Toyota speeds ahead in its bid to reduce impact on environment
World Kinect Energy Services makes considerable savings for Toyota
UK – Toyota Motor Manufacturing UK (TMUK) is reducing its impact on the environment, increasing its green energy and making considerable savings with the support of World Kinect Energy Services, a global leader in energy management, sourcing and sustainability services.
Committed to sustainable car production, TMUK aims to reduce its carbon impact on the environment to zero by 2050, with its global strategy focused on improving processes in the entire vehicle life cycle from design stage through to supply chain and production. World Kinect Energy Services, which has offices in the UK and across the globe, has been providing trading services to TMUK on a performance only basis, negotiating contracts for electricity and gas and making considerable time and financial savings over the last six months as a result.
Using its expertise of extremely volatile markets, World Kinect Energy Services has been able to advise on the best time to buy energy, integrate legislation, ensure the purchase of green energy and manage the entire process, taking the burden away from TMUK’s purchasing team and achieving a beneficial result, all within budget.
By investigating the drivers pushing commodity prices, World Kinect Energy Services gains vital insights into expected price changes, and is helping TMUK to predict its future energy spend, enabling the manufacturer to accurately manage its budget and plan its strategy for the year ahead, whilst monitoring its data through Kinect Online.
Christine Cooke, Senior Purchasing Manager for Toyota Motor Manufacturing UK said: “The people at World Kinect Energy are a key asset – from the account managers to the consultants and specialists, everyone involved takes time to understand what we need and devotes time to understand what is going on in the market. It’s really useful to be able to utilise World Kinect Energy Services’ expertise to get a steer on what we should be doing and when, to achieve the goals set out in our global strategy.”
Launching its production in 1992, TMUK in Derby was the first wholly owned Toyota manufacturing plant in Europe, which now produces the new generation Toyota Corolla. The vehicle’s advanced 1.8 and 2.0 hybrid engine is made at the Deeside plant in North Wales.
Paul Vian, Senior Vice President of World Kinect Energy Services Global, said: “Our existing relationship with TMUK means we have a solid understanding of the business and the environmental targets it wants to achieve. As well as a continuous drive to reduce consumption, Toyota uses green energy for both its UK plants and in doing so wants to become a leader in environmental performance. We are currently investigating other options to support its renewable generation and integrate other renewable sources such as biomass and CHP.”
The partnership between TMUK and World Kinect Energy Services will continue in order to reach the manufacturer’s ambition of reducing CO2 to zero by 2050.
For further information about World Kinect Energy Services, visit World-kinect.com.13th January 2020