Fuel distributor cuts carbon emissions with funding from Lloyds bank
Mitchell and Webber provides fuel to a variety of customers for a range of applications, including domestic heating.
As part of its sustainability efforts, the company sought to invest in its fleet to ensure the delivery of hydrotreated vegetable oil (HVO) fuel is as carbon efficient as possible.
This goal was achieved through the purchase of three HVO renewable fuel tractor units, which were financed through a six-figure hire purchase and Lloyds Bank’s Clean Growth Financing Initiative.
This initiative offers discounted lending to support measures aimed at reducing a business’s environmental impact.
These vehicles will be utilised for transporting fuels including HVO to their depots and customers across the South West region while operating on the same fuel, aiding Mitchell and Webber in lowering its own carbon emissions.
In 2020, Mitchell and Webber became the first company in England to conduct a trial of HVO in a property.
Robert Weedon, managing director for Mitchell and Webber, said: “Since the UK announced its net zero by 2050 target nearly five years ago, the industry has witnessed a growing demand for low carbon heating alternatives. While technologies like heat pumps are available in the market, we have found that the greatest advantages of HVO in our customers trials are its affordability and the ease with which existing heating systems can be converted to use this fossil-free fuel.
“Paul Collings, relationship director at Lloyds Bank, said: “We have had a long-standing relationship with Mitchell and Webber, spanning more than 100 years, and it’s been brilliant to see how one of our oldest clients has continued to evolve with, and sometimes ahead, of the industry.”