Woodside Energy Denies Exxon Mobil Takeover Talks Amid LNG Growth Focus 
SpaceX Surpasses Amazon in Market Value as Post-IPO Rally Accelerates 
Oil Prices Recover Slightly as U.S. Crude Inventories Fall, But Iran Deal Caps Gains 
Oil Prices Drop as U.S.-Iran Peace Deal Eases Supply Concerns 
Apple Signals Product Price Hikes Amid Rising Memory Chip Costs 
Asian Currencies Stabilize as Dollar Holds Near Two-Month High After Fed Hawkish Signal 
ASX Proposes New Share Dilution Limits for Public Takeovers 
Oil Prices Ease as Markets Weigh U.S.-Iran Peace Deal and Strait of Hormuz Reopening 
Google Gemini Co-Lead Noam Shazeer Leaves for OpenAI Amid AI Talent Race 
Asian Currencies Steady as Dollar Holds Firm Ahead of Fed Decision and US-Iran Deal Details 
Saudi Aramco Explores Sulphur Business Stake Sale to Raise Billions 
US Stock Futures Jump on Reports of Preliminary US-Iran Peace Deal Despite Fed’s Hawkish Outlook 
Dollar Slips as U.S.-Iran Peace Deal Optimism Boosts Risk Appetite Ahead of Fed Decision 
Carro Expands Into Australia With Acquisition of Used-Car Platform CarPlace 
GM Explores Defense Manufacturing Partnership With Lockheed Martin 
SoftBank Vision Fund CFO Navneet Govil to Exit After Decade-Long Tenure 
US-Iran Ceasefire Deal Extends Peace Talks and Eases Oil Trade Restrictions 
PepsiCo Inc. is moving away from diesel, instead using vegetable oil to power its UK-based truck fleet that transports potatoes for its Walker Crisps snacks, aiming to save 2,650 tons of greenhouse gases annually.
The food and beverage producer started rolling out vegetable oil-fueled trucks to bring potatoes to its Walker Crisps production plant in Leicester, England. PepsiCo sources the starchy root vegetable from across the U.K., so the trucks travel far to collect them for the company’s British snack-making subsidiary.
To save on fuel costs and reduce greenhouse gas emissions, PepsiCo decided to use hydrotreated vegetable oil (HVO) as oil to power its delivery trucks. With this shift, the company aims to save 2,650 tons of GHG annually.
Westchester & Fairfield Business County Business Journals reported that PepsiCo joined forces with AB Texel, a British agricultural logistics service provider, for this greenhouse gas emission-reducing project. The company will be using 800,000 liters of HVO oil as diesel replacement, and this amount is estimated to cover about 1.6 million miles of travel which is enough to transport 240,000 tons of potatoes per year to the Leicester factory.
“We are always looking for innovative ways to tackle our carbon footprint and the move to HVO for all our potato deliveries to Leicester, the home of Walkers, is a significant step,” PepsiCo’s sustainability chief in the U.K., Simon Devaney, said. “HVO fuel plays an important role in helping us to accelerate the decarbonization of our transport activities.”
PepsiCo UK launched this green logistics initiative last year. It was in November 2022 when the company first mentioned its plan to shift from diesel to Hydrogenated Vegetable Fuel (HVO), so the recent announcement is just an extension to increase its use of used cooking oil. With this expansion, its entire fleet in Leicester is now totally powered by vegetable oil.
Moreover, the increase in the use of cooking oil for its delivery trucks is expected to lower GHG emissions by another 5,000 tons per year. Before this year ends, PepsiCo expects to use vegetable oil for its fleets’ nine million kilometer journeys across the U.K., as per Commercial Fleet.
Photo by: Pepsico Media Gallery
