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Innovative Strategy Reduces Cargo Ship Emissions by 17.3%

global trade ship

Innovative Strategy Reduces Cargo Ship Emissions by 17.3%

A groundbreaking approach known as the “Blue Visby Solution” has demonstrated significant reductions in cargo ship emissions during its first trials, achieving a 17.3% decrease without any modifications to the ships themselves. This innovative method focuses on smarter speed and timing management to eliminate inefficiencies.

Read also: Changes in Agrifood Production Can Cut Greenhouse Emissions by a Third

Shipping, while efficient for bulk goods transport, accounts for about 3% of global man-made carbon emissions and is challenging to decarbonize. Traditional solutions like hydrogen, green ammonia, and sail-wings are being explored, but the Blue Visby Solution offers a simpler alternative by changing operational practices.

Typically, cargo ships follow a “sail fast, then wait” (SFTW) approach, racing from port to port and often waiting idly, burning fuel until it’s time to dock. The Blue Visby Solution proposes slowing ships down to arrive just in time, reducing hydrodynamic drag and consequently cutting fuel consumption and emissions.

A study of 3,651 Panamax vessels showed a potential median emission reduction of 23.2%. Another broader study by NAPA involving 150,000 voyages from 13,000 ships in 2019 suggested a 16% reduction by slowing down by an average of just one knot.

Recent trials with two bulk carriers, M/V Gerdt Oldendorff and M/V Begonia, confirmed these projections, recording CO2 reductions of 28.2% and 12.9% respectively. The overall average reduction was 17.3%.

Despite the promising results, shifting from the deeply entrenched SFTW practice presents a significant challenge. The Blue Visby Consortium has addressed this by developing a benefit-sharing mechanism, incentivizing all stakeholders, including ship owners, charterers, and ports, to participate.

Beyond emissions and fuel savings, the solution offers additional benefits such as reduced hull fouling, improved air quality at ports, and lower underwater noise pollution.

As decarbonization technologies evolve, the Blue Visby Solution’s efficiency gains will complement these advancements, making it a crucial element in maritime decarbonization strategies. With continued trials and anticipated commercial deployment, this method holds promise for a more sustainable future in global shipping.

reusable packaging

How to Make Reusable Packaging Scalable for Better Sustainability

Manufacturers, supply chain workers and the packaging industry must collaborate to make reusable packaging scalable for a greener planet. Single-use containers should have never become the norm, as the byproducts litter landfills, oceans and communities. Reusable packaging at scale is possible with commitment, overcoming financial fears, and understanding its long-term benefits and eco-conscious impact. 

These imperative suggestions will guide every sector to ethical packaging to reduce greenhouse gas emissions.

Recognize Price Is Not the Issue

Many manufacturers refuse to transition to more ethical packing materials because of costs. Industries have created a narrative that reusable packaging is more expensive, but this is not true, even with a rise in overall demand and consumerism. Single-use packaging makers know they can upcharge their products because of heightened demand, making prices competitive. 

Manufacturers have never challenged their mental associations with single-use options and cost-effectiveness because single-use has historically trended cheaper. Now is the time to reevaluate. The cost of materials has risen 23% in two years. Compounding that with the energy and labor costs of making it usable for clients marks it up even more to a staggering 80% spike. 

By 2024, reusable alternatives will be cheaper than single-use when considering the big picture.

Outside of internal costs are recycling and disposal charges called eco-taxes. Concepts like carbon taxes and extended producer responsibility add millions more to budgets to account for wanton waste disposal. Manufacturers and packing companies avoid these fees with reusable packaging at scale.

Abate Hygienic Concerns

Public concerns over the cleanliness of reusable packaging are a primary deterrent to consumer buy-in. Around 38% of customers say reusable products need to be cleaner. These feelings are leftover from events like the COVID-19 pandemic, which prevented reusable packaging in places where it had become ubiquitous, like coffee shops. 

Companies must tackle this issue, not consumers. It is a scaling concern because the more confident customers become about the safety and cleanliness of products, the faster supply chains rewrite assumptions about sustainable packaging. Eliminating fear increases profits, making eco-conscious options even more inexpensive. These are a few routes manufacturers can take to ease concerns:

  • Offering sanitation stations in bulk stores for consumers and staff
  • Publishing footage on in-house cleaning processes throughout the supply chain
  • Posting educational resources for customers on how to detect unclean or defective reusable packaging and how to clean their own 

Lobby for Legislation

Regulations unfold at the speed of sound when corporations make their voices heard. If all manufacturers gathered together to tell their national governments how much of a priority reusable packaging was, meaningful collaborations and conversations would manifest in trying to make that happen. It would become a forced priority instead of a voluntary one. 

Reusable packaging does not scale well right now due to a failure in commitment. Many companies run trials or tests for research purposes to see how well circular packaging performs. Enterprises see the data, obtain the press for embracing environmental, social and governance goals, and continue business as usual. Higher customer engagement must motivate continued efforts instead of representing a temporary boon in publicity. Trials should continue. Supply chains must see it as the first step to commercial adoption.

