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BAAR, Switzerland: August 27, 2019. Agility Ventures, part of Agility Logistics, says it has invested US$18 million in green supply chain technologies as part of its commitment to adopt science-based targets for greenhouse gas emissions reduction and achieve third-party certification for its shipment emissions reporting.

By 2025 the company plans to cut emissions by 25 percent from 2016 levels by building to green standards as it adds over 300,000 sq.mt. of facilities to its portfolio of warehousing and light industrial facilities across the Middle East and Africa.

agility green 2019“Green technology is a major focus of our investment strategy, and we’re always on the lookout for dynamic new businesses that can revolutionize the supply chain to help protect the planet,” declared Agility chairwoman Henadi Al-Saleh. “We are looking at innovative solutions that drive business value by reducing costs, increasing efficiency and reducing energy consumption at the same time.”

Green technology start-ups benefitting from the US$18 million investment include Hyliion and TVP Solar. Hyliion is a hybrid technology trucking company that reduces fuel consumption and corresponding emissions by 30 percent by recycling kinetic energy from braking.

TVP Solar is a high-vacuum, solar thermal technology company specialising in air conditioning, desalination and process heat. Already deployed in the Middle East – including Agility’s corporate headquarters - TVP solutions operate autonomously with no need for cleaning, directly replacing fossil fuels with cheaper, cleaner, solar heat.

Agility CEO Tarek Sultan said his company had also tried to set high standards for corporate citizenship over the past decade, particularly in the areas of environmental responsibility, humanitarian relief logistics, and fair labour practices.

“Our community outreach program has helped more than 1.6 million people in need and we’ve supported the education of over 36,000 students around the world in the last three years,” he explained. “In partnership with the humanitarian community, Agility has [also] donated logistics expertise and services to more than 45 major humanitarian operations in countries ranging from Indonesia to Peru.

"Agility’s investments in the environment are the company’s new frontier, " he added.

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