Qube backed with $150M to lead efforts in slashing CO2 emissions.

Australian intermodal centerpiece, Moorebank Logistics Park, is getting big-time backing with another investment of $150M from the Clean Energy Finance Corporation (CEFC), whom has taken a great interest in funding the project headed by Qube.

The CEFC sees this logistics and freight project as one with great potential for enhancing the carbon emission reduction/neutralization of Australian shipping. Top priorities in the project require the shift of 1.5 million freight containers from road to rail. This is exactly where the CEFC sees incredible potential for CO2 reductions.

This shift would create an estimated abatement of CO2 emissions by nearly 110,000 tonnes annually by cutting 3,000 truck journey’s from Sydney’s single road network, daily.

CEO of the CEFC backed his reasoning for the investment by briefing over the long-term effect of this shift in Sydney’s logistical operations. The organization expects the advancements in energy efficiencies to “ result in net emission reductions totaling to more than two million tonnes of CO₂ over a 40-year period” (logisticsmagazine.com 2017).

With this being said, the next 40 years will bring unthinkable technologies and advancements that will most likely disrupt supply chains globally, and challenge Moorebank Logistics Park to evolve it’s methods. This is the same challenge many supply chains are facing today in the global marketplace, vying to keep up-to-speed with the rapid digital transformation of supply chain activities.

As a company who knows the importance of technological advancements and disruptions, Qube will most likely be able to live up to their estimated potential. As for now, they’re just optimizing their present to see the results of the future.

“Our focus at Qube has always been on how we can improve the efficiency of the import and export supply chain, how we can provide a faster and more cost-effective way to get goods to consumers and the Moorebank terminal is certainly a key part of that strategy,” stated Qube Holdings’ Managing Director, Maurice James.

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