PARIS, March 8 (Reuters) - European planemaker Airbus AIR.PA chose the Australian miner Fortescue Metals Group Ltd's (FMG) hydrogen unit to help it reduce CO2 emissions from flying, Fortescue Future Industries (FFI) said in a statement on Tuesday.
The move, marked by the signing of a Memorandum of Understanding, reflected the companies' "shared ambition ... to support the entry-into-service of a hydrogen-based aircraft by 2035," according to the news release.
FFI's chairman, Australian magnate Andrew "Twiggy" Forrest, has built most of his wealth in the highly emitting iron ore mining sector, but recently became one of business world's most outspoken advocates for fighting climate change.
"The time is now for a green revolution in the aviation industry," he was cited as saying.
The partnership will allow both companies to study the application of green hydrogen - hydrogen produced from using renewable energy - in the aviation industry, seen by analysts as the sector's most promising bet to reduce emissions while keeping flight numbers high.
Financial details were not immediately available.
<^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ EXPLAINER-Airlines aim for climate neutral travel take-off,here's how
^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^>
- Forums
- ASX - By Stock
- FMG
- News: FMG Airbus strikes deal with Australia's Fortescue as airlines seek hydrogen boost
News: FMG Airbus strikes deal with Australia's Fortescue as airlines seek hydrogen boost
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add FMG (ASX) to my watchlist
(20min delay)
|
|||||
Last
$26.78 |
Change
0.460(1.75%) |
Mkt cap ! $82.45B |
Open | High | Low | Value | Volume |
$26.79 | $26.79 | $26.44 | $104.0M | 3.898M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1000 | $26.71 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$26.79 | 25045 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1000 | 26.710 |
1 | 10503 | 26.700 |
5 | 42761 | 26.670 |
1 | 7023 | 26.650 |
3 | 16945 | 26.640 |
Price($) | Vol. | No. |
---|---|---|
26.790 | 24245 | 5 |
26.800 | 15593 | 16 |
26.810 | 8379 | 4 |
26.820 | 6500 | 5 |
26.830 | 5116 | 3 |
Last trade - 16.10pm 07/05/2024 (20 minute delay) ? |
|
|||||
Last
$26.72 |
  |
Change
0.460 ( 1.96 %) |
|||
Open | High | Low | Volume | ||
$26.76 | $26.79 | $26.44 | 573343 | ||
Last updated 15.59pm 07/05/2024 ? |
Featured News
FMG (ASX) Chart |
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO
Charles Armstrong
CEO
Previous Video
Next Video
SPONSORED BY The Market Online