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Latest IHI Stock News | OTC:IHICF | Benzinga

IHI Corp produces power systems and plants, large steel structures, marine machinery, aerospace engines, and other industrial solutions. The global company attempts to develop innovative solutions and engineering capabilities for multiple projects and maintenance platforms. Its products cover a wide range of functions, including energy supply and distribution, urban development, enhancing manufacturing processes, and utilizing technologies for air travel. Revenues are roughly split between the company's four business areas: resources, energy, and environment; social infrastructure and offshore facilities; industrial systems and general-purpose machinery; and aero engine, space, and defense. Asia accounts for the majority of total sales, with China and Japan being key regions.

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General Electric, IHI Join Forces To Develop Emission-Free Gas Turbines

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IHI Corp

<ul>
	<li>General Electric Co&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GE#NYSE">GE</a>) and Japanese heavy industry manufacturer&nbsp;IHI Corp&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/IHICF#OTC">IHICF</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/IHICY#OTC">IHICY</a>) agreed to jointly develop ammonia combustion technologies for heavy-duty gas turbines to generate electricity with reduced or near zero CO₂ emissions.&nbsp;</li>
	<li>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&nbsp;<a class="editor-rtfLink" href="https://www.ge.com/news/press-releases/ge-and-ihi-sign-memorandum-of-understanding-to-develop-gas-turbines-that-can-operate" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">turbines</a>.&nbsp;</li>
	<li>The companies will further define a technology roadmap to develop gas turbine technologies by 2030 that will enable GE&#39;s 6F.03, 7F, and 9F gas turbines to fire up to 100% ammonia safely and commercially competitively, with potential implementation across additional gas turbines in the future.</li>
	<li>Scott Strazik, CEO of GE Vernova, said, &quot;We hope that this collaboration will pave the way for power plant operators to pursue the adoption of carbon-free fuels such as ammonia for power generation in their GE gas turbines and significantly contribute towards lowering carbon emissions in the power sector globally.&quot;&nbsp;</li>
	<li>Hiroshi Ide, President of IHI Corporation, said, &quot;Through this collaboration with GE, we will focus our efforts on satisfying domestic and overseas demand for large-scale ammonia gas turbines, stimulating further demand for fuel ammonia and expanding the fuel ammonia value chain to rapidly realize a carbon-neutral society.&quot;</li>
	<li>The gas turbine market for the power industry will likely grow by $3.4 billion&nbsp;during 2022 - 2027 at a CAGR of 3.05%,&nbsp;Technavio&nbsp;says.&nbsp;</li>
	<li>The growth of distributed power generation base, increased CCGT power plants, and a focus on reducing carbon emissions&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/pressreleases/23/01/n30334188/gas-turbines-market-for-power-industry-growth-opportunities-led-by-ansaldo-energia-spa-and-bharat-" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">will likely propel the momentum</a>.</li>
	<li>Price Action:&nbsp;GE shares traded lower by 0.67% at $79.95 in the premarket on the last check Wednesday.</li>
	<li>Photo Via Company</li>
</ul>

<li>
		The SGX&reg; Nikkei 225 Index Futures tracks the activities and sentiment of the Japanese stock market.</li>


	<li>
		The index futures rose 1.52 percent on Thursday&#39;s trading; however, the Nikkei 225 Index declined 0.64 percent.</li>


	<li>
		Among the stocks comprising the Nikkei 225, the largest movers on Thursday were: IHI Corp (TYO: 7013) ((OTC: <a class="ticker" href="/stock/ihicf#OTC">IHICF</a>) (OTC: <a class="ticker" href="/stock/ihicy#OTC">IHICY</a>)), down 10.6 percent; Sumitomo Chemical Co Ltd (TYO: 4005) ((OTC: <a class="ticker" href="/stock/sommf#OTC">SOMMF</a>) (OTC: <a class="ticker" href="/stock/sommy#OTC">SOMMY</a>)), down 5.57 percent; Screen Holdings Co Ltd (TYO: 7735), up 3.67 percent; Trend Micro Incorporated (TYO: 4704) ((OTC: <a class="ticker" href="/stock/tmicy#OTC">TMICY</a>)), up 3.34 percent.</li>


	The Nikkei 225 Index fell 0.64 percent on Thursday; however, the futures rose 1.52 percent.

	Put simply, traders are predicting what&rsquo;s going to happen with the index by December, and they seem to believe it will surge. But, is there a way to play the futures&rsquo; performance over the short term without being exposed to high risks and collateral?

	<bzrelatedlink>Related Link: <a href="http://www.benzinga.com/markets/binary-options/15/09/5863595/binary-options-how-to-capitalize-on-stocks-moving-in-china-with">Binary Options: How To Capitalize On Stocks Moving In China With Low Collateral</a></bzrelatedlink>
<h3>
	What Are Binary Options?</h3>

	Investing via binary options is just that: Playing a binary event. &ldquo;Binary options are limited risk contracts based on a simple yes/no market proposition like will the markets go up by the end of the trading week,&rdquo; binary options trading site Nadex <a href="http://www.nadex.com/trade-binary-options.html">explained</a>.
<h3>
	Trading The Nikkei 225</h3>

	There is a way to capitalize from the moves of the Nikkei 225 Index futures without directly investing in the actual futures contracts. By purchasing binary options, investors can play something as simple as, &ldquo;Will the index future trade above 18,900 points this week?&rdquo;

	For investors thinking the answer is yes, buying the binary options might be the way to go. For those thinking the response is no, selling could be a better idea.

	<a href="https://en.wikipedia.org/wiki/Nikkei_225">This</a> is a list of the top five constituents of the Nikkei 225. This way, investors know what they are playing and can make a more informed decision regarding what they think will happen in the next few days.

	Disclosure: Javier Hasse holds no positions in any of the securities mentioned above.

	Image Credit: <a href="https://pixabay.com/en/japan-city-homes-shibuya-tokyo-871676/">Public Domain</a>

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