Onsite solar generation? Renewable Energy Certificates? Renewable gas? Biofuels?
World Kinect Energy Services has the expertise and the tools to help you decide the right path for your operations regardless of how simple or complex they may be.
Powering your business with renewable energy can be a good business decision, but it is critical that you understand the wide range of factors, options, and contractual instruments it involves. If your business is considering renewable energy, World Kinect helps you kick off the conversation and your internal stakeholder alignment with our Renewable Energy Strategy Assessment – a structured approach for evaluating how you can increase the use of renewable energy everywhere your business has operations.
Many organizations with fleet are looking to switch to lower-emitting alternative fuels, but not every green fuel is a perfect fit for every application. World Kinect can help you identify the best alternative fuel and assist you in developing a renewable fuel procurement strategy. Together we determine the best renewable and biodiesel options available at your locations, best suitable to your equipment specifications, as well as budgetary and carbon goals. We will help source and deliver the fuel, run tests for equipment compatibility, and calculate the mitigated carbon emissions.
When you buy energy from the grid, there is often no way to know the exact energy source of your consumed electricity and gas. Thus, World Kinect can help you source or generate your own renewable energy. Or when cost-effective sourcing or generating options are not available, we can still help to mitigate your carbon emissions through renewable energy certificates – credits sold by solar, wind, and biogas projects, generating green power or gas on your behalf, enabling you to reduce or eliminate your Scope 2 emissions. We source, purchase, and cancel the certificates, delivering an end-to-end solution.
If your organization is considering sourcing renewable energy to achieve carbon reduction targets, World Kinect's Renewable Energy Strategy Assessment could help ensure you are making the best decision possible. Especially beneficial for complex multi-site and global operations, our approach addresses your options based on the markets in which you operate. From there, we will make recommendations on the most strategic ways to execute procurement for each facility and region.
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Finally, World Kinect provides:
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Switching to renewable diesel is complicated - supply chain challenges and fuel quality challenges are all too common. Our customers require assurance that the product they purchase comes from a sustainable source and that it does not damage their equipment.
Whether it’s Biodiesel & Biogasoline, or Renewable Diesel & Renewable Gasoline, World Kinect will develop a fuel solution to address your low-carbon goals that take commercial realities into account. We will also validate fuel quality and test engine compatibility to ensure your equipment functions as intended.
| Engine and infrastructure compatibility | Cannot be used as a straight replacement for conventional petroleum diesel & requires blending with petroleum diesel | |
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GHG emission reduction over fossil diesel |
Up to 75% with B20 (20% biodiesel and 80% fossil diesel blend) | |
| Other benefits | Has higher lubricity than regular diesel, which reduces engine wear. The less capital-intensive production process results in a lower price point | |
| Drawbacks | The quality of traditional biodiesel varies according to the raw materials used | |
| Made from | Primarily oily plants, such as soybean or oil palm, and to a lesser extent greases (waste cooking fat) | |
| Other names | Traditional biofuel, first-generation biofuel | |
| Common types | Fatty Acid Methyl Ester (FAME), Biodiesel (B99), Biodiesel/ULSD Blend (B5, B10, B20) | |
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Method to achieve net-zero emissions from your fuel consumption |
Offset remaining GHG emissions with World Kinect's Carbon Offset certificates. |
| Engine and infrastructure compatibility | Chemically similar to regular diesel and nearly identical in its performance characteristics. Could be used blended or as a straight drop-in replacement to fossil diesel. Unlike biodiesel, can be transported in existing pipelines and stored in existing diesel tanks and engines | |
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GHG emission reduction over fossil diesel |
Renewable fuel can reduce GHG emissions up to 90% | |
| Other benefits | Better cold-weather handling properties. Aids in the self-ignition of fuel and allows for easier starting, smoother running engines & reliable operation | |
| Drawbacks | Commercial-scale production is limited, which affects the price, but many new plants are under construction worldwide | |
| Made from | Various biomass sources, such as vegetable oils, animal fats, algae, crop residues, and woody biomass | |
| Other names | Green diesel, advanced biofuel, second-generation biofuel | |
| Common types | Hydrotreated Vegetable Oil (HVO), R80, R95, R99. Most engine manufacturers warrant up to a B20 blend (80% ULSD/20% B99). R99 as a drop-in replacement to petroleum diesel can be used neat or blended with 5-20% biodiesel |
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Method to achieve net-zero emissions from your fuel consumption |
Offset remaining GHG emissions with World Kinect's Carbon Offset certificates. |
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Our services
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Fixed electricity cost for the life of the project. Once the project is fully financed, power generation is virtually free. Visible commitment to renewable energy. |
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You operate and maintain the system. The upfront capital expense for 100% of the system’s cost. Onsite scalability could be limited. |
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Our services
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No OpEx or CapEx requirements. Join larger projects with economies of scale. |
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Long execution timelines and long-term contractual commitment. Electricity price is dependent on contract terms. PPAs could be difficult to implement in regulated markets. Onsite scalability could be limited. |
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Our services
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Simplified procurement. Quick to execute (<1 month). |
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Project options and costs are limited to the supplier’s or utility’s renewable portfolio. Certificates from utilities are often available only to large customers. |
When your own onsite or offsite renewable power generation is not viable, or cost-effective, or there are simply site space constraints, you might choose to buy power produced by 3rd-party renewable generation projects. In addition to physical power, these projects also produce green attributes or Renewable Energy Certificates (RECs), aka Energy Attribute Certificates (EACs), Guarantees of Origin (GOs), Renewable Energy Guarantees of Origin (REGO), International Renewable Energy Certificates (i-RECs), and other certificates that vary by country.
RECs are electronically tradeable, trackable, environmental commodity instruments that certify the bearer owns electricity generated from a renewable energy resource. RECs are an effective and recognized way of reaching emission targets. You can think of RECs as the mirror image of a carbon tax; rather than putting a negative value on carbon emissions, RECs put a positive value on clean generation.
| Say you are a manufacturing company that buys 1K MWh a year from your local utility that mostly uses coal and natural gas as feedstock. If you also buy 1K RECs, you can officially claim to be "powered by 100% clean electricity” because you effectively purchased the amount of “greenness” equal to your electricity consumption. |
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Many regions have their own REC scheme. If you have a global footprint, you might need to buy a whole portfolio of RECs, GOs, REGOs, and I-RECs for every geography where you operate.
Leveraging our direct partnerships with renewable generators in numerous countries and from our REC portfolio of VPPA renewable energy projects, World Kinect can help with the following certifications worldwide:
• Guarantees of Origin (GOs) in Europe
• Green Energy Certificates (GECs) in Japan
• Large-Scale Generation Certificates (LGCs) in Australia
• Renewable Energy Certificates (RECs) in USA and Canada
• International RECs (I-RECs) in many parts of the world
• Tradable Instruments for Global Renewables (TIGRs) in many parts of the world.
• Renewable Guarantees of Origin (REGO in the UK)
We are the end-to-end provider of RECs - sourcing, issuing, and canceling them at the end of their useful life cycle.
