• Contact
  • Privacy Policy
  • Advertise With Us
  • Login
  • Register
Your Trading Edge Magazine
Advertisement
  • Home
  • Feature
    • Market Commentary
    • Expert Advice
    • Columns
  • Trading
    • Shares and Trading
    • Technical Analysis
    • Trading Mindset
  • Crypto News
  • Finance
  • Subscribe
No Result
View All Result
  • Home
  • Feature
    • Market Commentary
    • Expert Advice
    • Columns
  • Trading
    • Shares and Trading
    • Technical Analysis
    • Trading Mindset
  • Crypto News
  • Finance
  • Subscribe
No Result
View All Result
Your Trading Edge Magazine
No Result
View All Result

South Jersey Ports Operating Cleaner and Greener

October 18, 2022
in Trading
Reading Time: 2 mins read
A A
0
Pennsylvania Governor Extends Cargo Growth Scheme for Another Year
0
SHARES
15
VIEWS
ShareShareShareShareShare
The South Jersey Port Corporation (SJPC) received an initial six pieces of all-electric equipment, the vanguard of 27 cargo-handling “green machines” funded by a $6.6 million grant from Governor Phil Murphy’s Administration to grow jobs while reducing the ports’ carbon footprint.

It’s all part of the Governor’s $100 million initiative to battle climate change by turning to clean energy alternatives and to make New Jersey fully powered by clean energy by 2050.

“As we work determinedly to safeguard New Jersey against the impacts of climate change, we must electrify not just light-duty vehicles, but the medium- and heavy-duty tractors and equipment upon which our thriving logistics industry depends,” said Governor Murphy. “There’s no better place to continue our efforts than at the South Jersey Port Corporation, which is contributing to our state’s national reputation as an offshore wind hub. Here in South Jersey, we’re proving that transitioning to clean energy both complements and catalyzes the growth of new industries and the generation of good-paying jobs.”

“Creating family-sustaining jobs is our prime mission” said SJPC Executive Director & CEO Andrew Saporito. “But, as Governor Murphy warns us, there will be no jobs if we destroy our planet and communities in the process. Jobs are inextricably connected to how we protect our environment and shrink our carbon footprint to zero. We strive to be a better neighbor in the communities we serve by making our operations cleaner and greener while also building the green economy on initiatives such as offshore wind development.”

The governor is funding his “green machine” initiative by leveraging proceeds from the reentry into the Regional Greenhouse Gas Initiative (RGGI) and money from the Volkswagen Mitigation Trust Fund. In addition, New Jersey and private corporations are investing a billion dollars to build port facilities and infrastructure to make New Jersey the epicenter of the job-rich $100 Billion offshore wind energy industry.

“This is another important step in the Murphy Administration’s commitment to improve air quality in communities overburdened by air pollution, and to reduce greenhouse gas emissions from vehicles that fuel climate change across New Jersey,” Department of Environmental Protection Commissioner Shawn M. LaTourette said.

With this $6.6 million investment, SJPC will replace 27 pieces of older gasoline and diesel forklifts and cargo handling equipment with new electric-powered units and associated charging stations. SJPC aims to systematically convert all of its energy-consuming assets to zero-carbon within the next decade as suitable replacement equipment becomes commercially available.

From steps as simple as planting trees in its host cities to updating warehouse lighting to LED to investing millions in improving direct ship to rail access, SJPC has been working aggressively to reduce its carbon footprint. Instead of retrofitting its vehicles – it can afford to convert its fleet from carbon fuels to electric.

SJPC has become the cornerstone of New Jersey’s growing Green Energy Economy. Its unparalleled location combined with available land and warehouse space and an integrated network of highway, rail, and marine facilities provide the needed infrastructure to support offshore wind energy investments along the Atlantic Coast. Its Paulsboro Marine Terminal (PMT) has already emerged as the prime manufacturing site for components of the offshore wind turbines.

Credit: Source link

ShareTweetSendPinShare
Previous Post

MATIC rallies by 8% after Polygon achieves a new milestone

Next Post

CargoAi Welcomes Qatar Airways Cargo

Related Posts

How do WMS System Integrations help 3PLs Grow?   
Trading

How do WMS System Integrations help 3PLs Grow?   

September 30, 2023
6
Global Armored Vehicle Market Sees $25.6 Billion Surge in 8×8 Wheeled Vehicles Amidst Rising Tensions
Trading

Global Armored Vehicle Market Sees $25.6 Billion Surge in 8×8 Wheeled Vehicles Amidst Rising Tensions

September 29, 2023
4
Market Entry Strategy for Silicone in the United States
Trading

Market Entry Strategy for Silicone in the United States

September 29, 2023
4
Disruption and Transformation: How AI will Impact Global Trade in the Next Decade
Trading

Disruption and Transformation: How AI will Impact Global Trade in the Next Decade

September 29, 2023
8
Securing Consistent, Realistic Income with Dedicated Freight
Trading

Russia-China Trade Dynamics in a Post-War Era: Navigating Challenges and Opportunities

September 29, 2023
4
Next Post
Qatar Airways Cargo is a Thoroughbred in Horse Transport –

CargoAi Welcomes Qatar Airways Cargo

Recommended

Joe Biden addresses UN on international AI regulation: ‘It’s going to take all of us’

Joe Biden addresses UN on international AI regulation: ‘It’s going to take all of us’

September 20, 2023
13
The Global Nanomaterials Market is expected to attain a Valuation of US$ 52 Billion by 2033

The Global Nanomaterials Market is expected to attain a Valuation of US$ 52 Billion by 2033

September 5, 2023
2
Shimmer and IOTA Drive Teleconsys’ dOra: Redefining IoT Security

Shimmer Joins Blockscout for Blockchain Exploration on EVM

September 30, 2023
5
Analysts Split – Rally to $1.80 or Dip to $0.41?

Analysts Split – Rally to $1.80 or Dip to $0.41?

September 24, 2023
17
Hedera hits 20 billion transactions- bullish for HBAR?

Hedera hits 20 billion transactions- bullish for HBAR?

September 6, 2023
5
Your Trading Edge Magazine

This is an online news portal that aims to share the latest news about trade, finance, crypto and much more. Feel free to get in touch with us!

What’s New Here!

  • Solana Leads Altcoin Surge: Bitcoin Traders Eye $28,000 Amid ETF Optimism
  • Binance Resumes Services in Belgium After Three Months
  • How Ethereum Can Appeal to Institutional Investors: Fidelity

Subscribe Now

Loading
  • Contact
  • Privacy Policy
  • Advertise With Us

© 2021 - ytemagazine.com - All rights reserved!

No Result
View All Result
  • Home
  • Feature
    • Market Commentary
    • Expert Advice
    • Columns
  • Trading
    • Shares and Trading
    • Technical Analysis
    • Trading Mindset
  • Crypto News
  • Finance
  • Subscribe

© 2021 - ytemagazine.com - All rights reserved!

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?