Crown Oil invests £4 million in HVO supply capacity
In the United Kingdom (UK), the independent and privately held fuel distributor Crown Oil Ltd has invested £4 million (≈ EUR 4.42 million) in biofuel supply capacity as it attempts to shift customers’ demand from diesel and gas oil to environmentally friendly hydrotreated vegetable oil (HVO).
According to the company, the carbon-neutral, renewable and sustainable biofuel can be used as a drop-in replacement for regular diesel and gas oil and has been approved for use in vehicles from manufacturers including Scania, Caterpillar, Volvo, and Mercedes-Benz. The hydrotreated vegetable oil (HVO) biofuel, which can be used without making modifications to an engine, reduces greenhouse gas (GHG) emissions by up to 90 percent when compared to regular diesel.
Commenting on the investment, Matthew Greensmith, Managing Director of the family-owned business group said that the investment “demonstrated Crown Oil’s pledge” to support customers in reducing their emissions.
We are always looking to reduce our footprint in every way we can and we’re aware that the current supply of biofuels cannot sustainably match that of fossil fuels in a large economy such as the UK. At Crown Oil we believe renewable sources are part of the solution to the current climate crisis, and we want to encourage businesses to switch to this versatile fuel. For that reason, we have invested in an industrial-sized supply of HVO fuel, as we expect that the demand for greener fuels to increase as businesses become more environmentally conscious and we want to be able to cater to that demand, said Matthew Greensmith.
Data from the Office for National Statistics (ONS) revealed that the UK consumed the equivalent of 35.21 million tonnes of gas oil and road diesel in 2017. For every tonne of fuel used, 2.6 tonnes of carbon dioxide (CO2) is produced, resulting in a total of 95.95 million tonnes of CO2 being released into the atmosphere.
With the government setting a 2050 net-zero target, Matthew Greensmith said that businesses should consider switching over to biofuel now, but said more should be done to encourage the move.
We call on the government to look at sufficient incentives for businesses and domestic customers to use biofuels, as aside from environmental concerns, there is little reason to choose renewable fuels. What’s more, if business want their fuel supply to be environmentally friendly, a premium on biofuel price is unavoidable. Currently, we are the only supplier in the UK that can supply customers with HVO biofuel in any quantity they require, directly to their site in the same lead time as all of our other fuels, ended Matthew Greensmith.