Further testing allows corporations to hone in on the key performance indicators that match their ESG and corporate social responsibility objectives. Businesses must make testing reusable packaging an even higher priority if results are not as expected or wanted from a single trial run. Companies should experiment until they find the hidden value potential behind a reusable packaging model.

Optimize Reusable Packaging for Shipping

Many reusable packages are heading to pallets, into trucks and across nations to customers. Transporting it and what is inside might be the most expensive part of the process. It does not have to be if companies optimize the containers for efficient shipping, making it easier to scale in even the most considerable quantities.

For example, creating a bottle with a square base allows more to fit in a box or truck while minimizing the negative space circular versions would create.

Reinforcing packaging during transport is another way to save costs. Workforces will mark less inventory as waste if fewer units are damaged from shipping vibrations and collisions and collisions in transit. Reusable packaging creates sustainable reinforcement solutions that solidify financial foundations while improving the product’s scalability.

Create Refills Without a Need for Packaging

Developing infrastructure to return materials is the ideal setup for most supply chains. Corporations could have local kiosks, drop-off points, pickup services or other solutions to reclaim materials consumers purchased. Supply chains and manufacturers would then clean, recycle and repurpose the same packaging materials for new products. It requires choosing infinitely recyclable materials like glass or using more creative alternatives. 

For example, compostable packing peanuts can stay with customers for their piles or go back to providers to nourish the lands they use for sustainable lumber for paper and wood-related packaging products.

A take-back system is ideal, but plenty of reusable packaging models exist. Cleaning company Blueland and supplement business Mushroom Design sell glass containers for their products only once. Customers purchase refills and concentrates with less or no packaging to place back into the glass containers. People may buy refills online or supply chains can partner with grocery stores or other local programs to create waystations for topping off products without unnecessary shipping costs and packaging.

These structures make reusable packaging at scale simpler. It reduces packaging costs because more products do not have it. Additionally, providing refill points for consumers is infinitely scalable, reducing the obstacle of convenience customers associate with reusable packaging.

Reusable Packaging at Scale Is a Reality Now

These are the best ways for manufacturers to make a difference in sustainable packaging. Modern research shows how cost-effective it is to consider the planet first and profits second. In the next few years, sustainable packaging will be an avenue for scaled growth and more resilient bottom lines. The transition garners brand loyalty and the likelihood of locking customers in for the long term. 

The only action manufacturers must take is to be transparent about their reusable packaging decisions and advocate for standardization to make it a global norm.

system

WELTEC BIOPOWER Unveils WB Control: The Next Generation Biogas Plant Management System

WELTEC BIOPOWER, a leading provider of biogas plant solutions, has introduced an innovative user interface for its biogas plant control systems, marking a significant upgrade in functionality and usability. The new system, WB Control, offers enhanced process optimization capabilities alongside an intuitive user interface designed for clarity and efficiency.

Under the unified name WB Control, the system combines the functionalities of previous control systems, LoMos and CeMos, catering to both small and complex industrial biogas plants. This web-based software provides operators with rapid access to critical system parameters and a customizable dashboard for real-time monitoring. Multiple users can access WB Control simultaneously, ensuring seamless collaboration.

Wolfgang Bokern, Head of Technology at WELTEC BIOPOWER, underscores the focus on meeting the evolving needs of plant operators and investors for comprehensive and transparent monitoring, especially for continuous process optimization.

The biogas plant control system from WELTEC BIOPOWER is receiving a general update: This includes new functionalities for process optimization as well as a user interface that provides a quick and comprehensive overview of the entire plant thanks to a symbolism designed according to the latest findings and clarity in the display.

WB Control facilitates the creation of customized diagrams and reports, offering daily, monthly, or annual overviews of key metrics for energy planning and peak load avoidance. New features like FellowFeed and GuidoFill streamline the feeding process, enhancing operational efficiency. Furthermore, the system’s alarm management ensures prompt notification of system malfunctions, enabling quick response and remote troubleshooting by WELTEC BIOPOWER’s service team.

Key advantages of WB Control include simplified feeding processes, clear visualization of system processes, efficient navigation, extensive business evaluation options, exportable reports for compliance purposes, and intuitive user interface with tooltips. Additionally, the system is compatible with other systems and can be accessed via web browsers on mobile devices, offering flexibility and convenience to users.

WB Control represents a significant advancement in biogas plant management, empowering operators with enhanced monitoring and control capabilities to optimize plant performance and ensure regulatory compliance.

green hydrogen

The Growing Green Hydrogen Market: A Sustainable Energy Revolution

Introduction 

In the search for a sustainable and clean energy future, green hydrogen has emerged as a frontrunner. Green hydrogen is poised to be pivotal in reducing carbon emissions and transitioning to a low-carbon energy landscape. Here we explore the burgeoning green hydrogen market, its potential, challenges, and the promise it holds for a greener world.

What is Green Hydrogen? How is it formed? 

Green Hydrogen is a hydrogen gas produced through a process known as electrolysis, using renewable energy sources like wind or solar power. Unlike conventional hydrogen production methods, which often rely on fossil fuels, green hydrogen is considered environmentally friendly and sustainable as it is produced using clean, renewable energy. 

