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Polestar Reduces Supply Chain Emissions Through Integration Of Renewable Fuels For Ocean Freight
GOTHENBURG, SWEDEN – 5 June 2024. Polestar (Nasdaq: PSNY) is advancing its efforts to reduce supply chain emissions by incorporating renewable fuels on its ocean freight routes. These routes account for approximately 75% of Polestar’s total transportation emissions. Additionally, Polestar's Vehicle Processing Center (VPC) in Belgium now operates on 100% renewable electricity.
The VPC serves as a finishing and preparation point for vehicles before delivery to European customers, including charging them with renewable electricity. With the production of Polestar 3 and Polestar 4 increasing, renewable fuel will initially be used for about 65% of the outbound ocean freight of produced vehicles from Asia to Polestar’s VPC in Zeebrugge, Belgium.
Polestar also plans to integrate renewable fuels on freight from North America during the second half of the year, as production of Polestar 3 expands to South Carolina. By utilising B30 Biofuel, which contains 30% Fatty Acid Methyl Esters (FAME), emissions from these shipping routes can be reduced by approximately 20-25%, compared with conventional Sulphur fuel oils.
Polestar has taken steps to decarbonise inter-continental inbound ocean freight for production materials and spare parts distribution. These are now running on 100% FAME fuel, reducing greenhouse gas emissions by 84% compared to fossil fuel. The FAME fuel is based on renewable sources, including waste cooking oil, and does not use feedstock related to palm oil or palm oil production.
Jonas Engström, Head of Operations at Polestar, stated: "This is an important step in Polestar’s goal to reach climate neutrality by 2040. Becoming truly climate neutral means eliminating all greenhouse gas emissions across our operations and all phases of our cars’ life cycles, including emissions from the supply chain."
Polestar recently published its Sustainability Report for 2023. Greenhouse gas emissions per sold car were reduced by 9% during 2023 compared to 2022, illustrating that it is possible to decouple growth from increased emissions.
Polestar (Nasdaq: PSNY) is a Swedish electric performance car brand focused on improving society through design and technology to accelerate the shift to sustainable mobility. Headquartered in Gothenburg, Sweden, its cars are available online in 27 markets globally across North America, Europe and Asia Pacific.
Polestar plans to have a line-up of five performance EVs by 2026. The Polestar 2, an electric performance fastback, launched in 2019. The Polestar 3, an SUV for the electric age, launched in late 2022. The Polestar 4, an SUV coupé transformed, is launching in phases through 2023 and into 2024. The Polestar 5, an electric four-door GT and the Polestar 6, an electric roadster, are coming soon.
The Polestar 0 project supports the company’s ambitious goal of creating a truly climate-neutral production car by 2030. The research initiative also aims to create a sense of urgency to act on the climate crisis by challenging employees, suppliers and the wider automotive industry to drive towards zero emissions.
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