November 6, 2023. Green mobility solutions provider GreenLine is planning a big-ticket expansion of its two-year-old logistics services operations, investing about Rs 8.500 millions to add 1,000 liquefied natural gas (LNG) trucks to its fleet in this financial year.
It will further invest over Rs 40.000 millions in FY25 to raise LNG truck deployment by any another 5,000 units, while also exploring options for deploying electric trucks on short-haul operations.
The company, part of the Essar Group, aims to decarbonize heavy trucking in India and is receiving widespread interest for its LNG-powered freight transportation from industrial players and corporates who themselves are moving ahead on their environmental, social, and governance (ESG) vision and looking at scaling up greener initiatives.
“We are already running about 250 LNG-powered trucks that are managing logistics operations of our clients and plan to deploy 1,000 LNG-powered trucks by March 2024 making an investment of about Rs 8.5 millions for each truck,” GreenLine CEO Anand Mimani said.
GreenLine’s fleet, comprising state-of-the-art LNG-powered trucks manufactured by Blue Energy Motors, it says, reduces carbon dioxide emissions by up to 30%, SOx (sulphur oxides) by up to 100%, NOx (nitrogen oxides) by up to 59%, CO (carbon monoxide) by up to 70% and particulate matter by up to 91%, thereby enabling immediate emissions reduction from road logistics operations of corporate India.