
UK invests $340 million in clean tech for air travel
View of Airbus ZEROe hydrogen-powered fuel cell engine project at the 55th International Paris Airshow at Le Bourget Airport near Paris, France, June 16, 2025. REUTERS/Benoit Tessier
PARIS (Reuters) -Britain said it would invest 250 million pounds ($340 million) in technology to make air travel greener, backing research into zero-emission flying, laser-beam manufacturing and cutting aircraft drag, to help boost the country's aerospace industry.
Britain said the funding for research and development projects led by Airbus, Rolls-Royce and a number of smaller companies and academic partnerships, would attract more private investment into the sector and add new jobs.
Industry Minister Sarah Jones is due to announce the new funding at the Paris Airshow on Tuesday, backing a number of projects which include the development of infrastructure for testing liquid hydrogen systems, fuel cell systems and developing lightweight materials.
The funding announcement came ahead of the government's industrial strategy, expected to be published later this month, and which will aim to help grow the country's defence and advanced manufacturing sectors.
Jones said supporting the major contractors was "incredibly important", but the government also wanted to encourage more start-ups in the sector.
"Getting the supply chain of smaller businesses ready is the challenge, and that's what we want to build up in the UK," she said in an interview.
Airbus UK chairman John Harrison said the funding gave the industry the confidence and stability needed to fuel innovation.
"It's initiatives like these that are absolutely critical to accelerating our decarbonisation journey and advancing sustainable, cutting-edge manufacturing," he said.
($1 = 0.7351 pounds)
(Reporting by Paul Sandle, writing by Sarah Young, editing by William James)
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


The Star
14 minutes ago
- The Star
South Korea and Japan to hold summit on sidelines of G7 summit
South Korean President Lee Jae-myung (left) will hold a summit with Japanese Prime Minister Shigeru Ishiba on the sidelines of the G-7 summit on June 17 in Canada. - AFP/REUTERS via ST/ANN SEOUL: South Korean President Lee Jae-myung will hold a summit with Japanese Prime Minister Shigeru Ishiba on the sidelines of the G7 summit on Tuesday (June 17) in Canada, according to Lee's office. Lee, who was sworn into office earlier this month after winning the June 3 snap presidential election, is visiting Canada on his first trip abroad for the Group of Seven summit. It became "difficult" to hold a meeting between Lee and US President Donald Trump as planned after Trump was leaving the summit early, National Security Adviser Wi Sung-lac told a briefing. Washington had asked for Seoul's understanding, Wi said. Lee held talks with Australian Prime Minister Anthony Albanese and South African President Cyril Ramaphosa on Monday, his office said. Seoul and Washington are holding working-level tariff talks, as the two sides try to agree on a deal seen as crucial for South Korea's export-oriented economy. South Korea's key sectors ranging from chips to vehicles and shipbuilding are heavily exposed to global trade. Lee, a left-leaning leader, has said pragmatism was key to his diplomacy and he would continue with security cooperation between South Korea, Japan and the United States. - Reuters


The Star
30 minutes ago
- The Star
Thai cabinet approves $1.2 billion bid to host Formula 1 race in 2028
FILE PHOTO: Formula One F1 - Monaco Grand Prix - Circuit de Monaco, Monaco - May 22, 2025 General view of the F1 logo ahead of the Monaco Grand Prix REUTERS/Stephanie Lecocq/File Photo BANGKOK (Reuters) -Thailand's cabinet has approved a $1.2 billion bid to host a Formula One street race in its capital Bangkok in 2028, government officials said on Tuesday. If successful, the Thai capital would win a contract to host a race each year from 2028 to 2032, government spokesperson Jirayu Houngsub told a news conference. "In the next 2-3 years, Thailand will have world-class competition, which we never thought would actually happen in Thailand," Jirayu said. Tourism Minister Sorawong Thienthong told reporters the bid is worth about 40 billion baht ($1.23 billion). In March, Thai Prime Minister Paetongtarn Shinawatra met with Formula One chief Stefano Domenicali and said Thailand would commission a feasibility study into hosting a Grand Prix on a Bangkok street circuit from 2028. Hosting the race will help promote tourism, a key driver of Thailand's economy, the government has said. Formula One already has a crowded schedule of 24 races around the world with four in the Asia-Pacific region, including the Singapore Grand Prix in Southeast Asia. Thailand has an FIA-accredited track in Buriram in the northeast of the country, which currently hosts a round of the MotoGP motorcycling world championships, but the proposal is for a street race in the kingdom's capital. ($1 = 32.52 baht) (Reporting by Panarat Thepgumpanat; Writing by Orathai Sriring; Editing by David Stanway and John Mair)


New Straits Times
an hour ago
- New Straits Times
Petronas expects ENI upstream joint venture to be set up in 1-2 years
KUALA LUMPUR: Malaysian state energy company Petronas said on Tuesday it expects to take one to two years to set up a planned joint venture with Italian energy group Eni on upstream assets in Indonesia and Malaysia. The companies announced a joint venture framework, moving forward with a pact signed in February that they said can deliver up to 500,000 barrels per day of oil equivalent (boe), combining about 3 billion boe of reserves with an additional 10 billion boe of potential exploration upside. "Asia has huge, huge potential," Eni CEO Claudio Descalzi told Reuters on the sidelines of the Energy Asia conference in Kuala Lumpur. "The cooperation between countries, to find synergies and exchange energies and put together resources and competencies, is essential. And that is a very strong example, Indonesia and Malaysia together," Descalzi said. The asset combination focuses on Indonesia's Kutai Basin, where Eni's portfolio includes developments in the Northern and Gendalo-Gandang hubs, which hold substantial gas reserves. "The whole idea of having this as a combination is to have an independent entity created in order to be self-financed," Mohd Jukris Abdul Wahab, executive vice-president and CEO - upstream at Petronas, said at the conference. Petronas has said it was looking to include oil and gas projects in Indonesia's Kutai Basin in the planned joint venture, proposing to swap interests for its assets in Malaysia and Indonesia with Eni's blocks there. However, Petronas said it would exclude Indonesian assets recently awarded to the company, such as the Binaiya and Serpang blocks. The companies said they aimed to finalise their agreement by this year-end, with completion thereafter subject to regulatory approvals.