At a glance, Australia’s ESG target seems like a challenging hill to climb. Brendan James, the founder and Executive Chairman LINE Hydrogen, debunks this theory and shares LINE’s plans to reduce carbon emissions.
Brendan James:
"So the government obviously has set some fairly strong ESG targets and carbon emission targets going forward. You can't achieve that in Australia if you don't focus on the transport network. Transport currently makes up some 20% of the CO2 emissions that we put out in Australia. And then of course on top of that and one of the projects we're looking at is the mining industry and diesel replacement in both mining and heavy industry for both power generation and in pit transportation.
In that diesel obviously produces around about 2.7 kilos of CO2 emissions per liter consumed. When you look at a double truck that's running on the highway, it's consuming around about 65 liters of diesel per a hundred kilometers that the truck travels. So, one of the, the reasons to focus on heavy transport in particular B double and larger size applications is they are, while required as part of our society, they are currently one of the biggest emitters, that we have on the road. So by applying hydrogen to replace diesel in a truck has a significant effect on emissions in Australia."
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Barclay Pearce Capital acknowledges the Traditional Owners of the land where we work and live, the Gadigal of the Eora Nation and pays our respects to Elders past, present and to the children of today who are the Elders of the future. We celebrate the stories, culture and traditions of Aboriginal and Torres Strait Islander Elders of all communities who also work and live on this land.
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Barclay Pearce Capital Management Pty Ltd ACN 619 189 847 | AFSL: 503261
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Barclay Pearce Capital | ACN: 671 103 254
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© 2024 Barclay Pearce Capital - BPC | All Rights Reserved
Disclaimer:
Barclay Pearce Capital Management Pty Ltd is the holder of an Australian Financial Services Licence (Number: 503261). The information provided on this website is general in nature only and does not constitute personal advice. The information has been prepared without taking into account you or your company’s objectives, financial situation or needs. Before acting on any information on this website you should consider the appropriateness of the information having regard to your objectives, financial situation and needs. You should seek independent financial advice and read the relevant disclosure statements or other offer documents prior to making an investment decision about a financial product. The material contained on the website is for information purposes only and should not be construed as an offer or solicitation or recommendation to buy or sell financial products.
Barclay Pearce Capital acknowledges the Traditional Owners of the land where we work and live, the Gadigal of the Eora Nation and pays our respects to Elders past, present and to the children of today who are the Elders of the future. We celebrate the stories, culture and traditions of Aboriginal and Torres Strait Islander Elders of all communities who also work and live on this land.