financetom
Business
financetom
/
Business
/
Westport Fuel Systems Notes EU Regulatory Agreement Cutting CO2 Emissions in Heavy-duty Road Transport Sector
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Westport Fuel Systems Notes EU Regulatory Agreement Cutting CO2 Emissions in Heavy-duty Road Transport Sector
Apr 11, 2024 4:38 AM

07:16 AM EDT, 04/11/2024 (MT Newswires) -- Westport Fuel Systems ( WPRT ) , a supplier of advanced alternative fuel systems and components for the global transportation industry, on Thursday commented on the agreement between European legislators on lowering CO2 emissions in the European Union's (EU) heavy-duty road transport sector. The regulatory agreement sets out revised corporate CO2 emissions reduction targets for new original equipment manufacturers' (OEM) heavy-duty vehicles at 45% by 2030, 65% by 2035, and 90% by 2040 versus a 2019 baseline.

Zero-emission vehicles (ZEV) are a central element of these CO2 regulations, and Westport's H2 HPDI fuel system solution is compatible with the ZEV threshold, the company said.

"As a key supplier of hydrogen and other alternative fuel system solutions, we are encouraged by the EU's revised CO2 emission standards for heavy-duty vehicles," said Dan Sceli, CEO. "These new standards reflect ambitious decarbonization targets that can be achieved by utilizing a blend of new and current vehicle and fuel system technologies such as those in Westport's portfolio while also clearing a path to encourage future investment in the best and most affordable solutions to decarbonize heavy-duty transport."

According to Westport, the emissions reduction targets maintain a degree of flexibility for OEMs to comply using a portfolio of CO2 reduction solutions including low carbon fuels, hydrogen combustion, fuel cell, and battery electric technologies.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Factbox-Airlines suspend flights as Middle East tensions rise
Factbox-Airlines suspend flights as Middle East tensions rise
Oct 9, 2024
(Reuters) -Concerns over a wider conflict in the Middle East have prompted international airlines to suspend flights to the region or to avoid affected air space. Below are some of the airlines that have adjusted services to and from the region: AEGEAN AIRLINES The Greek airline cancelled flights to and from Beirut until Oct. 31 and to and from Tel...
Metals Acquisition to Raise Around $96 Million Through Institutional Placement
Metals Acquisition to Raise Around $96 Million Through Institutional Placement
Oct 9, 2024
05:05 AM EDT, 10/09/2024 (MT Newswires) -- Metals Acquisition ( MTAL ) said late Tuesday it priced an institutional placement of about 7.8 million new Chess Depositary Interests at 18 Australian dollars ($12.11) each to raise 140 million Australian dollars. The placement proceeds, together with existing cash, will help optimize the company's balance sheet and reduce debt after acquiring CSA...
Factbox-Arcadium deal to vault Rio Tinto into lithium supplier big league
Factbox-Arcadium deal to vault Rio Tinto into lithium supplier big league
Oct 9, 2024
(Reuters) -Rio Tinto said on Wednesday it would acquire Arcadium Lithium for $6.7 billion in an all-cash deal that would make it one of the world's largest lithium producers. The global miner would gain access to Arcadium's wide range of mines, processing facilities and deposits along with a customer base that includes automakers Tesla, BMW and General Motors. Rio's Rincon...
Vodafone, Google deepen AI ties across Europe, Africa
Vodafone, Google deepen AI ties across Europe, Africa
Oct 9, 2024
(Reuters) - Britain's Vodafone ( VOD ) said on Tuesday it has deepened its strategic partnership with Google in a ten-year, billion dollar plus deal that would bring the U.S. tech giant's new generative AI-powered devices to customers across Europe and Africa. (Reporting by Yadarisa Shabong in Bengaluru; Editing by Mrigank Dhaniwala) ...
Copyright 2023-2026 - www.financetom.com All Rights Reserved