Page 134 - CW E-Magazine (9-4-2024)

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LOWERING COSTS OF LOGISTICS
Roadcast launches fuel management sensor

to optimise usage

The logistics industry accounts for
about 30% of the world’s annual gasoline
consumption, or about 50 billion gallons.
Industry statistics show that logistics
companies spend more than 42% of their
budget on fuel, and losses from drain-
age, underfi lling, theft & pilferage range
from 5-8%, resulting in signifi cant fi nan-
cial losses for the companies. To address
these ineffi ciencies, Roadcast, an auto-
motive technology company founded in
2015, has announced the launch of its
Roadcast Fuel Sensor, a comprehensive
solution that enables businesses reduce
fuel consumption by 5-10% through
its advanced technology and real-time
monitoring capabilities. “Equipped with The Roadcast Fuel Sensor includes theft, ultimately leading to cost savings.
IoT and GPS tracking, the device pro- a sophisticated fuel monitoring plat- “With the Roadcast Fuel Sensor, we
vides unparalleled visibility into vehicle form, allowing businesses to track low aim to revolutionise fuel management
performance and fuel usage, empowering fuel levels, temperature alerts, and ideal in the logistics sector, enabling busi-
businesses to make informed decisions usage times. By leveraging this data, nesses to optimise their operations and
and optimize operational effi ciency,” the businesses can generate detailed reports maximize profi tability,” said Mr. Vishal
company said. to identify ineffi ciencies and prevent Jain, Co-founder, Roadcast.

GREEN INITIATIVES
Epsilon Carbon secures Rs. 100-crore sustainability

linked funding

Epsilon Carbon Pvt. Ltd., a lead-
ing manufacturer of carbon-based pro-
ducts, has secured Rs. 100-crore sustain-
ability-linked working capital funding
from Standard Chartered Bank, India.

The facility is linked to predeter-
mined sustainability performance position, but also demonstrates our dedi- to achieve Net Zero emission by 2070,”
indicators and targets which are core & cation to sustainability and responsible he added. According to Ms. Shobana
material to Epsilon Carbon’s business – business practices,” said Mr. Vikram Chawla, Executive Director, Sustaina-
reduction of greenhouse gas emission Handa, Managing Director, Epsilon ble Finance, Standard Chartered Bank,
intensity and reduction of disposal of Group. “Epsilon Carbon’s fully inte- India, the bank has led bond issuances
hazardous waste to landfi ll, Epsilon grated carbon black & specialty carbon of over $20-bn globally across green,
Carbon said in a statement. “The fund- facility in Bellary, Karnataka, is aligned social, and sustainability-linked themes
ing not only strengthens our fi nancial with the Government of India’s mission in last fi ve years.

134 Chemical Weekly April 9, 2024

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