A Shell logo is seen reflected in a car's side mirror at a petrol station in west London, Britain, January 29, 2015. REUTERS/Toby Melville
LONDON, June 30 (Reuters) – British engineering company Rolls-Royce (RR.L) said it would partner with oil company Shell (RDSa.L) to work on the development of sustainable aviation fuel (SAF) in line with both their plans for net zero emissions by 2050.
The pair signed a memorandum of understanding (MoU) on Wednesday which Rolls-Royce said would help with plans to certify 100% SAF for use in planes.
In the aviation sector, its biggest business, Rolls-Royce plans to make all its commercial engines compatible to run on 100% SAF, which produces up to 70% less carbon than conventional fuel, by 2023. read more
The challenge for SAFs is that there is a shortage of supply, which the Shell partnership could help address.
Rolls-Royce Chief Technology Officer Paul Stein said in a statement that both companies wanted to decarbonise flying.
“We believe that working together on these aims can deliver benefits for both the development of new innovations as well as collaborating to find ways to unlock the net carbon emissions reduction potential of technology that is already in use today,” he said.Reporting by Sarah Young; Editing by Kate Holton
Our Standards: The Thomson Reuters Trust Principles.
Amazon secured a key early win as a federal judge blocked New York from enforcing…
The Enthuse Foundation has revealed the finalists for its 7th Annual Women Founders Pitch Competition,…
The Marcus Evans 2nd Edition Model Risk Management, Canada conference taking place in Toronto, Canada…
Economists say Shanghai is strengthening its role as China’s reform engine, accelerating innovation and global…
U.S. shoppers are set to spend nearly $80 billion this Black Friday and Cyber Monday,…
Waiken has unveiled a US$450 million investment plan through 2031 to strengthen its entertainment and…