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Germany's Scholz targets green jet fuel role, Airbus investment
  + stars: | 2023-09-25 | by ( ) www.reuters.com   time to read: +3 min
[1/2] German Chancellor Olaf Scholz and Transport Minister Volker Wissing attend the third national aviation conference at Lufthansa Technik, in Hamburg, Germany, September 25, 2023. Airbus (AIR.PA) is considering joining the consortium to use the fuel, HH2E said. Scholz also said Germany was targeting investment for a potential new plane to replace the Airbus single-aisle A320. "We would like to see further investment in aviation - not just in Hamburg, but throughout Germany, as part of the successor to the Airbus A320," he said. In July, Airbus expanded production of the same series in Toulouse, France, to meet rising demand.
Persons: Olaf Scholz, Volker Wissing, Fabian Bimmer, HH2E, Scholz, Carsten Spohr, planemaker, Andreas Rinke, Tim Hepher, Rachel More, Friederike Heine, Barbara Lewis, Sharon Singleton Organizations: Lufthansa Technik, REUTERS, Rights, Airbus, DHL, National Aviation Conference, EU, Industry, Lufthansa, SAF, Thomson Locations: Hamburg, Germany, Europe, France, German, Toulouse
Shares of Norway's Nel Hydrogen are expected to rise by more than 20% thanks to the latest set of green subsidies in both the U.S. and Europe, according to Morgan Stanley. Morgan Stanley says Nel shares, which trade in the U.S. and Europe , will rise to 22 Norwegian Kroner ($2.15) over the next 12 months. Apart from the sectoral tailwinds, Nel shares also benefit from being one of the few listed green hydrogen companies, said the analysts. Morgan Stanley is also bearish on ITM Power's stock, which is one of the few viable alternatives, according to the bank. However, Morgan Stanley believes sentiment has hit rock bottom, and shares of the company are likely to rise from the current level.
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