Marubeni Corporation : - Delivery of Zero-Emission Refrigerated Trailers for Leasing by PLM Fleet, LLC.
February 05, 2021 at 09:38 am
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Marubeni Corporation (hereinafter 'Marubeni') and Mizuho Leasing Company, Limited (hereinafter 'Mizuho Leasing') have begun delivery of zero-emission refrigerated trailers designed and manufactured by Advanced Energy Machines (hereinafter referred to as 'AEM') in the United States to customers in December last year through PLM Fleet, LLC (hereinafter 'PLM'), a U.S.-based refrigerated trailer leasing and rental business.
As a leader in the U.S. cold chain supply industry, PLM has been educating refrigerated fleet operators on the viability of zero-emission refrigerated trailers, holding joint exhibitions and lectures with AEM, since 2019. In May 2020, PLM signed an agreement with AEM and started sales activities in the U.S. market. PLM has since signed agreements with major customers and began delivery of zero-emission refrigerated trailers in 2020. Interest and demand for the zero-emission technology is steadily increasing as the technology continues to prove itself as a viable alternative to diesel.
In the United States, hybridization and electrification are accelerating in not only passenger cars and trucks, but also refrigerated trailers equipped with transport refrigeration units traditionally powered by diesel engines. Companies have begun to transition fleet equipment to green alternatives leveraging lease flexibility as an important tool in the change. The state of California is leading the way with guidance aimed at accelerating the reduction of harmful pollutants by providing support for zero-emission vehicles and equipment as well as infrastructure and distributed energy solutions.
Compared to diesel powered transport refrigeration units (hereinafter 'TRUs'), AEM zero-emission technology eliminates many tons of carbon dioxide annually while also eliminating harmful nitrogen oxides. In addition to helping the environment, the AEM TRUs use low-voltage, safe charging to greatly reduce the risk of electric shock to equipment users. Available across all trailer sizes and configurations, including multiple temperature applications, the AEM TRUs use battery technology along with solar and momentum generation to extend useful routes before recharging.
Through PLM, Marubeni and Mizuho Leasing will contribute to deliver low-carbon and sustainable solutions by expanding environmentally focused products with advanced technology in the cold chain market, which will continue to grow and evolve in the years to come.
Marubeni Corporation is a diversified group organized primarily around 12 business segments:
- sale of agricultural products and related services (47% of net sales): sale of agricultural inputs (crop protection products, fertilizers, seeds, etc.), precision farming services, formulation of crop protection products, export of cereals and oilseeds, etc.;
- sale of food products (17.6%);
- production and distribution of oil, gas, alternative energy and electricity (10.4%);
- production of chemicals and petrochemicals (6.4%);
- production of metals and mineral resources (4.9%);
- sale and financing of industrial and construction machinery and equipment (4.6%). The group also develops car sales and tire distribution activities;
- sales of consumer electronics (4.3%). In addition, the group develops real estate development and management activities;
- sale of forest products (2.3%): wood chips and biomass fuel, pulp and waste paper, paper, paperboard, hygiene products, building & construction materials and wood products;
- sale of apparel, accessories, textile and lifestyle products (1.1%);
- management and operation of aircraft and ships (1%);
- development of energy production units and industrial installations (0.3%);
- finance and leasing (0.1%): auto finance, aircraft leasing, aircraft engine leasing, leasing and renting of refrigerated trailers, commercial vehicles and commercial freight railcars, etc.
Net sales are distributed geographically as follows: Japan (37.2%), the United States (42.5%)