Volvo Adopt Renewable Fuels for Ocean Freight to Diminish Fossil CO2 Emissions by 84 Percent
The fuel utilised is Fatty Acid Methyl Esters (FAME) and is consist of renewable and sustainable sources, mainly waste cooking oil. No raw material or unprocessed material pertinent to palm oil or palm oil production is utilised.
July 06, 2023. By EI News Network
As the first worldwide car manufacturer to declare such a switch, the company will attain an immediate minimisation in fossil CO2 emissions from intercontinental ocean freight by 55,000 tonnes over a year. The CO2 emissions are minimised by around 84 percent compared to fossil fuel.
The minimisation is equivalent to the CO2 emissions of a full truck steering around the equator about 1,200 times.
The fuel utilised is Fatty Acid Methyl Esters (FAME) and is consist of renewable and sustainable sources, mainly waste cooking oil. No raw material or unprocessed material pertinent to palm oil or palm oil production is utilised.
Javier Varela, Chief Operating Officer and Deputy CEO of Volvo, said, “Renewable fuel is not the end game for removing CO2 from the world’s ocean freight needs.”
He further added, “Yet this initiative shows that we can act now and implement solutions that achieve significant results during the wait for long-term technological alternatives.”
When renewable fuel is not present on a particular shipment, renewable fuel allocation is instead utilised by the logistics partner for another consumer’s route elsewhere, so the overall minimisation in fossil fuel use is kept proportionate with actual use in container vessels.
The methodology called mass-balancing, is third-party audited regularly. The renewable fuel itself is validated and not manufactured in competition with food crops. It is therefore sustainable as per the EU Renewable Energy Directive.
The company's ambition is to reduce our lifecycle carbon footprint per car by 40 percent between 2018 and 2025, which requires a 25 percent minimisation in operational emissions, comprising logistics. It also intending for climate-neutral manufacturing by 2025. Both these milestones are significant moves toward the climate-neutral ambitions.
Volvo Cars was established in 1927. This is reflected in its aim to become a completely electric car manufacturer by 2030 and in its pledge to an ongoing minimisation of its carbon footprint, with the target to be a climate-neutral company by 2040.
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