Polestar Reduces Provide Chain Emissions by way of Integration of Renewable Fuels for Ocean Freight

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GOTHENBURG, SWEDEN — Polestar (Nasdaq: PSNY) is taking the following steps in lowering its provide chain emissions by integrating renewable fuels on its ocean freight routes, which account for round 75% of Polestar’s whole transportation emissions.

Polestar is now additionally working its Car Processing Centre (VPC) in Belgium on 100% renewable electrical energy. The VPC acts as a ending and preparation level for automobiles earlier than supply to European clients, together with charging them with renewable electrical energy.

With Polestar 3 and Polestar 4 manufacturing now ramping up, renewable gasoline will initially be used for roughly 65% of the outbound ocean freight of produced automobiles from Asia to Polestar’s VPC in Zeebrugge, Belgium. Polestar additionally plans to combine renewable fuels on freight from North America throughout the second half of the yr, as manufacturing of Polestar 3 expands to South Carolina. By way of the utilisation of B30 Biofuel, which accommodates 30% Fatty Acid Methyl Esters (FAME), emissions from these transport routes might be decreased by roughly 20-25%, in contrast with standard Sulphur gasoline oils.

Polestar has taken steps to decarbonise inter-continental inbound ocean freight for manufacturing supplies and spare elements distribution, which are actually operating on 100% FAME gasoline, lowering greenhouse gasoline emissions by 84% in comparison with fossil gasoline. The FAME gasoline relies on renewable sources, together with waste cooking oil. No feedstock associated to palm oil or palm oil manufacturing is used.

Jonas Engström, Head of Operations at Polestar, says: “This is a crucial step in Polestar’s objective to achieve local weather neutrality by 2040. Turning into really local weather impartial means eliminating all greenhouse gasoline emissions throughout our operations, and all phases of our vehicles’ life cycles, together with emissions from the availability chain. As we enter an accelerating part of development with our mannequin line-up and manufacturing footprint increasing, there may be an additional emphasis on the necessity for sustainable logistics options.”

Polestar lately printed its Sustainability Report for 2023. Greenhouse gasoline emissions per offered automobile have been decreased by 9% throughout 2023 in comparison with 2022, illustrating that it’s doable to decouple development from elevated emissions.

Press launch from Polestar.