Core Viewpoint - Honeywell has developed a new system that converts biomass into ready-to-use renewable fuels, offering a more environmentally friendly alternative to traditional marine fuels, sustainable aviation fuel (SAF), and gasoline [1] Group 1: Technology and Innovation - The innovative bio-crude upgrading technology utilizes agricultural and forestry by-products to transform waste into a cheap and abundant biomass source [1] - The renewable marine fuel produced has a higher energy density compared to existing biofuels, allowing for extended vessel range without the need for expensive engine modifications [1] - Honeywell's modular factory approach reduces risks and simplifies deployment of the technology [1] Group 2: Market Demand and Strategy - The maritime industry urgently requires immediately available and cost-effective renewable fuels, which Honeywell aims to address with its modular bio-crude upgrading technology [1] - The technology is designed to save costs across all stages from installation to refining [1]