Rolls-Royce Holdings (RR.L) Shares Rise By 7.75% : Is This Growth Related To The Recent News With Royal Dutch Shell?

Today, the share price growth of Rolls-Royce Holdings is 7.75% and is trading at 97.00 GBP. The share’s indicators have been unstable for the last five days. On July 15, the share price was 91.78 GBP. The next day, the shares rose by 94.78 GBP. On Monday, June 19, the shares fell by 87.17 GBP. On June 22, the shares jumped by 96.10 GBP. Royal Dutch Shell and Rolls-Royce Holdings have signed a memorandum of understanding. According to which Shell and the engineering company Rolls-Royce are exploring opportunities for certification of 100% environmentally friendly aviation fuel (SAF). The companies plan to expand their cooperation on SAF and fully certify its use in aircraft since it produces 70% less carbon compared to conventional fuel.

As we know, the aviation industry is heavily dependent on SAF due to its much smaller carbon footprint and is likely to remain so until power plants based on electricity and hydrogen become widely available. Rolls-Royce aims to make all its commercial engines compatible with SAF operation by 2023. Most importantly, the agreement strengthens the existing partnership between the companies in the field of alternative fuels.

Paul Meyer

Part-Time Reporter. Paul could do better in his engineering profession where he became a real pro. However, he chose the finance field to find a tranquil environment in his career. Today he creates a good number of great content for our team.

Want Hot Stocks?    Yes. I Love Them No thanks