|Bid||2,668.50 x 0|
|Ask||2,670.50 x 0|
|Day's Range||2,648.00 - 2,712.00|
|52 Week Range||2,648.00 - 4,130.00|
|Beta (5Y Monthly)||1.48|
|PE Ratio (TTM)||N/A|
|Earnings Date||Feb 05, 2024 - Feb 09, 2024|
|Forward Dividend & Yield||100.00 (3.63%)|
|Ex-Dividend Date||Mar 28, 2024|
|1y Target Est||3,909.10|
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Japan's IHI Corp has started studies on possible conversion of liquefied natural gas (LNG) receiving and storage terminals located close to gas-fired power plants into ammonia-based facilities, it said on Wednesday. IHI will look at possibility to modify LNG terminals in the second half of this decade, as it wants to use ammonia - a carbon-neutral fuel - for boilers and gas turbines, it said. Last week, IHI agreed with General Electric's turbine manufacturing unit to develop gas turbines operating on ammonia to reduce carbon dioxide emissions.
General Electric (GE) signs an MOU with Japan's IHI to develop technology by 2030 that would allow some of GE's existing gas turbines to safely burn 100% ammonia.
General Electric Co (NYSE: GE) and Japanese heavy industry manufacturer IHI Corp (OTC: IHICF) (OTC: IHICY) agreed to jointly develop ammonia combustion technologies for heavy-duty gas turbines to generate electricity with reduced or near zero CO₂ emissions. In June 2021, GE and IHI agreed to conduct an economic assessment for using ammonia as a carbon-free fuel for existing and new gas turbines. The companies will further define a technology roadmap to develop gas turbine technologies by 2030 th