Green logistics: Essar’s GreenLine to invest Rs. 200 cr, inks deal with Hindustan Zinc
Mumbai: In a significant step towards sustainability and environmental responsibility, Vedanta Group’s Hindustan Zinc Ltd (HZL), India’s largest and only integrated producer of zinc, lead, and silver, has signed a deal with Essar Group’s GreenLine Mobility Solutions Ltd for the deployment of LNG-powered fleet in its supply and transportation operations.
GreenLine will invest Rs. 200 crore for deploying the LNG-powered trucks for Hindustan Zinc’s road logistics operations, the company said in a statement on Wednesday.
The LNG-powered vehicles significantly reduce emissions compared to diesel and align perfectly with the sustainability goals of both organizations. This initiative will not only reduce the carbon footprint associated with transportation but also set new industry standards for green logistics, it said.
Arun Misra, CEO, of Hindustan Zinc said, this step would reduce 50 percent of absolute Scope 1 and 2 GHG emissions and further reduce 25 percent of absolute Scope 3 GHG emissions by FY2030 from the base year FY2020.
By introducing LNG vehicles, HZL is not only showcasing its commitment towards decarbonizing Indian mining but also paving the way for a transport revolution. This is yet another step towards our vision of net zero by 2050 or sooner, he added.
Anand Mimani, CEO, of GreenLine, said, a clean, green mobility solutions will play a very important role in helping industries achieve their sustainability goals.
Hindustan Zinc has been ranked third globally and the first in the Asia Pacific Region in the S&P Global Corporate Sustainability Assessment 2022 under the metals and mining sector.
GreenLine’s LNG-powered trucks, manufactured by Blue Energy Motors, reduce toxic emissions significantly compared to diesel. It has collaborated with multiple organizations to create India’s first and only integrated green logistics ecosystems to make LNG trucking a reality in India, paving the way for the widespread adoption of LNG-fueled long-haul trucks.
(VP)