The process of green hydrogen production involves splitting water (H2O) into its two constituent elements, hydrogen (H2) and Oxygen(O2). Electrolysis takes place within an electrolyzer, which requires electricity to drive the chemical reaction. When this electricity originates from renewable sources like wind or solar, the hydrogen produced is termed “green” because it has minimal impact on the environment and does not generate greenhouse gas emissions. 

Why is it necessary?

Green Hydrogen is necessary to address the pressing challenges of climate change and transition to a sustainable, low–carbon energy future. As the world grapples with the devastating effects of greenhouse gas emissions, green hydrogen offers a vital solution for several prospects:

First and foremost, green hydropower is essential in the battle against climate change. It provides a means to decarbonize sectors that are traditionally hard to electrify, such as heavy industry and long-haul transportation. By replacing fossil fuels with green hydrogen in these applications, we can significantly reduce carbon emissions, helping to limit global warming and its catastrophic consequences. 

Moreover, green hydrogen supports the integration of renewable energy sources like wind and solar power. It acts as an energy carrier that can store excess renewable energy, addressing the intermittency of these sources and ensuring a stable and reliable energy supply. Additionally, green hydrogen enhances energy security by Reducing reliance on fossil fuels, promoting energy independence, and fostering local production. It also drives technological innovation and economic growth, creating new job opportunities and promoting a sustainable energy ecosystem.

Applications:

  • Transportation– Fuel cell vehicles powered by green hydrogen offer a clean alternative to traditional gasoline-powered vehicles.
  • Industry– Green Hydrogen can be used in industrial processes, such as steel and ammonia production.
  • Energy Storage – Green Hydrogen can store excess renewable energy and release it when needed, supporting grid stability.
  • Heating– Hydrogen can be used for heating in residential and commercial buildings.

Market dynamics:

The size of the green hydrogen market is anticipated to exceed USD 515.66 billion by the end of 2025, expanding at a CAGR of 61% between 2023 and 2035. By 2022, the green hydrogen market was worth about USD 1.7 billion. The market is likely to develop as a result of electrolyzers’ increasing capacity, which is predicted to increase the generation of green hydrogen. By 2030, installed electrolyzer output should reach 134–240 GW, double that of the previous year’s predictions. The yearly production capacity of electrolyzers has increased to around 8 GW, nearly double from the previous year. Moreover, by 2030, home consumption is likely to have the largest electrolysis (green hydrogen generation) capacity in the world, at about 60 GW/5 million tons. 

Key factors aiding the market’s growth:

  • Clean Energy source– Green hydrogen is produced using renewable energy sources like wind and solar power. This means it generates minimal to no greenhouse gas emissions during its production, making it an environmentally friendly and sustainable energy source.
  • Versatility– Green hydrogen has a wide range of applications across various sectors. It can be used in transportation to power fuel cell vehicles, in the industry for processes like steel and ammonia production, for energy storage, and as a clean alternative to fossil fuels in heating and electricity generation.
  • Energy Storage-Hydrogen can store excess renewable energy, which is especially valuable for balancing the intermittent nature of wind and solar power. It can be used to store surplus energy during periods of high production and release it when demand is high or when renewables are not producing energy.
  • Reducing Carbon Emissions– The use of green can significantly reduce carbon emissions in industries and applications where it replaces fossil fuels or other high-emission energy sources. This is crucial in the fight against climate change and meeting emissions reduction targets. 
  • LongTerm Sustainability– Green Hydrogen has the potential to be along long-term and sustainable energy solution, contributing to a reduction in sustainable energy solution, contributing to a reduction in fossil fuel dependency and a more sustainable future for generations to come.
  • Energy Security– Hydrogen can be produced locally, reducing dependence on imported energy sources. This enhances energy security and resilience, especially in regions with abundant renewable resources.

Regional Aspects:

In Europe, mainly due to increasing electrolyzer production capacities, the Green Hydrogen industry has a major market. In a joint declaration signed by the commissioner of the European Commission and 20 CEOs from related industries, the business agreed to tenfold its capacity to reach 17.5 GW per year for producing electrolyzers by 2025.

Segmentation Aspect-:

The industry for green hydrogen is split into two categories based on application: transportation and power generation. The bulk of the market share will go to the transportation sector. The government’s growing endeavors to develop a green hydrogen-based transportation system are blamed for the development. Additionally, the growing popularity of fuel-cell electric cars is anticipated to support the segment’s expansion. More than 40,000 fuel cell electric vehicles worldwide have been put into service since June 2021, of which almost 90% are in four countries: Korea, the USA, China, and Japan.

Key Players in the Industry

  • Siemens Energy- Energy transition is the greatest challenge our generation faces. The company reduces emissions while also increasing energy supply. The company’s mission is to support companies and countries with what they need to reduce greenhouse gas emissions and make energy reliable, affordable, and more sustainable.
  • Cummins Inc.- In both China and India, Cummins has evolved to become one of the largest engine manufacturers. But Cummins is more than an engine manufacturer, it’s a global leader in the manufacture of diesel and natural gas engines, hybrid engines, and generators, and it’s about to enter the electrified power market.
  • Linde plc– With a 2022 sales volume of $33 billion, Linde is the world’s leading industrial gas and engineering company. They aim to make our world more productive every day through the provision of high-quality solutions, technology, and services that result in a higher level of success for customers who help maintain, decarbonize, and protect their planet.

