Today, Rolls-Royce shares fell by 6.51% to 87.00. The share price indicators for the month are submitted. On June 22, the share price was 110.34. Three days later, the shares fell by 106.84. The highest point of the price decline was on June 30 and amounted to 96.58. From July 2, the shares began to grow and by July 6, the share price reached 106.98.
Jet engine manufacturer Rolls-Royce stated that all products launched after 2030 will be able to operate with net-zero carbon emissions, as part of a decarbonization plan that relies heavily on replacing them with synthetic alternatives that still exist. Fossil fuel, but it has not yet been approved. Manufacturers and other airlines face huge challenges in reducing the carbon emissions of their products.
In contrast, Rolls Royce is pinning its hopes on synthetic fuels, which the industry calls “sustainable aviation fuel” or SAF. These fuels are almost the same chemically, but produced from non-petroleum sources, theoretically, they can significantly reduce or even zero new carbon emissions during their entire life cycle. Rolls-Royce said Thursday that it plans to obtain regulatory approval by 2023 to use synthetic fuels in all currently produced engine models. This means that two-thirds of existing aircraft that use Rolls-Royce engines can be adjusted with small engineering changes.
Finance and Business reporter
After graduating high school. Lora decided to travel and blog as a part-timer. Today she enjoys what she loves and works remotely as our finance and business reporter