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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Shell plc | NYSE:SHEL | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 0.32 | 0.44% | 73.10 | 73.56 | 72.85 | 73.44 | 3,254,813 | 01:00:00 |
From May 2022 to May 2024
Korean Air Lines Co. has signed a memorandum of understanding with Shell PLC to explore the supply and purchase of sustainable aviation fuel from Shell at major airports in Asia Pacific and the Middle East for five years from 2026, according to a press release published on Friday by Korean Air.
Korean Air also plans to expand the cooperation with Shell and other oil companies to secure SAF supply for other regions such as Europe and the U.S.
Shell's SAF will be produced from sustainable feedstock such as cooking oil waste, household waste and industrial waste gas, and it may have a carbon footprint up 80% smaller over its life cycle compared to fossil jet fuel, according to the press release.
--Reporting by Kite Chong, kchong@opisnet.com; Editing by Hanwei Wu, hwu@opisnet.com
(END) Dow Jones Newswires
September 30, 2022 06:27 ET (10:27 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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