Covestro Shanghai recently signed an agreement with COSCO Shipping Logistics Supply Chain Co., Ltd. to use electric trucks at Covestro’s Shanghai integrated base for short-term chemical barge transportation, marking the entry into the green logistics project Operational implementation stage. With the implementation of the cooperation, it also marks Covestro’s new achievements in promoting the innovation of decarbonization model of the supply chain in the chemical industry. In November 2022, Covestro joined hands with its partners to launch a groundbreaking green logistics pilot project in China and has achieved positive results in the proof-of-concept stage.
The two parties will strengthen the performance management of the electric truck and regularly evaluate and optimize its total cost of ownership. Covestro will decide on this basis whether to expand the use of new energy vehicles, including other transportation scenarios.
Fu Peng, deputy general manager of COSCO Shipping Logistics Supply Chain Co., Ltd., said: “As a key way to achieve net-zero emissions, green logistics can provide sustainable solutions for Scope 3 emission reduction. We look forward to cooperating with Covestro to jointly promote the chemical industry The exploration and implementation of sustainable logistics solutions in the industry will contribute to the ultimate goal of achieving net-zero emissions in logistics.”
Dr. Chen Yun, General Manager of Covestro’s Shanghai Integrated Base, said: “The supply chain plays a vital role in the process of achieving climate neutrality in the chemical industry. This requires the cooperation of all parties and cannot be completed by a single company. This electric The commercial deployment of truck chemical barges is groundbreaking and will promote the Shanghai integrated base and the entire company to achieve climate neutrality and circular economy.”
Approximately 80% of Covestro’s total emissions come from Scope 3, which refers to indirect greenhouse gas emissions generated upstream and downstream of the value chain (including supply chain, material transportation or raw material processing during production).
In the Asia-Pacific region, truck transportation accounts for nearly 70% of Covestro’s freight volume. Therefore, emission reduction in the logistics sector in this region mainly focuses on trucks. To this end, the Green Logistics Pilot Project launched last year aims to design more sustainable solutions for truck road transport. Partners in the project include customers, logistics solutions and infrastructure partners, and industry organizations, and the network of members is steadily expanding.
The project strictly evaluates the economic feasibility of specific logistics solutions in specific scenarios. Solutions that have been explored include the use of subsidized biodiesel for long-distance transportation of dangerous goods in Shanghai, and the application of hydrogen fuel cell trucks.
Marius, Senior Vice President Supply Chain and Logistics Asia Pacific, Covestro
Wirtz said: “We are committed to expanding our partner network and actively seeking, piloting and promoting low-carbon logistics solutions that take into account both environmental and economic benefits. We look forward to introducing more sustainable solutions that will significantly reduce scope 3 emissions and promote We move towards a climate neutral future.”
Previously, Covestro has announced the goal of achieving operational climate neutrality by 2035, that is, achieving net-zero emissions in Scope 1 (emissions directly generated in production) and Scope 2 (indirect emissions from purchased energy). The company is about to announce its Scope 3 emissions reduction targets.
COSCO Shipping Logistics Supply Chain Co., Ltd. is the only third-party public logistics platform under COSCO Shipping Group, the only enterprise participating in the National Development and Reform Commission’s mixed reform pilot enterprise, and one of the earliest logistics enterprises established in China. It currently owns GLP, SIPG, Oriental There are six strategic shareholders including China Airlines, China Southern Airlines, SAIC Motor, and COSCO Shipping Lines. The company provides global “sea, land and air” integrated end-to-end comprehensive logistics supply chain services for all types of goods, including warehousing, transportation, distribution, customs affairs, and cargo agency. The business is divided into three major clusters: contract logistics, comprehensive freight, and port public services. There are warehousing logistics, cold chain logistics, chemical logistics, bulk cargo logistics, engineering logistics, air freight logistics, customs affairs, container logistics, ship agency, and tally inspection. Big business line.