Weekly renewables M&A round-up (May 16-20)
May 20, 2022 17:01 CESTJuly 5 (Renewables Now) - Royal Dutch Shell (AMS:RDSA) and British engineering company Rolls-Royce have teamed up in a project to promote the use of sustainable aviation fuels (SAF) in line with their net-zero commitments.
The two companies announced last week they have signed a memorandum of understanding (MoU) that will aim to accelerate the certification of 100% SAF for use in planes. The duo already works on demonstrating the use of 100% SAF as a full “drop-in” solution.
Rolls-Royce has an ongoing 100% SAF testing programme and uses Shell-supplied SAF.
“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,” said Paul Stein, chief technology officer at Rolls-Royce.
Under the MoU, the companies will also examine broader cooperation opportunities in aviation, as well as infrastructure in other mobility sectors such as shipping and rail.
Shell and Rolls-Royce have each set targets to achieve net-zero emissions by 2050.
Weekly renewables M&A round-up (May 16-20)
May 20, 2022 17:01 CESTGerman association calls for accelerated hydrogen ramp-up
May 20, 2022 16:20 CESTGermany's PNE to place EUR-50m corporate bond
May 20, 2022 16:05 CESTBlueFloat, Falck unveil 975-MW floating wind project off Sardinia
May 20, 2022 14:24 CESTRomania’s Simtel Team swings to net profit in Q1
May 20, 2022 13:41 CESTPure Hydrogen, Advik to set up hydrogen supply JV in India
May 20, 2022 13:32 CEST