Green Hydrogen Latest Trends:

Green hydrogen projects are making headlines more often. Significant global breakthroughs and investments in green hydrogen have developed in the last year:

  • An investment of EUR 4 billion is planned by the Norwegian steel company Blast Green Steel to build a low-carbon steel plant in Finland that would be one of the largest industrial projects in the Nordic country.
  • Spain sees itself as Europe’s future leader in the production of green hydrogen to clean up the heavy industries, thanks to its abundance of sun and wind. However, some energy sector experts are concerned about the rapid growth of an industry that will be wholly dependent on a massive increase in the availability of zero-carbon electricity.
  • The government in the United States is allocating a significant amount of funds to clear hydrogen initiatives. And the states, too, are beginning to act. For instance, New York has signed an agreement with neighboring countries and 40 hydrogen ecosystem partners to establish a regional Hydrogen Hub to stimulate green hydrogen energy innovation and investment.
  • Normandy, France is receiving 12 electrolyzers from Siemens Energy, totaling 200 megawatts in capacity. They will be used in the Normandy project by Air Liquide, a global leader in gases, technologies, and services for industry and health. Air Liquide’s project in the Port-Jérôme industrial zone will generate 28,000 tons of renewable hydrogen per year for use in industry and the transportation sector starting in 2026. A road truck powered by hydrogen could travel 10,000 times around the globe with this much fuel.
  • The first hydrogen passenger train in North America is being powered by AcceleraTM by Cummins, the zero-emission business division of Cummins Inc. (NYSE: CMI), which represents a critical turning point and important advancement in the region’s shift to clean urban transportation. Alstom, the world leader in green and smart mobility, makes the train, the Coradia iLint.

Conclusion:

The green hydrogen market is a promising frontier in the transition to a sustainable energy future. While challenges exist, investments in research development and infrastructure are accelerating its growth. As the world seeks cleaner energy alternatives to combat climate change, green hydrogen’s potential to reduce carbon emissions and support a cleaner, greener future cannot be underestimated. This market’s evolution will be a critical factor in the fight against climate change and the realization of sustainable energy revolution. 

Source: 

https://www.researchnester.com/reports/green-hydrogen-market/4778

 

scope autoo2 trax

Navigating the Green Landscape: Organizations Face Challenges in Scope 3 Emission Reporting

A recent study by Ivalua sheds light on the growing concerns within U.S. organizations regarding unintentional greenwashing, with 45% expressing worries about the legitimacy of their green claims. As the pressure from both customers and regulators intensifies, the focus is on ensuring that all environmental claims are accurately substantiated.

The research reveals that only 48% of organizations feel “very confident” in accurately reporting on Scope 3 emissions, a crucial aspect of environmental impact. A significant 62% admit that reporting on Scope 3 emissions is more of a “best-guess” measurement, highlighting the need for more precise and verifiable data.

While the Securities and Exchange Commission considers incorporating Scope 3 emissions in its final Climate Disclosure Rule, it is imperative for U.S. organizations to proactively manage and improve Scope 3 reporting. The study emphasizes the importance of moving beyond best guesses and adopting a more data-driven approach to support green claims over time.

Despite 88% of organizations expressing confidence in meeting net-zero targets, the study identifies gaps in comprehensive plans for various sustainability initiatives:

– Adopting renewable energy (78%).
– Reducing carbon emissions (68%).
– Embracing circular economy principles (72%).
– Decreasing air pollution (67%).
– Mitigating water pollution (63%).

Jarrod McAdoo, Director of Sustainable Procurement at Ivalua, underscores the urgency for organizations to address sustainability. He emphasizes that obtaining Scope 3 data is a crucial step in the maturation process of sustainability programs, even if they may currently rely on estimated data.

The study also highlights the importance of collaboration with suppliers in achieving net-zero goals. Over half (51%) of organizations believe that green initiatives not involving suppliers are ineffective. Challenges in supplier collaboration include resistance to emission reduction (27%), competing priorities such as cost and risk (24%), incomplete or unreliable sustainability data (22%), and poor visibility into sub-tier suppliers (18%).

To build trust and credibility in sustainability programs, the study suggests that organizations should focus on finding effective ways to measure and gauge the impact of Scope 3 emissions. While achieving absolute accuracy might be challenging without substantial investment, organizations are encouraged to equip procurement teams with good data and insights for meaningful progress.

In conclusion, the research underscores the need for a smarter approach to procurement, with granular visibility into supply chains and effective collaboration with suppliers. This transparency is crucial for showcasing meaningful sustainability progress and avoiding accusations of greenwashing in the long run.

trax

Trax Empowers Pharma Companies for California’s Climate Reporting Regulations

Trax Technologies, a pioneer in Transportation Spend Management (TSM) solutions, is playing a pivotal role in equipping pharmaceutical companies with a strategic advantage in addressing the upcoming California climate reporting regulations. Leveraging its proficiency in European Sustainability Reporting Standards, Trax is aiding enterprises to navigate the complexities of emissions reduction, particularly in the context of Scope 3 emissions, which constitute a significant portion of the carbon footprint within the pharmaceutical industry.

