Comparing the Total Cost of Ownership for Electric Semi-Trucks vs. Hemp based Renewable Diesel
Steven Fance
AI/ML | Hemp based Renewable Natural Gas | Sustainable Aviation Fuel | Cloud Solutions Architecture
The trucking industry is a vital part of the economy, and the transportation of goods is essential for the functioning of society. However, the emissions produced by traditional internal combustion engine (ICE) semi-trucks have a significant impact on the environment. As society becomes more conscious of the need to reduce carbon emissions and fight climate change, many companies are looking for alternatives to traditional ICE semi-trucks. One alternative that has been gaining traction is the use of hemp renewable diesel.
When comparing the total cost of ownership for hemp-based renewable diesel and electric semi-trucks, it is important to consider several factors, including the initial purchase cost, fuel costs, maintenance costs, the availability of charging infrastructure, and Inflation Reduction Act tax incentives.
Hemp renewable diesel is a type of biofuel that is made from gasifying and upgrading hemp biomass. Unlike traditional diesel fuel, which is derived from fossil fuels, hemp renewable diesel is made from a renewable source. This means that it is not only more sustainable, but it also has a lower carbon intensity score.?
During the gasification process of the biomass, CO2 is extracted along with hemp waste we mix with lime and water to create hempcrete (concrete replacement) at the refining level.?Hemp grows every 90 days and absorbs 1.25 MT (Metric Tonne) of CO2 per 1 MT of hemp biomass therefore creating a carbon negative life cycle biofuel by the time it reaches the tail pipe.
The availability of charging infrastructure is also an important factor to consider when comparing the total cost of ownership for hemp-based renewable diesel and electric semi-trucks. Currently, the infrastructure for renewable diesel is already available, and it is easier to find diesel fuel at truck stops and fueling stations. On the other hand, the infrastructure for electric semi-trucks is still in its early stages, and it can be challenging to find charging stations in some areas.
Another advantage of Cultiv8 Hemp Solutions hemp based renewable diesel is that we capture the CO2 and store it in affordable hemp concrete homes.?This means that it not only reduces emissions, but it also helps to mitigate the effects of climate change. In contrast, electric semi-trucks rely on electricity, which is often generated from fossil fuels. This means that even though they have a lower carbon intensity score, they are not truly carbon-neutral.
The trucking industry is made up of many small businesses, and the cost of new electric semi-trucks can be out of reach for many of them. The cost of switching to hemp renewable diesel, however, is much more affordable. This means that small businesses can make the switch to a more sustainable fuel without breaking the bank.
Maintenance costs are also an important factor to consider when comparing the total cost of ownership for hemp-based renewable diesel and electric semi-trucks. Electric semi-trucks have fewer moving parts and require less maintenance than traditional diesel trucks. However, the batteries and electric drivetrain require specialized maintenance and can be more expensive to repair or replace.
In conclusion, switching to hemp renewable diesel is an affordable and sustainable alternative to traditional ICE semi-trucks. The infrastructure for it is already available, it captures and stores carbon, and it is a more affordable option for small businesses. As society becomes more conscious of the need to reduce carbon emissions and fight climate change, the use of hemp renewable diesel is an excellent solution for the trucking industry.
Join us Thursday February 23rd at 11AM EST for a free webinar on how Cultiv8 Hemp Solutions can compares the total cost of ownership of our hemp renewable Diesel vs. electrifying your fleet.
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This webinar will explore:
? What are the different types of renewable hemp fuel?
? What Inflation Reduction Act tax credits and incentives are available for your organization?
? How does cost of ownership for hemp based renewable diesel vs Electric Semi-Trucks
? What is needed for trucking companies to purchase Cultiv8HS Renewable Diesel?
This piece has been created to provide an invaluable resource to all owner-operators, utilities, off-takers, investors, government organizations, municipalities, and ethical corporations.
Visit us: https://www.Cultiv8HS.com
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