Agility investing $18m in green supply chain

3 September 2019

Kuwait-based global logistics provider Agility has announced that it has invested $18m in green supply chain technologies through its corporate venture arm Agility Ventures.

Green technology start-ups benefitting from the funding include Texas-based Hyliion and TVP Solar, a Swiss company.

Hyliion provides hybrid technology for the trucking industry that reduces fuel consumption and corresponding emissions by up to 30% by recycling kinetic energy from braking that would otherwise be wasted. 

TVP Solar utilises a high-vacuum solar thermal technology that serves energy-demanding applications such as air conditioning, desalination, and process heating.

It is already in use in the Middle East – including in Agility’s corporate headquarters. TVP products operate autonomously with no need for cleaning, directly replacing fossil fuels with cheaper, cleaner, solar heat.

Agility chairwoman Henadi Al-Saleh said: “Green technology is a major focus of our investment strategy.

“We’re always on the lookout for dynamic new businesses that can revolutionise the supply chain to help protect the planet. We are looking at innovative solutions that drive business value by reducing costs, increasing efficiency, and reducing energy consumption at the same time.”

Agility said that by 2025, it plans to cut its emissions by 25% from 2016 levels by implementing renewable energy pilots in large facilities across the world and building to green standards.

It currently plans to add 300,000 sq metres of facilities to its portfolio of warehousing and light industrial facilities across the Middle East and Africa.

Agility CEO Tarek Sultan said: “We’ve invested heavily in our human rights approach over the years and tried to lead by example, especially in emerging markets.

“Our community outreach programme 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.”

Meanwhile a robotic logistics fulfilment centre, which claims to be the first of its kind to have open in the MENA region, has just gone up and running in Dubai.

IQ Fulfillment was launched by IQ Holding and aims to provide full back-end solutions for supply chains and logistics using the latest in robotics, AI and software platforms to support the supply chain and logistics industry.

The robotic technologies used at the centre help process 12,000 robotic orders daily and deliver a 99.9% accuracy rate, at three times the speed of human operators, said the company. 

It added that it used the same technology as major international robotic logistics centres such as those operated by Ali Baba.

IQ Fulfillment quoted a study by Dubai Economy and Visa as saying the UAE has the most advanced e-commerce market in the Mena region, with e-commerce transactions set to grow 23% per year to 2022.

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