A recent analysis by McKinsey underscored that approximately 75 percent of emissions across the value chain for pharmaceutical companies fall under Scope 3, with half of the total emissions originating from upstream activities, specifically in the purchased goods and services category. Trax’s proactive approach in preparing enterprise shippers and pharma manufacturers extends beyond the national realm, encompassing compliance with global reporting requirements such as the European Commission’s Corporate Sustainability Reporting Directive (CSRD), the International Sustainability Standard Board (ISSB) climate-related disclosures, and the Securities and Exchange Commission (SEC) climate-related disclosures.

Steve Beda, Executive Vice President of Customer Success at Trax, emphasized the company’s readiness for SEC Climate reporting regulations and highlighted the advantage this readiness provides to pharma companies facing the imminent challenges posed by the forthcoming California Climate Corporate Data Accountability Act. The act mandates companies with revenues of $500 million to report Scope 1 and 2 emissions in 2026 and Scope 3 emissions in 2027.

Uniquely positioned to address the diverse needs of global enterprises, Trax is aligning its efforts with the California climate reporting standards, notably EN 16258. This standard, adopted by the European Union for the CSRD, serves as the foundation for Trax’s reports and promotes consistency in calculating and reporting greenhouse gas emissions from transportation. Trax’s Carbon Emissions Manager emerges as a valuable tool for pharmaceutical companies, enabling them to meticulously assess their carbon footprint by gathering and analyzing data from every segment and vendor within their supply chain.

As the pharmaceutical industry grapples with the impending challenges of emissions reduction and reporting, Trax’s comprehensive solutions empower companies to implement sustainable practices that not only enhance operational efficiency but also contribute to environmental well-being. In essence, Trax is spearheading the charge to prepare pharmaceutical enterprises for a future where climate accountability is paramount.

green logistics

Green Logistics: Steering Towards a Carbon-neutral Future in Global Trade

Climate change is a global challenge with a far-reaching impact on world economies. As such, companies must adopt green logistics in today’s global trade. Green logistics benefits businesses, allowing your company to save money and the environment while also meeting consumers’ desire to support sustainable companies.

Your supply chain and overall logistics are critical areas to focus on when it comes to sustainability. Your company can develop a green logistics policy with advanced technologies and strategies. Doing so will allow you to reap significant benefits from a greener approach to production and delivery in a global economy while working toward a carbon-neutral future.

Strategies for Achieving Carbon-neutral Logistics Goals

Building a greener supply chain and achieving carbon neutrality are top priorities for businesses in the shipping industry. There are a few particular areas you can focus on to work toward those goals:

Maximizing Shipping Efficiency

Businesses must determine their total carbon emissions from product transportation. That includes production emissions, packaging, and fuel for shipping. With a carbon footprint calculator, your business can develop an effective decarbonization plan to maximize shipping efficiency. 

The logistics industry relies on fossil fuels, such as freight carriers and trucks, to operate shipping transports. One way to reduce the industry’s carbon footprint is to slow down these vehicles, as slower transports burn less fuel. Harnessing the wind to speed up ship transportation is another green option for your business to consider. Additionally, delivery businesses can offset future carbon emissions by investing in electric or hybrid vehicles.

If investing in a new fleet isn’t a realistic option for your business, you may consider a split inventory strategy instead. A split inventory strategy is when a company has many locations, with some inventory stored at each one. It allows for more efficient order fulfillment by shipping from a location close to a customer.

Minimizing Packing and Inventory Waste

Minimizing packaging and inventory waste is another way to reduce carbon emissions. Try to decrease the amount of materials needed to package your products. Whenever possible, use materials that are better for the environment for packaging.

Further, if your company has too many products, that increases its carbon footprint. Excess inventory can harm the environment due to the pollution and waste associated with packaging, transit, and storage — in addition to the negative impacts it can have on your bottom line.

You can avoid these pitfalls by using forecasting strategies or a demand plan. A demand plan involves an appraisal of your current products, safety stock, and turnover ratio. You may find inaccurate inventory data after conducting an in-depth stock review, but that’s the purpose of the demand plan. You can avoid costly inventory issues using advanced warehouse management or wholesale software programs.

Technology and Sustainability Equals Efficiency

Your businesses can work to identify and solve supply chain problems using advanced technology. A supply chain’s feasibility has everything to do with its efficiency or lack thereof. Your business needs the right tech programs to effectively view and run supply chains from beginning to end, and ensure each link in the chain is as sustainable as possible.

Cloud-based computing reduces carbon emissions while increasing energy efficiency. If your business houses traditional servers, they produce heat; therefore, your data center must use cooling systems to prevent server overheating. That process adds to your business’s carbon footprint through energy waste. Moving data to the cloud reduces the carbon emissions from air conditioners and cooling systems. Finally, logical order fulfillment backed by digital management can shorten your supply chain, lowering emissions.

Further, IoT (Internet of Things) and AI platforms can analyze and predict your organization’s supply chain logistics. These programs may save your business money while lessening its carbon footprint. Furthermore, these transparent programs will help your company meet global net-zero goals.

