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Monday, April 22, 2024

Reducing and Measuring Fleet Carbon Emissions — The Easy Way!

Logistics carriers across every mode and fleets of all kinds are increasingly adopting their own lower carbon reduction targets – some even committing to net zero by or before 20501. If you’re a carrier or fleet who hasn’t yet adopted targets, you’re likely feeling the pressure to demonstrate lower carbon efforts. If you’ve encountered an RFP that requests information about your ESG or carbon reduction efforts, you may feel disadvantaged against other market competitors who do have set goals.

Regardless of your progress, Chevron Renewable Energy Group can not only help you work towards lower carbon targets and can help reduce CO2 GHG emissions, but can help you track and quantify that reduction with our monthly GHG emissions reporting.

Carbon reduction reports from Chevron Renewable Energy Group

Each month, we provide our customers with a lower carbon summary report that estimates the metric tons of GHG emissions avoided by using higher performance, lower carbon fuel solutions from Chevron Renewable Energy Group. This report estimates GHG emissions reduction, going back to 2020. Additionally, the report provides some relatable equivalents for comparison purposes, including:

  • The number of miles it would take for a passenger car to emit a similar amount of carbon you have avoided.
  • The amount of coal burned (in metric tons) it would take to emit a similar amount of carbon you have avoided.
  • The number of acres of US forests it would take to sequester a similar amount of carbon.

Another tool at your disposal is ours Co2 emissions calculator. Simply enter your fuel application (truck, rail, marine or power generation), the timeframe (month or year), your unit of measure (gallons or liters), your fuel consumption levels and the percentage you want to convert to bio-based diesel . We’ll calculate the estimated reduction of Scope 1 fossil CO2 emissions in metric tons.

Put our reports to work for you

Whether you need data to support your company’s ESG reporting requirements, or you’re looking to set your company apart in the RFP process with a customer that tracks Scope 3 emissions — our reports can help take your company to the next level. Want to see these reports customized to your needs? We can help with that, too.

Now let’s look at just how much you can potentially reduce your emissions by transitioning to bio-based fuels.

Biodiesel emissions vs. diesel emissions

The impact realized in the reduction of CO2 GHG emissions when switching to biofuels from petroleum diesel can be significant, depending on the size of your fleet. For instance, by switching to InfiniDTM — a biodiesel solution from Chevron Renewable Energy Group — fleets can expect to reduce engine emissions by:

  • Up to 100% for fossil carbon2
  • Up to 70% for total hydrocarbon3
  • Up to 70% for particulate matter3

To put this in perspective, if you’re a small to medium-sized trucking company that uses 1 million gallons of diesel fuel per year, and you switch your entire fleet to biodiesel, you can reduce your annual Scope 1 fossil CO2 emissions by an estimated 9,990 metric tons.4 By comparison, it would take approximately 1.65 million mature trees to sequester that much carbon in a year.5

Scope 1, 2, and 3 emissions defined

Scope 1 emissions

These are defined as direct emissions from owned or controlled assets, which includes on-site natural gas combustion and the fuel used in a vehicle fleet. These are the emissions that most organizations with carbon reduction goals tend to focus on and report on, as they have the most control over these emissions. This is where Chevron Renewable Energy Group can help you with carbon reduction metrics.

Scope 2 emissions

These are defined as indirect emissions from purchased energy. In other words, if you consume electricity in a state whose power is generated from a high percentage of renewables, your scope 2 emissions will be lower than if you’re in a state with a higher percentage of power generation from fossil fuels.

Scope 3 emissions

These are defined as all other indirect emissions that occur across an organization’s value chain, which includes (among other things) transportation of the organization’s purchased and sold goods. While most organizations with carbon reduction goals focus first and foremost on reducing Scope 1 emissions that are within their control, a recent survey indicated that 58% of Fortune 500 companies have goals to reach net zero by 2050, and of those 58%, roughly half of them have plans in place to reduce Scope 3 emissions.6

For the transportation and logistics industry, this means those carriers with data to show how they’re reducing carbon will have a competitive advantage over those who do not have that data to share with potential customers who track Scope 3 emissions.

Ready to get started?

Contact us to discuss how we can be your lower carbon partner.

Chevron Renewable Energy Group is leading the energy and transportation industries’ transition to lower carbon by converting renewable resources into high-quality fuels. We are an international producer of lower carbon fuels that significantly lower greenhouse gas emissions to immediately reduce carbon impact. Chevron Renewable Energy Group utilizes a global integrated procurement, distribution and logistics network to operate 11 biorefineries in the US and Europe. In 2021, the business produced 480 million gallons delivering 4.1 million metric tons of carbon reduction. Chevron acquired Renewable Energy Group in June 2022.

Renewable Energy Group, REG, the logo and the other trademarks and trade names referenced herein are trademarks of Chevron USA Inc. © 2023 Chevron USA All Rights Reserved.

The information contained herein is believed to be reliable but Chevron Renewable Energy Group makes no representations concerning the accuracy or correctness of the data. These products, like any other should be tested by the customer/user thoroughly under end user conditions to ensure the product meets the particular requirements. Independent results may vary.

Footnotes and sources

1. https://carbon.ci/insights/companies-with-net-zero-targets/

2. Product is produced from renewable oils and fats. Methanol used to make biodiesel and hydrogen used to make renewable diesel and SAF are typically made from conventional natural gas, but can be produced from renewable resources

3. CARB Assessment of the Emissions from the Use of Biodiesel as a Motor Vehicle Fuel in California “Biodiesel Characterization and NOx Mitigation Study.” Durbin (2011)

4. https://www.regi.com/services/emissions-calculator

5. Calculation based on an estimate of 0.006 metric tons sequestered per tree per year. Source: https://8billiontrees.com/carbon-offsets-credits/carbon-ecological-footprint-calculators/how-much-carbon-does-a-tree-capture

6. https://fortune.com/2022/06/15/climate-change-carbon-emissions-net-zero-goals/

The above article is sponsor-generated content. To learn more about sponsor-generated content, click here.

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