Stellantis And Aramco Join Hands To Achieve Lower CO2 Emission Target
Portfolio Pulse from Lekha Gupta
Stellantis NV (NYSE:STLA) has partnered with Saudi Arabia's Aramco to achieve lower-carbon energy solutions for vehicles. The companies found that 24 engine families in European vehicles produced since 2014 are compatible with advanced drop-in eFuel without any powertrain modification. Stellantis aims to become a carbon net zero corporation by 2038 and estimates that using low-carbon eFuels in up to 28 million of its European vehicles can reduce up to 400 million tons of CO2 in Europe in 2025-2050.
September 05, 2023 | 4:12 pm
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Stellantis's partnership with Aramco to achieve lower-carbon energy solutions could significantly reduce CO2 emissions from its vehicles. This aligns with Stellantis's goal to become a carbon net zero corporation by 2038.
The partnership with Aramco allows Stellantis to use low-carbon eFuels in its vehicles, which can reduce CO2 emissions by at least 70%. This is a significant step towards achieving its goal of becoming a carbon net zero corporation by 2038. The positive environmental impact and alignment with global sustainability trends could boost investor sentiment and potentially drive the stock price up in the short term.
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