The Branding Benefits of Carbon-neutral Policies

Companies using sustainable practices have seen a positive increase in public perception. A growing number of consumers have concerns about the changing climate and want to support sustainable businesses that are working to minimize their own environmental impacts.

You can cultivate goodwill and expand your market by addressing customer demand for carbon-neutral shipping and packaging. Transparency regarding your company’s carbon-neutral policies is a smart way to create an association between your brand and green logistics. Let customers know the types of eco-friendly packaging and materials you use, such as corrugated bubble wrap, bioplastics, and plant fibers.

Company branding linked with forward-thinking approaches to carbon neutrality can lead to higher sales, a larger consumer base, and a healthier environment.

Getting Your Team to Go Green

While the benefits of going green are clear, getting buy-in from your team is key for these changes to work in the long term. Your employees will make decisions in their daily work that directly impact your organization’s ability to achieve its goals.

However, employee buy-in needs to be earned. It occurs through project transparency, asking for feedback, and implementing employee ideas. Teamwork is critical to success, so asking for and listening to your employees’ concerns is necessary. You can also use creative activities to encourage team bonding and brainstorming for new projects.

Company leaders should always recognize employee contributions through meetings, feedback, notes, or emails. If you don’t acknowledge employee input, getting employees on board with the new policy is much harder. Employees who feel seen and respected are likelier to show more effort and be open-minded to shifting policies and projects.

A Sustainability Role on the Global Stage

The ongoing climate crisis is causing many companies to transition toward a low-carbon economy. Net-zero carbon policies may improve global trade patterns, moving the business world toward reducing wasted energy, production, and consumption. By using green strategies and technologies, your business can stake its claim with a carbon-neutral role on the global trade stage.

goodshipping

GoodShipping Expands Green Initiatives to Revolutionize Road Transportation Decarbonization

GoodShipping, the renowned carbon insetting leader, is delighted to unveil its latest venture into the realm of decarbonization services for road transportation. This move follows their groundbreaking success in pioneering carbon insetting for marine transport since 2017, showcasing their commitment to enhancing emission reduction solutions for both customers and the environment. It’s a vital step, considering that truck freight currently contributes to a staggering 16% of global transport emissions, and projections suggest this could surge to 25% by 2030 if immediate action is not taken.

Recognizing the pressing need to address this challenge, GoodShipping has expanded its solutions to encompass the road transportation sector, with the aim of reducing scope 3 emissions from transport.

Decarbonizing Supply Chains

In line with their highly successful approach in marine transportation, GoodShipping is orchestrating a seamless transition from fossil fuels to sustainable biofuels for road transport. This approach aligns with the concept that all carbon emissions contribute to the same atmosphere. Thus, any carrier utilizing biofuel signifies a reduction in fossil fuel emissions in the atmosphere. GoodShipping collaborates closely with an independent third-party verification partner to rigorously review procedures and calculation methods, ensuring the accurate allocation of carbon reductions to clients.

Through GoodShipping’s insetting services, cargo owners can now make their supply chains more environmentally friendly, even if they don’t own the means of transport used for shipping their goods. In return, cargo owners receive CO2e credits, bringing them closer to their sustainability objectives while showcasing their commitment to mitigating scope 3 emissions and promoting the adoption of biofuels.

A Successful Pilot Implementation

As part of their unwavering commitment to continuous improvement, GoodShipping initiated a pilot program to test and optimize their road insetting service. During this pilot, the road insetting service was trialed by a variety of international clients, including JAS Worldwide, Raben, Scan Global Logistics, and Hellmann Worldwide Logistics. Following successful evaluations, GoodShipping is now offering its road insetting services to all businesses seeking sustainable land-based freight transportation solutions.

Andrea Goeman, SVP Sustainability at JAS, expressed their enthusiasm for the expanded collaboration: “We are thrilled to collaborate with GoodShipping not only on sustainable marine biofuel but also on biofuel for road transport. This expansion of their insetting solutions aligns with our commitment to environmental sustainability and allows us to further create value for our customers.”

Jens Wollesen, COO of Hellmann Worldwide Logistics, emphasized their strategic focus on sustainability and the reduction of CO2 emissions, highlighting how the partnership with GoodShipping enables their customers to reduce Scope 3 emissions from land transport as part of their global seafreight supply chains.

Martin Andersen, Global Head of Sustainability & ESG at Scan Global Logistics, underlined the industry’s collective responsibility for environmental action and praised the collaboration with GoodShipping for extending their commitment to environmental sustainability.

Robbert Wehrmeijer, Managing Director of FincoEnergies Carbon Management, responsible for the GoodShipping brand, stressed the significance of expanding insetting solutions to road transportation to combat climate change effectively.

For companies eager to reduce emissions from road transportation, taking the first step toward sustainable freight transportation is encouraged by reaching out to GoodShipping. This expansion marks a significant milestone in the ongoing battle against climate change and represents a promising future for environmentally conscious road transportation.

Offshore wind projects include shipments of export cargo and import cargo in international trade.

Sour News for Offshore Wind Farms

The Inflation Reduction Act earmarked generous subsidies to supercharge US green investment. Yet, one of those green investments – offshore wind projects – is struggling to turn a profit. This is leading to the delay and outright shutdown of some of the nation’s largest, and most promising projects.

