Investment
Features
FeesSafety
Academy
More
Pluang+
|
Home/News Feed/AI tech could cut global oil and LNG fuel production costs by billions annually by 2050, says Honeywell-MIT study.
HON
$222.04
-$0.80 -0.36%

AI tech could cut global oil and LNG fuel production costs by billions annually by 2050, says Honeywell-MIT study.

Market News
24 Jun 2026
PRNewsWire
View Source
Bullish
pluang ai news

Honeywell and MIT's Center for Sustainability Science and Strategy released research showing AI-enabled technologies could reduce global production costs for oil-based fuels by up to $225 billion annually by 2050, and LNG costs by up to $80 billion. The study highlights AI's role in improving energy supply, managing demand, and diversifying fuel sources to enhance energy security and affordability amid rising demand. The findings suggest faster, more efficient use of existing infrastructure and alternative fuels can help meet global energy needs while reducing costs and geopolitical risks.

More News (HON)

Global hazardous area equipment market to nearly double to $25.28B by 2035, driven by safety regulations and smart tech.

Global hazardous area equipment market to nearly double to $25.28B by 2035, driven by safety regulations and smart tech.

The global hazardous area equipment market, valued at $13.5 billion in 2025, is projected to reach $25.28 billion by 2035, growing at a CAGR of 6.48%. Growth is fueled by stricter industrial safety regulations like ATEX and OSHA, and the adoption of ...

Market News
Bullish
1 day ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App