Stock Groups

Singapore, Airbus to study hydrogen use in aviation -Breaking

[ad_1]

© Reuters. FILE PHOTO – A logo for Airbus can be seen near Toulouse in France at its Blagnac factory, on July 2, 2020. REUTERS/Benoit Tessier/File Photo

SINGAPORE, (Reuters) – Singapore has teamed up with Airbus in order to investigate the use of hydrogen for aircraft operations. This is part of a wide agreement on sustainable aviation.

This agreement will examine the demand for and supply of alternate aviation fuels, as well as economic and regulatory conditions that support greener aviation.

First, a technical feasibility report on an airport hydrogen hub is being done. This study will also examine the infrastructure required to sustain future hydrogen-powered aircraft operations. These studies are expected to be completed in early 2022. They will last for two years.

These include the storage and distribution (storage and distribution) of hydrogen as well as aircraft ground services and logistic equipment.

Airbus stated that it hopes to have a hydrogen-powered plane on the market by 2035 and signed agreements with other airlines to conduct similar research.

Airline operators around the world aim to reach ambitious targets for reducing their carbon emissions in accordance with Government commitments. Global carbon emissions account for 2.5% of the total aviation sector.

Disclaimer: Fusion MediaWe remind you that this site does not contain accurate or real-time data. CFDs include stocks, indexes and futures. Prices are provided not by the exchanges. Market makers provide them. Therefore, prices can be inaccurate and differ from actual market prices. These prices should not be used for trading. Fusion Media does not accept any liability for trade losses that you may incur due to the use of these data.

Fusion MediaFusion Media or any other person involved in the website will not be held responsible for any loss or damage resulting from reliance on this information, including charts, buy/sell signals, and data. Trading the financial markets is one of most risky investment options. Please make sure you are fully aware about the costs and risks involved.



[ad_2]