Offshore wind farms have always held great promise. To begin, they produce more energy than onshore farms due to the strength of the wind and its regular flow at sea. An offshore wind farm’s environmental footprint is also smaller than traditional fossil fuel power plants and countries with access to the sea can naturally increase their installation and production capabilities. 

The challenges for offshore wind farms, however, are also just as noticeable. First, corrosive saltwater, harsh weather conditions, and strong currents make the wind turbines at sea more complicated to build as well as maintain. Second, although offshore wind farms are less pricey than a decade ago, they still remain more expensive to build than many other forms of renewable energy. Lastly, the transmission lines (undersea cables) are an additional cost that is not needed with onshore farms to ultimately connect the offshore farm to the power grid. 

Ørsted is a Danish renewable energy firm and one of the largest offshore wind farm developers. Earlier in the month the company announced it had lost a quarter of its market value due to debilitating impairments surrounding three wind projects off the east coast. This resulted in a downgrading of Ørsted’s stock which will hinder their ability to raise debt to fund future plans. Higher interest rates, rising costs, and permitting delays have hampered the Danish firm and this will certainly affect President Biden’s plans to have 30 gigawatts of offshore energy by 2030. As of today, the US has less than 50 megawatts. 

Two other giants – Avangrid and Shell – have called it quits on offshore developments and many of the leading firms that fabricate offshore turbine blades are hemorrhaging money. Rising interest rates are the most concerning for offshore wind projects as the farms take much longer to build than other renewable projects. The upfront costs, as mentioned earlier, only add to the problem. The cost per kilowatt of building a solar facility is roughly $1,050. For onshore farms, it increases to $1,360, but for offshore wind farms, the expense is four-fold ($4,000 + per kilowatt). 

In general, offshore wind projects are not linked to inflation. Developers take on a substantial risk in high inflationary environments as their future revenue is already locked in and input costs end up ravaged by rising prices. This eats into profits and the developer’s ability to get the farm up and running. While offshore wind farms hold promise, they might only make sense when the economy is healthy and thriving. Now is just not the time. 

The Growing Popularity of Compressed Natural Gas (CNG) as a Clean Energy Source

The CNG tanks cylinders market reached US$ 1.7 billion in 2022. Demand for CNG tanks cylinders is estimated to surpass US$ 1.8 billion in 2023. During the forecast period, sales are poised to exhibit a 6.7% CAGR. Revenue is anticipated to cross around US$ 3.5 billion by 2033.

Key Market Highlights

The carbon fiber segment is likely to spearhead the material segment of the market. This segment is expected to expand at 6.6% CAGR during 2023 to 2033.

Growing concerns about environmental impact and emissions have led to an increased interest in CNG as a clean alternative to traditional fuels. This, in turn, is driving the demand for CNG cylinders.

CNG is becoming more popular as countries and companies move toward clean sources of energy to minimize carbon emissions. It will help reduce greenhouse gas emissions compared to traditional fossil fuels.

As per the data provided by the Department of Energy, in the United States, around 175,000 automobiles run on natural gas, while about 23 million vehicles do so globally. Compressed natural gas (CNG) fuelling is a consistent source in many regions.

High availability makes natural gas vehicles (NGVs) an excellent option for high-mileage, centrally fuelled fleets. NGVs might have applications that are confined to those areas with similar fuel range support. CNG is being utilized as a fuel for automobiles more often, particularly in fleets of public transit and commercial vehicles. This drives the demand for CNG tanks and cylinders for storing and transporting the fuel.

The expansion of CNG refueling infrastructure is crucial to support the adoption of CNG as a fuel. As a result, more CNG tanks and cylinders need to be produced and installed. CNG might be utilized to store energy, particularly when there is extra renewable energy that has to be kept for later use. This application calls for more CNG storage space. Clean energy sources such as CNG can also find applications in industries that require heat or power generation. This diversifies the demand for CNG tanks and cylinders beyond just transportation.

Strict environmental regulations on emissions can encourage companies to switch to clean fuels such as CNG. This drives demand for the necessary storage and transport infrastructure.

CNG can be a solution for reducing energy waste in situations where excess renewable energy is generated but cannot be immediately used. Storing this energy in the form of CNG can mitigate waste and bolster demand for storage solutions. As the global energy landscape evolves towards sustainability, CNG can play a role in reducing reliance on traditional fossil fuels. It will help in creating a sustained demand for CNG tanks cylinders.

Historical Performance of CNG Tanks Cylinders Market

The market experienced steady growth at 8.2% CAGR during the historical period from 2018 to 2022. In the forecast period, the CNG tanks cylinders industry is set to register 6.7% CAGR.

There has been a recent increase in the popularity of compressed natural gas (CNG) as a vehicle fuel, particularly in commercial fleets and public transit. This is likely to increase the demand for CNG tanks cylinders for storing the gas for usage in cars and buses. The growth of CNG as a transportation fuel necessitates the development of refueling infrastructure. This infrastructure expansion would require a greater number of CNG tanks and cylinders.

