‘Financing Still Slow’: Logistics Specialist Anand Mimani On Running Energy-Efficient Trucks

Anand Mimani, chief executive officer of logistics company GreenLine, explains the business of alternate fuel-driven trucking services.

As the focus of the world is moving increasingly towards cleaner forms of energy, industries are realigning their way of doing business with sustainability goals. A key factor in being sustainable is minimising pollution that is created primarily because of logistics. 

Liquefied natural gas (LNG)-driven trucking services are trying to efficiently transport goods while also minimising carbon emissions. “LNG helps reduce about 30% of the carbon dioxide and other gaseous materials like SoX (sulphur oxides) down to about 100%, NOx (nitrogen oxide) down to about 59%, and particular material down to about 91%,” Anand Mimani, chief executive officer of logistics company GreenLine, told The Core.

Transporting heavy goods over long distances, the environmental impact tends to be substantial. This begs the question of tackling logistics in an energy-efficient way. While the policy focus is increasingly on migrating to cleaner forms of energy, when it comes to alternate fuels, access to financing cleaner vehicles becomes difficult. 

“The truck financing on account of alternate fuel is a little slow by the institutions. We are requesting all the necessary offices to look into it and help and support in getting the truck financing on alternate fuels. Truck financing companies slow in giving clearances for alternate fuels,” Mimani said.