Södra to invest $2.17 million to transition transport sector towards 2030 fossil-free targets

March 25, 2019 |

In Sweden, a transition of the transport sector will require new solutions and a changed market. As part of the process to achieve its fossil-free targets by 2030, Södra is now earmarking an investment of $2.17 million for the additional costs arising from the choice of new and sustainable transport solutions.

“As one of Sweden’s largest transport purchasers, we have a major responsibility. We want to show the way to a sustainable transport future and this investment will show that we are very serious about achieving change, and inspiring others to follow our lead,” said Lars Idermark, President and CEO.

The earmarked funds will increase opportunities for working long-term without affecting the day-to-day operations. Södra has previously communicated its investments in liquid biofuel production through its two joint ventures, SunPine and Silva Green Fuel, and its own production of biomethanol.

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