CNG is seen as a way to reduce carbon emissions in transportation. This will stimulate demand for CNG tanks and cylinders to support the growing fleet of vehicles running on CNG. Governments offer incentives and subsidies to encourage the adoption of clean fuels. These policies can increase the demand for CNG-powered vehicles and, subsequently, for CNG tanks and cylinders.

Apart from transportation, CNG is used in different industrial processes and power generation. The demand for CNG tanks and cylinders in industrial applications is likely to rise as businesses seek clean energy solutions. The diversification of energy sources for transportation and industrial sectors through CNG can enhance energy security. Thereby driving the demand for CNG tanks and cylinders.

The growth of the CNG market might lead to innovations in tank and cylinder design, material, and manufacturing processes, further contributing to market demand. Geopolitical considerations can influence energy transitions. Countries with ample natural gas resources might encourage CNG adoption, boosting the demand for associated tanks and cylinders. As the energy transition spreads to more regions globally, the demand for CNG tanks and cylinders could see increased adoption in previously untapped markets.

Latest CNG Tanks Cylinders Market Trends Listed by Future Market Insights (FMI)

Government Regulations

Strict emissions regulations and incentives to promote the use of alternative fuels are encouraging the adoption of CNG vehicles, thereby boosting the CNG cylinder market.

Advancements in Composite Materials

The development of lightweight and durable composite materials for CNG cylinders enhances their safety, capacity, and efficiency, making them more attractive to consumers.

Increased Adoption in Transportation

CNG is gaining traction in commercial fleets and public transportation due to its cost-effectiveness and lower emissions, driving the need for more CNG cylinders.

Infrastructure Expansion

Expanding CNG refueling infrastructure supports the growth of the CNG market and encourages fleet operators to invest in CNG vehicles and cylinders.

Urbanization and Air Quality Concerns

Increasing urbanization and air quality concerns in cities are pushing for clean transportation solutions, which in turn drives the demand for CNG tank cylinders.

Growing Popularity of Renewable Energy Pushing Sales of CNG Tanks Cylinders in the United States

According to Future Market Insights (FMI) analysis, the United States market for CNG tanks cylinders is set to hold a total of around US$ 632.7 million by 2033. It is predicted to expand at 6.6% CAGR during the forecast period (2023 to 2033).

Growing popularity of vehicles that operate with CNG gas is likely to drive demand in the United States. The demand for more affordable and sustainable fuel choices is what’s fueling growth.

Government regulations aimed at reducing emissions and promoting clean transportation have played a role in the growth of the CNG tanks cylinders market. The use of CNG and other alternative fuels is encouraged by these policies. Several commercial fleets, including taxis, buses, and delivery trucks, have started switching to CNG-powered vehicles. This has led to increased demand for CNG tanks cylinders to store the fuel.

Compressed natural gas, which produces fewer toxins and particles than gasoline or diesel, is seen to be a safer fuel than those two. It is a more enticing choice for consumers and businesses because it is less costly than conventional fuels.

The expansion of CNG refueling infrastructure is critical for the growth of the CNG tanks cylinders market. As more refueling stations are built across the country, the demand for CNG tanks cylinders is likely to increase.

Several companies are involved in the manufacturing and distribution of CNG tanks cylinders in the United States. These companies compete in terms of technology, design, and safety features. The CNG tanks cylinders market is also influenced by global energy trends and geopolitical factors that impact natural gas supply and demand.

Increasing Adoption of Natural Gas to Boost CNG Tanks Cylinders Market in China

China CNG tanks cylinders industry is poised to exhibit a CAGR of 6.6% during the assessment period. By 2033, China market size is expected to reach US$ 795.6 million.

The CNG tanks cylinders market in China is expected to witness decent growth during the forecast period. This is due to the increasing adoption of natural gas as a clean alternative to traditional fuels. China government’s focus on reducing air pollution and carbon emissions has driven the demand for CNG-powered vehicles. This is consequently boosting the CNG tanks cylinders industry in the country. China has been investing in the expansion of CNG refueling infrastructure, encouraging the use of CNG-powered vehicles across various regions.

Government policies, such as subsidies for CNG vehicles and refueling stations, have played a role in promoting the growth of the CNG tanks cylinders market. Several domestic and international companies are engaged in manufacturing CNG tanks cylinders in China to cater to the increasing demand.

Ensuring the safety of CNG storage and transportation is crucial, leading to the implementation of stringent safety standards and regulations for CNG tanks cylinders. Ongoing research and development efforts aim to improve the efficiency, capacity, and safety of CNG tanks cylinders, driving innovation in the market.

Competitive Landscape

To satisfy consumer requests and safety regulations, leading companies concentrate on producing lightweight, strong, and high-capacity CNG cylinders. To improve the effectiveness, safety, and performance of CNG cylinders, they are merging cutting-edge materials and production procedures.

Leading manufacturers seeking to expand into new markets by forming alliances, distribution networks, and partnerships with regional players.

For instance,

In April 2023, The Altroz iCNG, Tata Motors’ much-anticipated premium hatchback, made its formal debut. This design now boasts a new twin-cylinder CNG tank technology, making it the first vehicle in India.

In August 2023, The Tiago and Tigor upgraded CNG vehicles, which now have the upgraded twin-cylinder CNG tank layout, have been released by Tata Motors.