The Container Corporation of India Ltd (Concor) has climate protection targets at Pune-based Blue Energy Commercial Vehicles Pvt.
Separately, Concor has 100 trailers at Jagdamba Trailers Pvt Ltd. based in Raigarh, Chhattisgarh, which will transport the steel containers onto the LNG trucks, sources said.
Concor declined to reveal details of the order.
During the third-quarter financial results conference call, held on Jan. 24, Concor Chairman and Managing Director V Kalyana Rama announced the company’s plan to introduce LNG trucks for the first and last mile of containers.
“We will experiment with LNG transfers at our major hub, Kathuwas, and then expand it to all terminals,” Kalya Rama said Jan. 24.
“All these new things that we are bringing… because the demand is there in the domestic sector and also to encourage more and more domestic traffic into containers and add value-added services and turn it into a complete business solution that increases our margins, the overall margin pressure is not going to be too great be,” he added.
Blue Energy Commercial Vehicles – known by its brand name Blue Energy Motors – is a zero-emission truck technology start-up and a portfolio company of Exponentia Ventures, a Dubai-based fund managed by Anshuman Ruia, the second generation of the Ruia family , founded the Essar Group.
FPT Industrial, the global powertrain brand of the Iveco Group, holds a minority stake in Blue Energy Motors.
Globally, logistics accounts for 14-15 percent of CO2 emissions, with heavy-duty transport accounting for around 90 percent.
The truck industry is one of the biggest polluters and produces up to 450 million tons of CO2 every year as well as significant noise, particulate matter and pollutant emissions.
Therefore, LNG trucks are poised to transform the sector and accelerate the shift to green transportation,” Blue Energy says on its website.
Compared to diesel trucks, an LNG truck emits up to 28 percent less carbon dioxide (CO2) and up to 30 percent less noise. It can also improve an organization’s score in ESG (Environmental Social and Governance) ratings.
When used appropriately with trained drivers, LNG trucks have the potential to reduce particulate matter (PPM) by up to 91 percent.
To combat rapidly increasing climate change, LNG is seen as an immediate, versatile, mature and scalable solution to make the long-haul truck industry sustainable, says Blue Energy Motors. It is a cleaner and more environmentally friendly fuel that reduces sulfur oxides (SOX) by up to 100 percent and nitrogen oxides (NOX) by up to 59 percent.
LNG trucks are enjoying great success in the Chinese and European markets.
India aims to transition to a gas-based economy by 2030, increasing the current share of gas in the energy mix from 6 percent to 15 percent.