LONDON: Rolls Royce Holdings has announced it will make all new products “compatible with net-zero” by 2030 and all products currently in operation compatible by 2050.
To help achieve these targets it will increase R&D spending on net-zero carbon technologies from 50 percent to 75 percent of its total development budget by 2025.
The group says it wants to play a leading role in enabling significant elements of the global economy to get to net-zero carbon by 2050, including aviation, shipping and power generation.
To help accelerate the take-up of Sustainable Aviation Fuel (SAF) it plans to make all civil aero-engines currently in production compatible with 100 percent SAF by 2023. This means 66 percent of its current fleet of Trent large jet engines and 60 percent of business jet engines will be SAF-ready within three years.
Rolls Royce says the current generation of SAF reduces lifecycle carbon emissions by up 70 percent but assumes this will increase to 100 percent as production pathways for synthetically derived fuels mature.
The company acknowledges it is playing an active role in advocating 100 percent SAF for use in commercial aviation from the current 50 percent blend limit. Meanwhile it has committed to using a 10 percent SAF blend for engine testing and development by 2023.
“We pioneer power that is central to the successful functioning of the modern world. To combat the climate crisis, that power must be made compatible with net-zero carbon emissions. This is a societal imperative as well as one of the greatest commercial and technological opportunities of our time,” declared Rolls Royce CEO Warren East.
Story Type: News