywell International (NASDAQ:HON) (Charlotte, North Carolina) reported stronger-than-expected margins for third-quarter 2024 as it prepares to spin off its Advanced Materials business into an independent company that will provide sustainability-focused specialty chemicals and materials.

Industrial Info is tracking more than $3.2 billion worth of active and proposed projects featuring Honeywell's services across the U.S. and Canada, nearly half of which is attributed to a single sustainable aviation fuel (SAF) development. Sustainability-focused projects account for some of the highest-valued projects in Honeywell's portfolio.

Other companies featured: Summit Agricultural Group, Enterprise Products Partners LP (NYSE:EPD), EnLink Midstream (NYSE:ENLC), Phillips 66 (NYSE:PSX) and Phibro LLC.