Sainsbury’s and Triboron will collaborate to evaluate Triboron Technology in Sainsbury’s fuel
Pressrelease13 September, 2022
Triboron International AB (publ) (”Triboron”) has signed a Memorandum of Understanding (“MoU”) with Sainsbury’s Ltd (“Sainsbury’s”). The intention of the MoU is for the two companies to work together to develop options by treating fuels with Triboron Technology to reduce CO2 emissions
Sainsbury’s is the second largest retail supplier of fuel to the UK market supplying volumes equivalent to the size of the entire Swedish market.
In 2021, Sainsbury’s committed to reduce Scope 1 emissions by 30 percent by 2030, with a long-term commitment to be net zero by 2050 across its value chain. For Scopes 1 and 2, these include the reduction of greenhouse gas (GHG) emissions from their own operations.
The agreement stipulates an initial collaboration and validation period of six months, during which Triboron will supply additives to treat diesel fuel used by the Sainsbury’s fleet of delivery and transport vehicles. The performance benefits sought by Sainsbury’s may include lower fuel consumption for vehicles using the fuels allowing cost savings and scope 1 carbon emissions reduction for the Sainsbury’s fleet as well as improve control of bacterial and fungal contamination in the fuel supply system.
“We see significant potential in the partnership with Sainsbury’s and this could lead to further collaboration for reducing emissions” says Pär Krossling, CEO of Triboron.
The initial six months are going to be evaluated to determine Sainsbury’s value of using Triboron’s technology, after which a commercial agreement may follow.
“Climate targets matter – but action to deliver them matters more. We have a strong heritage in reducing our own emissions and are collaborating closely with our suppliers to ensure we’re driving positive change across our value chain too. The progress we’ve made has enabled us to accelerate our own targets and move faster to cut our emissions. I am confident that our new agreement with Triboron will take us further along that road,” adds Ben Meech, Technical Manager, Fuel and Renewables at Sainsbury’s.
Eminova Fondkommission AB | +46 8 684 211 00 | email@example.com
This information is information that Triboron International AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out below, at 08:30 CET on 13 September 2022.
Pär Krossling, CEO | +46 8 643 10 00 | firstname.lastname@example.org
More information about Sainsbury’s is available at https://about.sainsburys.co.uk/
About Sainsbury’s Ltd
Founded in 1869, Sainsbury’s is the second largest chain of supermarkets in the United Kingdom, with a 14.9% share of the supermarket sector. With brands such as Sainsbury’s, Argos, Habitat, Tu, Nectar and Sainsbury’s Bank, the Group has about 171,000 employees, over 1,400 outlets a turnover of nearly 30 billion GBP.